Drawdowns accelerate in April as Washington continues coordinated stock release with global partners to stabilise oil markets.
UK Maritime Trade Operations reports an attack on a tanker near the UAE coast, with no injuries or pollution.
Deal strengthens Humber operations and adds storage and infrastructure capacity to support fuel supply resilience.
The move underscores a strategic shift in Abu Dhabi’s energy policy and could test OPEC’s internal unity.
US President Donald Trump says Iran has declared the Strait of Hormuz “Fully Open and Ready for Full Passage.”
Sultan Al Jaber warns that restricted passage through the Strait of Hormuz risks deepening supply disruptions, with Iran’s actions placing global energy flows under pressure.
A temporary US-Iran truce has eased immediate tensions, but industry caution persists as the IMO pushes for safe navigation and fresh talks are set to
Trump has set an 8 PM ET deadline for Iran to make a deal or face catastrophic consequences.
Carrier restarts Far East cargo bookings using multimodal routes as regional uncertainty continues to impact operations.
Tehran says it maintains control over Strait of Hormuz and sees no need for mines.
