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2 articles tagged with #oil

Iran opens Strait of Hormuz, closes it again, fires at ships - all before lunchConflict

Iran opens Strait of Hormuz, closes it again, fires at ships - all before lunch

Iran declared the Strait of Hormuz open, then reversed course within hours and fired at ships after the US seized an Iranian-flagged vessel and confirmed its naval blockade remains active despite an ongoing ceasefire.

·2 min read
India's oil shopping cart just got half-emptied by WashingtonEconomics

India's oil shopping cart just got half-emptied by Washington

The US has let waivers on Iranian and Russian oil imports expire, leaving India - the world's third-largest oil consumer - urgently hunting for alternative crude supplies, according to DW.

·2 min read