Iran has announced that international ships passing through the strategically important strait will soon be required to pay service charges. Iranian Foreign Minister Araghchi said that while international maritime laws […]
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The global price of Brent crude oil rose sharply to 111 dollars per barrel due to a shortage in crude oil supply, creating concern among many countries around the world. […]
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Iran has announced that only Chinese oil tankers will be allowed to pass through the Strait of Hormuz. According to reports, this decision was taken as a gesture of appreciation […]
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Indian refiners are reconfiguring their relationships with oil traders, insurers, and shipping operators to secure a consistent supply of discounted Russian crude while adhering to the latest U.S. sanctions, as […]
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