In a blow to organized fuel smuggling networks, Iranian Border Guard Commander Brigadier General Ahmadali Goudarzi announced ...

DA: If the vessel is required to reroute as a result of conflict zones and this leads to an extension of journey duration or ...

KARACHI – Starting August 1, Pakistani consumers will pay Rs7.54 less per liter for petrol, as the government moves to adjust ...

This article first appeared on Pacific Forum and is republished with permission. Read the original here .The recent attacks ...

The US has not issued a formal public statement, though the incident has added to a growing sense of volatility in the strategically vital waterways near the Strait of Hormuz — a chokepoint for a ...

The New York Times indicated why this would be important, noting, “A quarter of the world’s oil and 20 percent of the world’s liquefied natural gas passes through the Strait of Hormuz, so ...

Iranian forces have seized yet another small oil tanker in its widening campaign against what its authorities describe as fuel smuggling close to its waters. The Islamic Republic News Agency and ...

Over 80% of the crude oil, condensate and LNG transported through the Strait of Hormuz is consumed in Asian markets—specifically China, India, Japan and South Korea.

Around one-fifth of the world's oil passes through the Strait of Hormuz each year, making the passage linking the Gulf to the Arabian Sea a vital economic and geo-strategic chokepoint.

When asked how high oil prices would have climbed if Iran had shut the Strait, Zycher said, “probably on the order of $100, but very temporarily”.

The threat of conflict in the Strait of Hormuz—a critical chokepoint through which approximately 21 million barrels per day of oil flows—sparked fears of potential supply disruptions as seen ...