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April 30, 2026
Iran announced on Thursday that it would respond to any new attacks by Washington with "long, painful'strikes'" and reasserted control over the Strait of Hormuz. This complicates U.S. plans to form a coalition in order to reopen this?waterway.
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April 30, 2026
According to a cable from the State Department, the U.S. is pushing other countries to create an international coalition in order to restore freedom of movement in Strait of Hormuz. This comes as oil prices have risen to their highest levelā¦
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April 28, 2026
The efforts to end the Iran conflict came to a standstill on Tuesday, with U.S. president Donald?Trump unsatisfied with the latest offer from Tehran. He said that Tehran had told the U.S. they were in a state of collapse and trying figure out their leadership situation.
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April 27, 2026
The U.S. is taking steps to protect the global economy against the oil crunch caused by the?Iran war. This includes boosting exports and easing sanctions selectively, as well as tapping into strategic reserves. Washington's reputation may suffer in some circlesā¦
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April 27, 2026
The U.S. intervened to protect the global economy against the oil crunch caused by the Iran War by boosting exports and?selectively relaxing sanctions, as well as tapping strategic reserves. Washington's reputation may suffer in some circlesā¦
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April 15, 2026
Andrii Sybiha, Ukrainian Foreign Minister, held a phone call with his Israeli counterpart Gideon Sa'ar in order to discuss the Russian vessel that he said was carrying grain'stolen' from Ukraine and docked at an Israeli port. Kyiv believes thatā¦
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April 13, 2026
The Kremlin criticised a?announcement made by the?U.S. on Monday. President Donald Trump said that the U.S. will blockade Iran's ports by blocking the Strait of Hormuz. The?U.S. The?U.S. Such actions will continue to have a negative impact on international markets.
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May 8, 2026
The U.S. intelligence assessment concluded that Tehran could withstand a naval blocade for four more months. According to a U.S. government official who was familiar with this analysis, first reported by The Washington Post, the CIA assessment concluded that the U.S.
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April 7, 2026
Volodymyr Zelenskiy, the President of Ukraine, said that Ukraine is taking part in consultations on the Strait o f 'Hormuz. He also added that Ukraine has maritime expertise which could be useful in Asia. Kyiv sent a group of specialists toā¦
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April 2, 2026
The Russian foreign ministry reported that Russian Foreign Minister Sergei Lavrov discussed safety of navigation through the Strait of Hormuz with Iran's Foreign minister Abbas Araghchi by telephone on Thursday. The statement posted on the websiteā¦
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March 26, 2026
The Turkish transportation minister confirmed that a drone had struck a crude oil tanker from Turkey, which was leaving Russia. This caused an explosion near the Bosphorus Strait in Istanbul's Black Sea. Abdulkadir Uraloglu, the minister of transportationā¦
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March 26, 2026
NTV reported that a Turkish crude oil tanker named the "Altura" was struck by a drone about '15 nautical miles (28 km) from Istanbul in the Bosphorus Strait. Its 27 crew members were unharmed. According to data from ship tracking, the vesselā¦
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March 13, 2026
The United States granted a 30-day waiver to countries that want to purchase Russian oil or?petroleum stranded on the sea. This drew criticism from Germany and its allies in Europe, but was welcomed by Moscow. The U.S. Treasury secretary Scott?Bessentā¦
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March 12, 2026
The United States has issued a license to countries for a period of 30 days to purchase stranded Russian oil and petroleum products. This was done to help stabilize the global energy markets, which have been shook by the war against Iran. Inā¦
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March 12, 2026
An?Indian source? said that Iran would?allow India flagged tankers to pass through the Strait of?Hormuz. Through this route, 40% of India's crude oil imports go, a?source? based in India denied the agreement. The Indian foreign ministry andā¦
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March 5, 2026
The Kremlin confirmed on Thursday that Iran has not approached Moscow to request?arms supplies. Russia condemned U.S. - Israeli strikes and demanded an immediate ceasefire. Iran signed a strategic partnership agreement with Moscow last year.
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March 4, 2026
On Wednesday, Russian President Vladimir Putin said that Russia could halt gas supplies to European markets and?move on to other more lucrative markets. According to EU officials and a document seen, the European Commission will present a proposal on April 15 to ban Russian oil imports permanently.
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February 20, 2026
Data shows that the world's benchmark Brent crude oil is being sold at the lowest price in three years from the Baltic ports of Russia. Discounts are important, as they result from sanctions that the West imposed against Russia for the "war" in Ukraine.
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February 20, 2026
The 'discount on Brent' for Russiaās flagship Urals oil blending in the Baltic Sea, reported the Kommersant paper citing Argus data, has widened up to $28 a barrel. This is the highest level since a peak -in April 2023. The federal budget hasā¦
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February 18, 2026
There is a premium built into crude oil prices due to tensions between Iran and the United States. The headlines fluctuate daily, but there's an assumption that all will be well. Brent futures, the global benchmark, rose 4.4% to $70.35 per barrel on Wednesday.
