Strait of Hormuz, Iran and Oil
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Crisis-struck Philippines reportedly buys Russian oil for first time in 5 years
An oil tanker previously reported to be carrying Russian crude arrived at a port in the Philippines on Monday, coming days after the government in Manila said it was considering purchasing oil from Russia amid the global energy crunch.
Iran has effectively closed the critical Strait of Hormuz in retaliation for a joint US-Israeli attack on February 28, but video purportedly showing an American tanker struck by an Iranian missile as
About 90 ships cross the Strait of Hormuz as Iran exports millions of barrels of oil despite the war
About 90 ships including oil tankers have crossed the Strait of Hormuz since the beginning of the war with Iran.
The International Energy Agency will hold an extraordinary meeting on Tuesday to discuss a possible release of emergency stockpiles.
Freight rates for very large crude carriers shipping Saudi crude from Yanbu to Asia have plunged due to Saudi Arabia's strategic pivot to the Red Sea route, bypassing the near-collapse of commercial traffic through the Strait of Hormuz.
Authorities say the French navy has intercepted a tanker suspected of helping Russia dodge oil sanctions over its war on Ukraine.
The oil tanker's arrival comes just four days after reports said it, initially headed for China, made a sudden U-turn and redirected towards India
Iran's elite Islamic Revolutionary Guard Corps (IRGC) claimed responsibility for an attack on an oil tanker in The Gulf on Thursday. Iran's state news agency IRNA reported that the Safesea Vishnu
A Russian crude oil tanker, Aqua Titan, originally en route to China, has reached India's Mangalore. Several Indian tankers, including the Shivalik, the Nanda Devi and Jag Laadki, have successfully crossed the war zone and reached India.