Tag: strait
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Oil prices fall $2 on Iran-Oman talks to reopen Strait of Hormuz
Aug 26 : Oil prices fell more than $2 a barrel to a two-week low on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region. Brent crude futures fell $2.25, or 2.54 per cent, to $86.33…
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Japan to diversify crude supplies, back Mideast pipelines in resilience effort, media say
TOKYO, Aug 26 : Japan is set to unveil on Wednesday a comprehensive plan to boost resilience of its energy supply, with steps such as diversifying crude oil procurement and supporting Middle East pipelines to bypass the Strait of Hormuz, media said.The plan will be outlined at a meeting of the government’s Gr
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Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz
TOKYO, Aug 26 : Oil prices dropped about 2 per cent on Wednesday, adding to the previous session’s losses, on fresh hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway.Brent crude futures fell $1.78, or 2.0 per cent, to $86.80 a b
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US oil prices extend losses on hopes of Iran-Oman talks on Strait of Hormuz
TOKYO, Aug 26 : U.S. oil prices fell in early trade on Wednesday, extending the previous session’s losses, on hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway.U.S. West Texas Intermediate crude futures fell $1.37, or 1.7 per ce
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Trump says all mines cleared from Strait of Hormuz
Iran has closed the vital waterway since the beginning of the conflict causing wild fluctuations in oil prices worldwide.
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Middle East: Iran vows response to fresh US sanctions
Iran vowed to push back against new US “economic D-day,” sanctions saying key trading partners would resist US pressure. Meanwhile, Pakistan reports progress in US-Iran mediation efforts. Follow DW for more.
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Oil slips ahead of US announcement of new sanctions on Iran
NEW YORK, Aug 24 : Oil prices fell more than $2 a barrel on Monday as investors took profits after recent gains and awaited details of expected new U.S. sanctions on Iran, which could further disrupt supplies from the Middle East.Brent crude futures were down $1.71, or 1.81 per cent, to $92.69 at 12:48 p.m.…
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Oil falls ahead of US announcement of new sanctions on Iran
LONDON, Aug 24 : Oil prices slipped more than $1 a barrel on Monday as investors took profits after recent gains and awaited details of expected new U.S. sanctions on Iran, which could further disrupt supplies from the Middle East.Brent crude futures were down $1.55, or 1.64 per cent, to $92.84 at 0911 GMT, w
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Oil edges up on uncertainty over exports through Hormuz
Aug 19 : Oil prices ticked higher in early trade on Wednesday, climbing for a fourth straight day on supply uncertainty as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships. Brent crude futures climbed 26 cents, or 0.29 per cent, to $91.28 by 0
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Oil inches up as US-Iran peace deal fades
NEW YORK, Aug 18 : Oil prices inched up on Tuesday, marking a third day of gains, as Iran said it would adopt a more offensive stance and the Strait of Hormuz would remain closed, and Washington ruled out extending a ceasefire.Brent crude futures were up 59 cents, or 0.7 per cent, at $91.46 a…
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