Japanese tankers head towards Hormuz Strait as more ships gather
The Mayasan and Yakumosan began sailing east late on April 9 from waters off Ras Tanura in Saudi Arabia.
The Mayasan and Yakumosan began sailing east late on April 9 from waters off Ras Tanura in Saudi Arabia.
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The Mayasan and Yakumosan began sailing east late on April 9 from waters off Ras Tanura in Saudi Arabia.
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Trump says Washington will not accept Iran's imposition of a de facto toll booth system in the critical waterway. Grouped from 20 articles across 10 sources.
Energy industry experts warn that allowing Iran to charge ships to ensure safe passage through the strait would raise energy costs.
Few ships passed through the waterway Wednesday and Thursday despite a ceasefire agreement that was supposed to open the waterway key to transiting oil across the globe. Grouped from 3 articles across 3 sources.
Is the world economy heading towards stagflation?
The U.N.'s shipping agency warned on Thursday that any toll imposed on ships passing through the Strait of Hormuz would set a "dangerous precedent." Grouped from 2 articles across 2 sources.
The West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session at $95.92 per barrel.