Iran, Oil
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By Anna Hirtenstein LONDON, March 13 (Reuters) - Oil prices dipped on Friday as an Indian tanker sailed out of the Strait of Hormuz and the U.S. put forth measures to try and ease supply concerns, but were on track for weekly gains as Gulf disruptions from the Middle East conflict broadly persisted.
A Greek oil tanker was damaged in a suspected drone attack in the Black Sea while approaching the Russian port of Novorossiysk.
The strike appears to have come without warning, and shows that Iran and its proxies can target ships even without mining the Strait of Hormuz.
The International Energy Agency will hold an extraordinary meeting on Tuesday to discuss a possible release of emergency stockpiles.
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Trump Energy Secretary Deletes Post Claiming Navy Escorted Oil Tanker Through Strait of Hormuz
Energy Secretary Chris Wright posted and then deleted a tweet Tuesday claiming that the U.S. Navy had successfully escorted an oil tanker through the Strait of Hormuz. The post Trump Energy Secretary Deletes Post Claiming Navy Escorted Oil Tanker Through Strait of Hormuz first appeared on Mediaite.
A flotilla of at least 25 supertankers is heading to Saudi Arabia’s Red Sea port of Yanbu as the kingdom races to get its oil to market after the Iran war halted shipping through the Strait of Hormuz.
Hopes of a quick capitulation by the Iranian regime are dwindling as drones and missiles continue to rain down across the region
Although President Trump said seizing tankers would be a financial boon, the cost of maintaining just one aging ship has already reached $47 million.
A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of the first large oil tankers to leave the Persian Gulf since traffic through the vital chokepoint all but halted.
A fiery crash in Kentucky left fire crews fighting a major blaze on an interstate highway after a car crashed into an oil tanker Friday.The<a class="excerpt-read-more" href=" More
A driver in Kentucky had a close call on March 13, when an oil tanker exploded right in front of his car as he was traveling on Interstate 471.Greg Romer told Storyful he was in a northbound lane