The cost ?of shipping oil on the largest tankers fell this week from record highs as demand eased following a wave of attacks on vessels in the Middle East and as the US considered easing sanctions on the so-called shadow fleet.

Iran has managed to export some liquefied petroleum gas and jet fuel since July, despite a US naval blockade, shipping intelligence showed and people involved in security said.

The Houthi attacks on Saudi Arabia are about more than Yemen.

When the oil supertanker Esteem Explorer sails from the United States to Japan in late November, loaded with about 2 million barrels of crude, the journey will cost $81 million. The same journey would have cost $9.1 million last year, on average.

Rescuers were searching for seven missing crew on Thursday from one of two chemical tankers that caught fire overnight just outside Romanian territorial waters in the Black Sea, after Russian drones strayed into national airspace, Romanian officials said.

By Jonathan Saul and Renee Maltezou LONDON, Oct 14 (Reuters) – A container ship and a dry bulk carrier have both sunk near the Strait of Hormuz in the past...

Yemen's Houthis vowed on Wednesday to press on with attacks on airports and oil facilities in Saudi Arabia, a day after a strike that sources said caused extensive damage to the headquarters of oil giant Saudi Aramco2223.SE.

A container ship has sunk near the Strait of Hormuz after being hit by a projectile and a separate dry bulk vessel is sinking in another incident, maritime security sources said on Wednesday.

France's military was taking a tanker suspected to be part of Russia's "shadow fleet" skirting Western sanctions to Reunion island on Tuesday in what Moscow called another act of "piracy."

Dense heavy crude, which oil refiners around the world favor for its typically low cost, is piling up in the Americas as soaring freight rates have stifled exports and US refiners have been running close to their limits. 

DUBAI, Oct 11 (Reuters) – The United States’ response to Iran’s seven conditions in a proposal to reopen the strategic Strait of Hormuz was “insufficient”, Iran’s security chief, Mohsen Rezaei, was quoted by state...

By Jan Wolfe Oct 11 (Reuters) – Republican US Senator Thom Tillis on Sunday said President Donald Trump’s diesel supply deal with Russia may be illegal and will put American lives at risk, adding to bipartisan...

By Joyce Lee SEOUL, Oct 11 (Reuters) – A South Korean container ship completed the country’s first commercial round trip to Europe via the Arctic on Sunday, as authorities bank on the...

Oct 10 (Reuters) – The US military said on Saturday it had disabled a commercial cargo vessel in the Gulf of Oman after the ship’s crew ignored warnings and attempted to run...

Oct 10 (Reuters) – The United Arab Emirates National Guard said on Saturday it had rescued 22 Asian crew members after a fire broke out aboard an oil tanker in Gulf waters....

A vessel was struck by an unknown projectile 13 nautical miles west of Al Jazeera in the United Arab Emirates on Friday, causing a fire that has since been extinguished, British navy affiliated agency UKMTO said, citing multiple sources.

Tankers are facing a higher risk of attacks and intimidation as they try to get critical shipments through the Strait of Hormuz after Iran issued new warnings it would block routes that it has not authorized, sources said.

Intensifying attacks by Russia and Ukraine ahead of the winter are further endangering navigational safety in the Black Sea, Turkish Foreign Minister Hakan Fidan said on Thursday, adding that world powers must not allow the region to be turned into a new front in the war.

Mexico's auto exports posted their biggest slump so far this year, data from statistics office INEGI showed on Wednesday, a decline analysts attributed to tariff policies from the US, the biggest market for the Latin American country's top industrial sector.

South Korea's presidential office on Wednesday dismissed a Ukrainian report that Russia has imported petroleum products from South Korean ports, calling the accusation inappropriate.