Oil, Iran and the tankers
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An oil tanker anchored off the coast of the United Arab Emirates was struck by a projectile on Tuesday as Iran carried out renewed missile and drone strikes across the Gulf region.
A flotilla of at least 25 supertankers is heading to Saudi Arabia’s Red Sea port of Yanbu as the kingdom races to get its oil to market after the Iran war halted shipping through the Strait of Hormuz.
At least one person is dead and two oil tankers are ablaze in the Persian Gulf after a suspected Iranian attack on the vessels. Explosive-laden Iranian boats reportedly struck the two tankers on Wednesday,
The latest attacks marked an escalation in Iran’s campaign aimed at generating enough global economic pain to pressure the United States and Israel to end the war that started 12 days ago. But there
A total of 13 ships have been attacked in and around the Arabian Gulf, the Strait of Hormuz and the Gulf of Oman between 28 February and 11 March, UK Maritime Trade Operations (UKMTO) reported yesterday.
An oil tanker seized by the United States for carrying Venezuelan oil is set to transfer the crude to a smaller vessel off the coast of Texas that can take it to shore, ship tracking data showed on Wednesday.
Global oil prices were poised to end above $100 a barrel for a fourth session in a row, as U.S. calls for help to secure the crucial waterway fall on deaf ears and reports that Iran is allowing some crude tankers to pass through the Strait of Hormuz offer a “mixed signal” for the market on the situation in the Middle East.