The United States has issued a 30-day general licence allowing access to certain Russian oil shipments, in a move aimed at stabilising global energy markets and ensuring continued supply flows amid ongoing geopolitical disruptions. US Treasury Secretary Scott Bessent confirmed that the temporary licence will facilitate access to Russian crude oil that is currently stranded […]
energy markets
Oil prices rise after lack of progress in negotiations between Iran and US
Global oil prices have surged following a lack of progress in negotiations between Iran and the United States (US), raising concerns over supply stability and geopolitical tensions. Read More: Oil prices surge as US Iran tensions escalate According to market reports from Singapore, crude oil prices climbed sharply after talks held in Islamabad ended without a breakthrough. The […]
Iran outlines alternate routes amid Strait of Hormuz truce
Iran has announced alternative maritime routes for vessels transiting the strategically vital Strait of Hormuz, citing safety concerns over possible sea mines in the main channel. Read More: Strait of Hormuz: key oil route in middle of US-Iran crisis The move comes as part of a temporary two-week ceasefire agreement aimed at easing tensions and restoring limited shipping […]
Ceasefire agreement: Iran, Oman to impose tax on ships passing through the Strait of Hormuz, says US media
A new proposal by Iran and Oman to impose fees on commercial vessels passing through the Strait of Hormuz has sparked global concern during a temporary ceasefire between the United States and Iran. Read More: Iran allows essential cargo ships through Strait of Hormuz According to reports, the plan was discussed during ongoing diplomatic engagements linked to the two-week […]
Hormuz toll plan raises global energy concerns
Iranian state media has reported that a parliamentary commission has approved a proposal plan to impose toll on vessels passing through the Strait of Hormuz, a critical global energy shipping route for oil and gas. The move comes amid ongoing conflict in the Middle East, which has already severely disrupted maritime traffic in the region. […]
Hormuz disruption triggered fears of increase in global oil markets
The ongoing disruption in the Strait of Hormuz has triggered a major upheaval in global oil markets, raising fears that crude prices could surge to as high as $200 per barrel. The crisis, now stretching beyond a month, is being described as one of the most severe oil supply shocks in modern history, with far-reaching […]
Gulf oil producers lose $15 billion amid Strait of Hormuz disruptions
DUBAI — Gulf oil producers have suffered a staggering $15.1 billion in lost energy revenues since the escalation of US and Israeli strikes on Iran, as millions of barrels of crude oil have been stranded due to the near-shutdown of the Strait of Hormuz, the Financial Times reported. Read More: Iran allows two Indian LPG […]
Oil surges as Hormuz disruption shakes global supply
Global oil prices surged sharply on Friday as escalating conflict in the Middle East disrupted energy supplies and forced buyers to seek alternative crude sources. The surge follows the effective closure of the Strait of Hormuz, a critical shipping route responsible for transporting a significant portion of the world’s oil. Read More: Pakistan seeks Saudi oil […]
Oil prices drop 4% as US-Iran talks ease geopolitical tensions
LONDON: Oil prices fell sharply on Monday after US President Donald Trump indicated that Iran was “seriously talking” with Washington, suggesting a potential de-escalation in tensions that had previously pushed crude to multi-month highs. Read More: Oil holds near six-month high amid US-Iran tensions Brent crude futures declined $2.81, or 4.1%, to $66.51 per barrel, while […]
Oil prices jump as US ramps up pressure on Iran
Here’s a neutral, newsroom-ready package based on your report: Title News story (≈300 words) Oil prices climbed about 3 per cent on Friday, reaching their highest levels in more than a week, after the United States intensified pressure on Iran by imposing fresh sanctions and announcing the deployment of a naval “armada” to the Middle […]