US crude oil exports to Asia are set to hit multi-year lows after the Iran war disrupted global shipping and pushed the cost to lease a tanker for the Pacific journey to a record of almost $80 million.

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A little-known South Korean shipowner dominated oil transits through the Strait of Hormuz in September, data from intelligence firms suggest, with the group’s vessels moving more barrels than the next three owners combined.

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Along Russia’s remote Arctic coast last month, Igor Sechin stood beside a waiting tanker in the freezing cold with a message for Vladimir Putin: After years of construction, the country’s next great oil frontier was finally coming to life.

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Saudi Arabia is in talks with foreign governments to give state-owned Aramco access to their strategic oil storage, as the kingdom seeks to make its supplies to customers more resilient during disruptions, Chief Executive Officer Amin Nasser said.

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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...

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A tanker loaded with Russian diesel will sail for the US on Thursday as Moscow starts to implement a fuel supply deal struck by Vladimir Putin and Donald Trump, according to Deputy Prime Minister Alexander Novak.

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(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.

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A.P. Moller-Maersk A/S, the world’s No. 2 container carrier, signed an agreement with Vietnamese conglomerate Hateco to develop a railway freight terminal network in Vietnam during President To Lam’s official visit to Denmark.

The Trump administration is authorizing the sale of sanctioned oil tankers in an effort to allow the vessels to start legitimately shipping crude, US Energy Secretary Chris Wright said.

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.

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A carrier loaded with Qatari liquefied natural gas is sailing north through the Red Sea, potentially speeding up delivery to European customers with a rare transit through waters vulnerable to renewed attacks from Houthi rebels.