Iran could destabilise the new normal in oil prices
Despite attacks on shipping in the Gulf and the continued instability across the Middle East, the oil market has settled into a new normal. Even after last week’s attack on Continue Reading
Tanker Attacks Could Have A Lasting Effect On Oil Prices
The second apparent attack on oil tankers in the Middle East in a month rekindled tensions in the region and had the oil market forget, at least for a day, Continue Reading
Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
Risk levels associated with shipping crude oil and LNG via the Strait of Hormuz, the Middle East’s key shipping artery, have escalated sharply, inflating tanker costs in the region. US Continue Reading
Trump says ‘Iran did do it,’ as U.S. seeks support on Gulf oil tanker attacks
The United States on Friday blamed Iran for attacks on two oil tankers at the entrance to the Gulf and said it was seeking international consensus about the threat to Continue Reading
Gulf of Oman Attacks Trigger Tighter Security on Key Shipping Routes
The attacks, which the U.S. blamed on Iran but Tehran has denied, have exposed vulnerabilities in the vital trade route, the Saudi official said. Gulf states are struggling to mount Continue Reading
Donald Trump blames Iran for oil tanker attacks
Europe and Russia on Friday urged caution over the explosions on two oil tankers in the Gulf of Oman as Donald Trump accused Iran of attacking the vessels, further heightening Continue Reading
Japanese ship owner contradicts U.S. account of how tanker was attacked
The owner of a Japanese tanker attacked in the Gulf of Oman offered a different account Friday of the nature of the attack than that provided by the United States. Continue Reading
In Baghdad, Iraqis fear that U.S.-Iranian hostilities will play out on local soil
As tensions soared Friday between the United States and Iran, Iraqis weighed the prospect that their country would once again become a battleground for the two rivals. The recent military Continue Reading
Trump has backed himself into a dangerous corner on Iran
PRESIDENT TRUMP has recklessly navigated himself into a corner in the Persian Gulf. Though he campaigned against Middle East wars and has repeatedly said he does not want one with Continue Reading
Trump: Key Oil Chokepoint ‘Not Going To Be Closed For Long If Iran Closes It
If Iran tried and closed the critical oil shipping lane in the Middle East, the Strait of Hormuz, “it’s not going to be closed for long,” U.S. President Donald Trump Continue Reading