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Oil Drops as Tankers Begin Moving More Gulf Crude ↗
Brent crude futures dropped for a third session as Iran and Oman advanced plans for a temporary maritime corridor through the Strait of Hormuz. Brent tumbled to $85 a barrel early Wednesday, down…
OilPrice.com · Aug 26, 19:00 UTCIran’s Tanker Blacklist Raises New Risks for Gulf Oil ↗
Three Indian refining companies and “a global energy major” will stop using tankers included in a black list that Iran issued earlier on Sunday in response to U.S. sanctions, Reuters has reported…
OilPrice.com · Aug 26, 07:30 UTC
Gulf ship traffic via Strait of Hormuz hovers below 10-day average, data shows ↗
Five commodity vessels transited the Strait of Hormuz on Tuesday, broadly unchanged from a day earlier but well below the 10-day average of 15, preliminary shipping data showed on Wednesday.
Reuters · Aug 26, 00:29 UTC