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Amid escalating Israel-Iran tensions, oil markets are on edge, with Brent crude hovering near $73 a barrel. Concerns rise ...
Oil steadied after rallying around 10% since Israel started its attacks on Iran last week, as speculation the US may join the conflict stoked concerns about supply disruptions in the Middle East.
Oil steadied after rallying around 10% since Israel started its attacks on Iran last week, as speculation the US may join the conflict stoked concerns about supply disruptions in the Middle East.
U.S. officials said Iran would not need much preparation to attack American bases in the region. The Iranian military has missile bases within easy striking range of Bahrain, Qatar and United Arab ...
Somaliland offers a stable base near Red Sea chokepoints amid rising tensions with Iran and China’s influence in Djibouti.
Two oil tankers collided and caught fire near the Strait of Hormuz Wednesday night. Electronic interference was reported in the region.
Russian gas accounted for about 19% of EU imports last year, down from roughly 45% before Moscow's invasion of Ukraine and oil imports have declined to 3% from 27% in early 2022. Global Banks Increase ...
Amid the ongoing tensions between Israel and Iran, ExxonMobil's CEO says there's enough spare capacity to offset any Iranian ...
As the conflict escalates, container shipping faces growing risks from a potential chokepoint closure, rising insurance costs ...
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
The Gulf region faces rising concerns over ship jamming, affecting navigation and safety. Fake signals show oil tankers in improbable locations, complicating maritime activities. As geopolitical ...
Brent crude spiked over 2.5% on Tuesday after Israel launched an airstrike on Iran’s underground uranium enrichment facility at Natanz ...
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