News

UAE coast guard evacuates 24 people from oil tanker crash east of the critical Strait of Hormuz
The Emirati national guard says it has evacuated 24 people from an oil tanker after a collision between two ships just east ...
Why the Strait of Hormuz is critical to global oil supplies
The Strait of Hormuz is considered the world's most important gateway for oil transport. Hostilities between Iran and Israel ...
Two tankers catch fire after colliding near Strait of Hormuz
Two giant ocean-going tankers collided and caught fire near the Strait of Hormuz energy chokepoint, rattling global oil and shipping markets that have been on high alert since Israel attacked Iran.
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Amid Israel-Iran Tensions, Shipping Slows Down in Strait of Hormuz
As the conflict escalates, container shipping faces growing risks from a potential chokepoint closure, rising insurance costs ...
5 facts on Strait of Hormuz, the focal point of global oil trade
Strait of Hormuz is used for exporting crude oil to Asia by members of OPEC including Saudi Arabia, Iran, the United Arab ...
What happens if Iran shuts Strait of Hormuz? Artery of global oil turns into ticking time bomb
While Tehran has frequently threatened to block the waterway in response to military pressure or sanctions, the prospect ...
Explained: How a tanker crash near Strait of Hormuz impacts oil and India
A tanker collision near the Strait of Hormuz has triggered market jitters over oil supply, with potential ripple effects for ...
Israel-Iran conflict: Why Strait of Hormuz is critical for India’s energy imports, global oil and gas flows
There are reports that a few shipping lines may be reassessing routes, particularly the choke point of the Strait of Hormuz, ...
Strait Of Hormuz: Main Focus Of Investors In Iran-Israel Conflict
The risk of Iran closing the Strait of Hormuz is real and could disrupt 20% of global oil supply. Click here for more ...