Trump Taps Strategic Petroleum Reserve in Response to Iran Shipping Attacks
President Trump has ordered the release of 172 million barrels from the strategic petroleum reserve to cushion the blow to global oil supply from the paralysis of the Strait of…
Oman Evacuates Key Oil Port as Iran War Intensifies
Oman has ordered the evacuation of vessels from its key Mina Al Fahal oil port, which sits outside the Strait of Hormuz, in a sign that the disruption to oil…
Iran May Allow Indian Tankers Through Hormuz Despite Ongoing Shipping Attacks
Iran is set to allow India-flagged tankers to pass through the Strait of Hormuz, an Indian source told Reuters on Thursday amid conflicting reports about the situation at the world’s…
China Halts Fuel Exports as Hormuz Crisis Tightens Global Supply
The Chinese government has moved to ban all fuel exports amid a worsening supply crunch because of the severe disruption in tanker traffic in the Strait of Hormuz. The ban…
