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Archipelago 4 months ago
PREMIUM
AGO to expedite auction of seized Iranian tanker in Batam
After two auctions failed to produce a buyer, the tanker and its cargo of crude oil remain idle in Batam, though it could be used as a "bargaining chip" to seek the release of two Indonesian vessels stuck in the Gulf, an expert suggests.
Markets 4 months ago
Sanctioned tanker turns back to Strait of Hormuz, day after Gulf exit
The US-sanctioned tanker Rich Starry made its way back to the Strait of Hormuz on Wednesday after exiting the Gulf the day before, shipping data showed, failing to break through a US blockade on vessels calling at Iranian ports.
Middle East and Africa 5 months ago
Manila says Iran to allow Philippine oil shipments through Strait of Hormuz
"The Iranian Foreign Minister assured the (Foreign) Secretary that Iran will allow the safe, unhindered, and expeditious passage through the Strait of Hormuz of Philippine-flagged vessels, energy sources, and all Filipino seafarers," the foreign affairs department said in a statement.
Americas 5 months ago
Russian tanker nears Cuba with much-needed oil as Trump softens tone
A Russian tanker full of crude oil has entered Cuban waters and was expected to reach port on Monday, possibly granting a lifeline to Cuba as US President Donald Trump appeared to relax a de facto oil blockade on the Caribbean island.
Middle East and Africa 5 months ago
Italy, Germany and France offer help with Hormuz only after ceasefire
Six major international powers said Thursday they were ready "to contribute to" ensuring safe passage through the Strait of Hormuz, though three stressed that any initiative would take place post-ceasefire.
Middle East and Africa 6 months ago
Trump and Iran signal no quick end to war as tankers burn in Iraqi waters
The United States and Iran have signaled no quick end to their war, with US President Donald Trump saying it was necessary to finish the job and Iran warning that the world should be ready for oil at US$200 a barrel after striking tankers in Iraqi waters and other ships near the vital Strait of Hormuz.
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