News

The escalating Israel-Iran conflict has prompted shipowners to exercise an extra degree of caution in both the Red Sea and ...
There are reports that a few shipping lines may be reassessing routes, particularly the choke point of the Strait of Hormuz, ...
Strait of Hormuz is used for exporting crude oil to Asia by members of OPEC including Saudi Arabia, Iran, the United Arab ...
Middle East tensions prompt ship diversions from Strait of Hormuz as Gulf-to-China freight rates surge 24%, fuelling concerns ...
The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The ...
The EIA adds that instability around the Bab al-Mandeb Strait in 2024 also contributed to rerouting. Saudi Aramco diverted ...
Reports indicate three ships are transmitting not under command in the Gulf of Oman near the Strait of Hormuz. NASA's FIRMS ...
Amid escalating Iran-Israel tensions, India is proactively exploring alternative energy sources, particularly from West ...
India is a net importer of crude oil, with over 40 percent of its supplies sourced from Middle East nations such as Iraq, ...
While India currently has enough oil in stock, the situation could get worse if the Strait of Hormuz is closed ...
The Israel-Iran conflict will not necessarily hurt the oil industry or price mechanisms of the commodity, said Prime Minister ...
Crude oil prices dip as Israel-Iran conflict spares supply lines; traders monitor Strait of Hormuz and OPEC output for ...