Strait of Hormuz

Opec+ is expected to approve a fourth consecutive increase in oil production targets by around 188,000 bpd from July, despite

OPEC+ ministers meet to consider raising oil production quotas amid soaring prices caused by the Iran war blocking Gulf shipments.

Oil prices gained over 1% as peace talks between the US and Iran continue, with supply tightness and US inventory

Traffic in the Strait of Hormuz remains throttled due to U.S.-Iranian naval skirmishes. Competing blockades have trapped about 1,600 ships.

Oil prices climbed as the US struck Iranian military sites after Iran fired on US warships in the Strait of

French shipping group CMA CGM reported that its vessel San Antonio was attacked in the Strait of Hormuz, causing crew

President Donald Trump announced Project Freedom, a U.S. initiative to guide stranded ships through the Strait of Hormuz, effectively closed

Opec+ plans a third consecutive oil output hike of 188,000 bpd in June amid ongoing US-Iran conflict disrupting supply routes.

Oman crude oil futures surged to $111.44 per barrel by end of April, driven by a global rally and geopolitical

Shipping traffic through the Strait of Hormuz has virtually stopped since February, the UN said. Ship transits dropped 95.3%. Food

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