Commercial maritime traffic through the Strait of Hormuz remains effectively at a standstill with no confirmed transits in either direction over the past 24 hours, according to vessel-tracking data compiled by Bloomberg.
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Commercial maritime traffic through the Strait of Hormuz remains effectively at a standstill with no confirmed transits in either direction over the past 24 hours, according to vessel-tracking data compiled by Bloomberg.
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Brent crude traded near $100 a barrel following one of the most volatile weeks ever for the oil market, with investors bracing for more upheaval as Iran pledged to keep the vital Strait of Hormuz effectively shut.
A message attributed to Mojtaba Khamenei also says Iran will continue targeting US bases in the region. Grouped from 3 articles across 3 sources.
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Saudi Arabia’s race to bypass the Strait of Hormuz has led to a buildup of oil supertankers waiting off the kingdom’s Red Sea coast to collect cargoes, as Riyadh tries to overcome unprecedented disruption caused by the…
“The companies do not have an interest right now, nor is there enough money for insurance to transit those ships through the Strait,” says Port of Los Angeles Executive Director Gene Seroka as he discusses shipping…
Volatility gripped Wall Street, with stocks erasing gains as the war in Iran showed no signs of easing. Brent topped $100. Bond traders revived bets on policy easing after sluggish economic data.