Tag: global oil supply
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Oil prices fall below $70 as Strait of Hormuz shipping resumes despite Oman attack
Oil prices fall as U.S. crude drops below $70 after Strait of Hormuz shipping improves despite a cargo ship attack near Oman. Read the full analysis.
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Strait of Hormuz Reopening May Take Weeks to Clear Shipping Backlog, Experts Warn
The Strait of Hormuz reopening is expected to take weeks as shipping experts warn oil tanker backlogs and security concerns may delay global oil supply recovery.
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Trump shipping waiver extended 90 days amid Strait of Hormuz crisis
Trump extends shipping waiver for 90 days to stabilise energy flows amid Hormuz crisis. Discover how this impacts global oil supply and fuel prices.
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India gets safe passage assurance in Strait of Hormuz crisis
Amid intensifying geopolitical strain across the Middle East, Iran has indicated that the Strait of Hormuz remains partially operational, with India among five countries receiving assurance of continued maritime access. The development holds major…