Iran Confirms Seizure of Oil Tanker in Strait of Hormuz
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The ship, a Marshall Islands-flagged tanker named Talara, is not the first ship the IRGC has hijacked, but it had stepped back from such threats recently.
Middle Eastern oil that loads outside the Persian Gulf and at least one Malaysian grade are suddenly more popular with Asian buyers as the Israel-Iran conflict threatens to imperil the passage of vessels through the Strait of Hormuz. Take Murban, which can ...
A narrow passage of water called the Strait of Hormuz is the primary route for Middle Eastern countries shipping oil and petroleum products from the Persian Gulf to the rest of the world. Iran has threatened before to close the waterway, but it has never ...
Iran’s war room chief has stepped up inspections of Iran’s southern islands and naval installations in the Persian Gulf, underscoring Tehran’s readiness to counter any potential aggression amid rising regional tensions with the United States and Israel.
The United Arab Emirates demonstrated this week that it does not live by oil alone, as the Persian Gulf nation fired up the world's largest concentrated solar power plant. Masdar, a renewable energy company based in Abu Dhabi, United Arab Emirates ...
The Strait of Hormuz is among the world’s most strategically significant waterways, controlling access to the Persian Gulf. 20 to 25 percent of the world’s oil, some 18 to 20 million barrels, passes through the Strait every day. Around 84 percent of ...
A cyclone expected to be the strongest storm ever recorded in the Arabian Peninsula churned toward the oil-rich Gulf on Tuesday, forcing thousands of residents of Oman's coastal towns to flee their homes. The storm was expected to lose strength before ...
A mineral-rights deal that the Trump administration says will make the U.S. vested in Ukraine’s defense has an instructive historical precedent in Washington’s unofficial oil-for-security pact with Saudi Arabia. For decades after World War II, Saudi ...