Register for our free newsletter

Latest News

Strait of Hormuz

Guided-missile destroyer USS Porter(DDG 78) is seen in this handout picture after a collision with the Japanese owned bulk oil tanker M/V Otowasan in the Strait of Hormuz

Strait of Hormuz open after tanker, US navy ship collide

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
South Korea April Iran crude imports

Oil higher on stimulus hopes, Iran tensions

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
UAE's Hormuz bypass

Iran renews Hormuz closure threats

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
UAE's Hormuz bypass

UAE ships first oil via Fujairah as Iran threats escalate

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 issues new oil blockade warning

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
UAE's Hormuz bypass

Saudi readies oil line to counter Iran Hormuz threat

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 oil export terminal outside gulf

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
Gulf Food Stocks Dream Jolted by Practical Realities

Gulf Food Stocks Dream Jolted by Practical Realities

GCC strategic stockpile idea lives on; Regional rivalries question food sharing ideal

April 5, 2012 1:40
Routes, Piracy, Prices Threat to Shipping-UAE

Routes, Piracy, Prices Threat to Shipping-UAE

Economy minister says piracy, Hormuz threats a concern; Abu Dhabi's new port to be launched in Q4

April 3, 2012 3:39

Japan not considering alternative to Strait of Hormuz

An alternative route is absolutely not something we have in mind-says Japan’s vice-minister of international affairs.

August 9, 2010 1:04