Oil rises and Gulf markets rally as Trump threatens Iran sanctions over Strait of Hormuz
Oil prices climbed and most Gulf stock markets closed higher after President Donald Trump threatened new economic sanctions against Iran's…
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China’s oil import cuts drive $30 drop in global crude prices amid Iran tensions
China's decision to cut oil imports by 5.5 million barrels per day has reportedly driven a $30 drop in global…
Iran warns neighbours against joining new U.S. sanctions as Hormuz stays closed
Iran's security chief Mohsen Rezaei warned neighbouring states against joining a new round of U.S. sanctions, saying it would make…
Strait of Hormuz Traffic Falls to 6% of Normal as Iran Holds Firm on Demands
Traffic through the Strait of Hormuz has fallen to 6% of normal levels, with Brent crude near $94 a barrel…
Oil chokepoints beyond Hormuz absorb rerouted crude as Red Sea blockade bites
Oil displaced from a shuttered Strait of Hormuz is piling pressure on five other chokepoints. Bab el-Mandeb traffic has roughly…
