oil transportation

April 10, New Delhi — U.S. President Donald Trump has accused Iran of failing to allow oil traffic through the Strait of Hormuz and of violating the terms of their two-week ceasefire agreement.In a series of social media posts that sparked fresh concerns about the fragile truce, President...

Washington, April 8 – US President Donald Trump has averted a major military escalation with Iran, announcing a two-week conditional pause in planned attacks linked to reopening the Strait of Hormuz, a development that brought relief to people worldwide.The decision came 90 minutes before the...

Beijing, March 31 China said on Tuesday that three of its ships carrying oil supplies have passed through the Strait of Hormuz and thanked "relevant parties" for facilitation and coordination."After coordinating with relevant parties, three Chinese ships recently transited the Strait of...

Tehran/New Delhi, March 26 Iran has allowed India and several other "friendly nations," including China and Russia, to use the Strait of Hormuz for commercial shipping, Iranian Foreign Minister Seyed Abbas Araghchi has said.Global oil and gas prices have surged after Iran essentially blocked...

New Delhi, March 24 – Navigating the Strait of Hormuz, the only sea channel linking the oil-rich Persian Gulf with open oceans, does not require permission from any country, a senior government official said as more Indian vessels prepared to sail through the war-affected area.Rejecting the...

Washington, March 21 – The United States has announced a 30-day sanctions waiver allowing the sale of Iranian oil currently stranded at sea, in a move aimed at easing mounting pressure on global energy supplies triggered by the ongoing conflict with Iran.Speaking on X, US Treasury Secretary...

Washington, March 21 – President Donald Trump urged US allies and major global economies to take responsibility for securing the Strait of Hormuz, while firmly rejecting calls for a ceasefire in the ongoing Iran conflict.“The United States doesn’t use the Strait; we don’t need it…Europe needs...

March 18, New Delhi – The U.S. military struck Iranian missile sites near the strategic Strait of Hormuz using some of its most powerful bombs.The military stated on Tuesday that the strikes targeted sites along Iran's coastline because Iranian anti-ship missiles posed a threat to...

Washington, March 17 President Donald Trump said on Tuesday that NATO and most of the US's other allies have rejected his calls to help secure the Strait of Hormuz as the war with Iran entered its third week.In a social media post, Trump asserted that Iran's military has been "decimated" and...

Washington, March 17 Key US allies have pushed back against President Donald Trump’s call to help reopen the Strait of Hormuz, according to a report by The Wall Street Journal, exposing widening rifts within the Western alliance as tensions escalate in the Gulf.Trump has been pressing partners...

Washington, March 16 – US President Donald Trump said on Monday that American forces had dealt a devastating blow to Iran’s military capabilities and called on major global economies to help safeguard the Strait of Hormuz, a vital energy route through which much of the world’s oil flows...

New Delhi, March 16 India said on Monday that it had not engaged in bilateral talks with the US to ensure the safe transit of merchant vessels through the Strait of Hormuz.The remarks by the Ministry of External Affairs came against the backdrop of US President Donald Trump calling on several...

Karachi, March 13 Pakistani naval ships safely escorted two of its merchant vessels carrying millions of litres of oil from Fujirah in the UAE to the Karachi Port amid the ongoing crisis in West Asia, officials said on Friday.The development comes as Pakistan, which heavily relies on Gulf...

Washington, March 13 – The world is facing a “significant disruption in the short term” to secure long-term global energy flows, US Energy Secretary Chris Wright said, defending Washington’s decision to release oil reserves amid the war involving Iran.“We are in the midst of a significant...

Washington, March 13 – The United States has temporarily allowed countries to purchase Russian oil stranded at sea, a move that comes days after Washington granted a similar waiver to India as it seeks to stabilize global energy markets amid rising geopolitical tensions.Treasury Secretary...

New Delhi, March 11 With the conflict in West Asia disrupting energy prices, Iran has blamed the US for the disruptions in the shipping of crude oil and gas through the Strait of Hormuz, attributing the problem to Washington's "destabilizing actions."Iran's foreign ministry stated this in a...

Dhaka, March 10 Bangladesh has begun receiving diesel from India, with an initial supply of 5,000 tonnes expected by Wednesday, an official said on Tuesday, amid growing concerns about a fuel shortage due to the ongoing crisis in West Asia."We have started receiving diesel from Monday...

Washington, March 10 – US President Donald Trump centered his latest warning to Iran on the Strait of Hormuz, saying any attempt to block or disrupt the vital oil route would trigger overwhelming American retaliation.“If Iran does anything that stops the flow of oil within the Strait of...

The US has given India permission to purchase Russian oil that is currently on ships in waterways, aiming to ease supply shortages globally amid the West Asia conflict."The world has ample oil supplies. Yesterday, the Treasury Department authorized our allies in India to begin buying Russian...

Washington, March 6 – The United States has “reached out to India” to purchase Russian oil currently stored in floating storage in southern Asia as part of a short-term effort to ease pressure on global oil markets, US Energy Secretary Chris Wright said in an interview with ABC News.The...