Iran advances bill to charge ships up to $2 million to cross the Strait of Hormuz
Iran's national security committee has approved a bill to formally charge ships for crossing the Strait of Hormuz, after already…
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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…
Occidental works to shed Anadarko-deal debt as new CEO takes over
Occidental Petroleum's new chief executive Richard Jackson is working to steady the shale producer after the volatile tenure of Vicki…
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…
