Oil flow in Hormuz not back to normal
Standard Chartered said oil flow in the Strait of Hormuz is not back to normal.
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Standard Chartered said oil flow in the Strait of Hormuz is not back to normal.
Iran’s Security Chief Mohsen Rezaee slammed Treasury Secretary Scott Bessent on Tuesday, saying that the U.S.’s economic restrictions on Tehran will not force the reopening of the Strait of Hormuz. Bessent Has No ‘Credibility,’ Rezaee Says In a post on the social media platform X, Rezaee shared a Bloomberg article that
Reuters cites UBS as saying negotiations after the US midterms could normalize regional oil flows by H1 2027, with Brent seen in an $80-$135 per barrel range and risks toward $150.
The escalation added fresh risks to oil markets as Iran reiterated that the Strait of Hormuz remains closed. Yemen’s Saudi-backed government forces launched a major military campaign Sunday to beat back Iran-aligned Houthi rebels, adding fresh risks to oil markets as Iran reiterated that the Strait of Hormuz remains cl
The food and agri group said revenue rose 33% in Q2 to US$1,139 million and 32% in 6M to US$2,161 million. Net profit fell 35% in Q2 to US$28 million.
US OIL: September 23- Americas Midday Oil Summary: Crude Rises WTI Crude has risen as earlier optimism around US-Iran diplomatic efforts has eased following more hardline rhetoric from Iranian officials in recent hours, though eased back from daily highs after a senior Iranian official told Reuters that Tehran was revi
Middle East oil producers are using a new ship-to-ship transfer system off Oman's coast to keep exports flowing despite escalating regional conflict and threats between the US and Iran. This method cuts transit distance and reduces the risk of passing through the Strait of Hormuz, with exports nearing 6.5 million barre
Producers are using ship-to-ship transfers off Oman's coast to keep Middle East oil exports flowing amid escalating regional conflict, but the complex and costly process is increasing freight rates and absorbing discounts. Around 2.5 million barrels per day of crude are expected to be loaded via ship-to-ship transfers
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Descartes Systems said total revenue rose 15% year over year to $193.6 million and adjusted EBITDA increased 20% to a record $89.8 million. The company also highlighted AI investment plans and the IDELIC acquisition.
Tsakos Energy Navigation said first-half 2026 net income rose 253% to $228 million from a year earlier. Management also said 2026 dividends totaled $1.60 per share and forward-committed earnings are approaching $3.5 billion.
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Iran's IRGC warns ships to use designated Hormuz passage only, threatening action on unauthorized transit
U.S. Secretary of Energy Chris Wright announced a significant shift in oil traffic through the Strait of Hormuz, after a preliminary agreement between the U.S. and Iran, aiming to resolve longstanding nuclear issues and reopen this vital waterway. Oil Traffic Through Strait Back To Normal, Says Wright In an interview w