The United States has imposed a new round of sanctions targeting a law firm, shipping agents and nine vessels accused of helping Iran move oil and other commodities through international...

By Julian Lee (Bloomberg) — Oil shipments from the Middle East are showing little sign of buckling in the face of Iran’s more frequent and damaging attacks on merchant ships in the...

The cost of shipping crude oil from the Middle East Gulf to Asia has surged to more than $37 per barrel, over five times prewar levels, as an increasingly complex...

Two more tankers have been struck by unidentified projectiles in separate incidents near the Strait of Hormuz and in the northern Persian Gulf, adding to a growing series of attacks...

Iran’s Revolutionary Guards claimed Tuesday that a supertanker caught fire after striking a naval mine south of the Strait of Hormuz, adding to a series of similar claims that have...

(Bloomberg) — A US plan to rehabilitate sanctioned tankers to boost oil supply may attract only a sliver of the dark fleet, as existing contracts, complex compliance checks and sky-high...

Iranian attacks in the Persian Gulf are striking more ships and causing more severe damage than earlier in the conflict, bringing fresh risks to energy flows from the region.

Iran has deliberately prolonged talks with the US to try to weaken Donald Trump politically ahead of November's US midterm elections, senior officials say, while fears of renewed military action and deep distrust of Washington have reinforced Tehran's reluctance to strike a quick deal to end the war.

Congressional scrutiny of the Trump administration’s Jones Act waiver is growing, with Rep. Salud Carbajal (D-Calif.) demanding answers about whether foreign vessels operating in domestic U.S. trades are complying with...

Iran’s main oil-loading terminals have remained empty for weeks, adding to signs that a US naval blockade of the country is throttling Tehran’s exports.

ANKARA, Oct 18 (Reuters) – Turkey will take some of the diesel Russia is supplying to global markets under its agreement with US President Donald Trump, Energy Minister Alparslan Bayraktar said on...

DUBAI, Oct 18 (Reuters) – Iran’s offer to the United States to reopen the Strait of Hormuz within seven days is still on the table, Foreign Minister Abbas Araqchi told Iranian media...

DUBAI, Oct 17 (Reuters) – Iran’s Revolutionary Guards Navy said on Saturday that two oil tankers had caught fire after hitting naval mines while crossing the Strait of Hormuz, the official Iranian news agency...

Conflicting traffic figures and competing claims of control are making it increasingly difficult to establish what’s happening in the Strait of Hormuz, even as attacks on merchant shipping intensify. The...

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.

The International Energy Agency (IEA) has agreed to accelerate the release of approximately 100 million barrels of emergency oil stocks, including more than 20 million barrels of diesel, as the...

U.S. Central Command says the United States and its regional partners control the Strait of Hormuz, citing more than 40 commercial ships moving through the waterway in the past 24...

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.

Shipowners are facing an increasingly fragmented fuel market as disruptions triggered by the Middle East conflict raise concerns about the availability and quality of supply.