An oil tanker collided with a U.S. Navy ship near the Strait of Hormuz on Sunday but no one was hurt and shipping traffic in the waterway, through which 40 percent of the world's seaborne oil exports pass, was not affected, officials said.
August 13, 2012 11:30
Hope for stimulus measures bolsters oil prices; U.S. Navy fires on fishing boat off UAE; Weak U.S. retail sales data limits U.S. crude rise
July 17, 2012 11:14
Iran renewed threats on Sunday to close the Strait of Hormuz unless sanctions against it were revoked, though it remains unclear how Tehran could shut down the vital oil shipping channel given the significant American military presence there.
July 16, 2012 10:45
As Iranian threats to close the Strait of Hormuz grew louder over the weekend, the United Arab Emirates quietly loaded its first cargo on Sunday from its long-awaited new oil export terminal on the Gulf of Oman.
July 15, 2012 5:04
Iran could prevent even "a single drop of oil" passing through the Strait of Hormuz if its security is threatened, a naval chief said on Saturday, as tensions simmer over Tehran's nuclear programme.
July 14, 2012 8:51
Saudi converts old Iraq pipeline to carry crude to Red Sea; IPSA gives Riyadh capacity to move extra 1.65 mbpd west; Iran nuclear stand-off could see Tehran try to block Gulf
June 28, 2012 4:52
Iran plans a new oil terminal outside the Strait of Hormuz to protect its exports against potential problems in the…
May 22, 2012 9:15
GCC strategic stockpile idea lives on; Regional rivalries question food sharing ideal
April 5, 2012 1:40
Economy minister says piracy, Hormuz threats a concern; Abu Dhabi's new port to be launched in Q4
April 3, 2012 3:39
An alternative route is absolutely not something we have in mind-says Japan’s vice-minister of international affairs.
August 9, 2010 1:04
Oil tanker carrying 2.3 million barrels bound for Japan.
July 28, 2010 3:20