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Tensions in West Asia raise concerns over oil markets as Iran-Israel clashes threaten Strait of Hormuz closure.
Crude futures were lower and ING said the market’s biggest fear is the Strait of Hormuz shutting down, with significant disruption to oil flows sufficient to push prices to $120 a barrel.
Middle Eastern oil that loads outside the Persian Gulf and at least one Malaysian grade are suddenly more popular with Asian ...
Electronic interference has disrupted navigation systems near the Strait of Hormuz since Iran and Israel began firing ...
The number of container vessels slowing down at the Strait of Hormuz is more than three times the normal level, said Ami ...
No injuries were reported after a collision of two crude oil tankers sparked a fire near the Strait of Hormuz.
The Emirati national guard says it has evacuated 24 people from an oil tanker after a collision between two ships just east ...
Navigation signals from more than 900 vessels in the Strait of Hormuz and the Persian Gulf went awry over the weekend, ...
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