Tag: hormuz
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US, Iran give conflicting claims over Hormuz fees
US top diplomat Rubio said Washington will not accept tolls on shipping in the Strait of Hormuz. But Iran has said they want to charge “maritime service fees.” And Israel and Lebanon are set for talks in the US.
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Oil extends losses as investors focus on Hormuz flows after peace talks
BENGALURU/LONDON June 23 : Oil prices fell on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures were down 44 cents, or 0.6 per cent, to $77.46 a barrel and U.S. West Texas Int
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Oil falls 1% as investors focus on Hormuz flows after peace talks
June 23 : Oil prices fell more than 1 per cent on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures fell $1.09, or 1.4 per cent, to $76.81 a barrel and U.S. West Texas Interme
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Oil inches down as investors focus on Hormuz flows after peace talks
June 23 : Oil prices inched down on Tuesday, extending losses from the previous session, as investors looked for clearer signs of progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures fell 20 cents, or 0.3 per cent, to $77.70 a barrel and U.S. West
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Oil gains after selloff, awaits progress on Strait of Hormuz flows
June 23 : Oil prices rebounded on Tuesday after a sharp fall the previous session supported by tempered optimism over U.S.-Iran peace talks, while investors awaited clearer signs of progress in restoring crude flows through the Strait of Hormuz.Brent crude futures gained 24 cents, or 0.38 per cent, to $78.15
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Iran says Strait of Hormuz will be closed over Israel attacks on Lebanon
Iran said Israel’s continued attacks in Lebanon are a breach of Tehran’s agreement with the US to end the war.
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Why Germany’s navy could be crucial for the Strait of Hormuz
Despite a tentative US-Iran deal, the Strait of Hormuz remains unstable — posing a major threat to global energy flows. So who will clear the mines, and who can guarantee safe passage for shipping? A European-led mission may soon set sail, with Germany poised to play a central role.
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Does the Iran war diminish US superpower status?
The US is still unrivaled in its ability to project military strength around the world, but Iran’s success in blocking the Strait of Hormuz has raised tough question on America’s role as protector of global trade.
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Sigh of relief in Africa as the Strait of Hormuz ‘reopens’
A potential US-Iran agreement could lower energy-, fertilizer- and food prices in Africa if the Strait of Hormuz fully reopens. Oil exporters such as Nigeria and Angola might have to cope with less revenue, experts say.
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Three reasons ships are not sailing through the Strait of Hormuz yet
Experts say that there are significant obstacles preventing traffic from returning to the levels seen before the conflict began – security, mines and tolls.
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