oil exports

US says it controls Strait of Hormuz as 400 ships cross

Adm. Brad Cooper, commander of U.S. Central Command, said on Friday, October 16, that the United States and its regional partners control the Strait of Hormuz. He said about 400 commercial ships had passed through the waterway in the previous…

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Iran says it’s finding ways around US naval blockade

Iranian Oil Minister Mohsen Paknejad said this week that Tehran's oil industry is actively working to circumvent the U.S. naval blockade that has crippled the country's crude exports, even as data from vessel-tracking firms shows Iranian shipments have plummeted to…

Americas hit record oil exports as Hormuz crisis reshapes global trade

Six months after the closure of the Strait of Hormuz upended one of the world's most critical energy corridors, oil producers stretching from Canada to Argentina are shipping record volumes of crude to markets that once depended almost entirely on…

Iran holds crisis talks in Oman as US demands Hormuz pledge

Iran's Foreign Minister Abbas Araghchi arrived in Oman on Saturday for crisis talks over the Strait of Hormuz, as the Trump administration demanded that Tehran publicly commit to keeping the vital waterway open to commercial shipping following attacks on tankers…

Iranian tankers race through Hormuz as commercial shipping nears standstill

As commercial shipping through the Strait of Hormuz ground to a near standstill this week amid renewed U.S.-Iran hostilities, Iranian oil tankers have continued to transit the waterway, racing to export crude before a July 17 sanctions deadline shuts down…

Saudi Aramco pushes oil exports at Ras Tanura despite crash, Hormuz threats

Saudi Aramco continued loading crude at its Ras Tanura terminal on Monday, with a fourth very large crude carrier seen taking on oil, even as the volatile security environment in the Strait of Hormuz persists and a day after a…

Iran eyes $105B annual oil windfall as US deal lifts export barriers

Iran stands to generate more than $105 billion annually from oil exports if sanctions are fully lifted under the memorandum of understanding signed with the United States this week, while Tehran has already laid the groundwork to charge transit fees…

US says 129 ships diverted under naval blockade of Iran

US Central Command announced on Friday that 129 commercial vessels have been diverted and six ships disabled since the launch of the naval blockade against Iran on April 13, marking nearly eight weeks of maritime enforcement around Iranian ports in…