Sentinel-2c satellite imagery taken on August 5 off the northern tip of Oman’s Musandam Peninsula shows the extent of damage inflicted on shipping and Oman’s coastline as a consequence of Iranian IRGC drone and anti-shipping cruise missile attacks.
Oil prices edged lower on Wednesday on revived expectations of a de-escalation in Iran war hostilities that could restore shipping traffic in the Strait of Hormuz and oil flows in the Middle East.However, losses were capped by a maritime embargo…
A surge in attacks on ships, ports and export terminals in the Black Sea is disrupting global supplies of grain and oil, turning the region into the latest strategic trade chokepoint to be hit by escalating conflict.The Black Sea is…
The US Department of the Interior has proposed revisions to federal regulations governing exploratory oil and gas drilling on the Arctic outer continental shelf. Announced on August 3 through the Marine Minerals Administration, the proposal would update provisions introduced under…
The environmental catastrophe predicted when salvage surveyors inspected the Russian dark fleet Supermax, the Cameroon-flagged Caroline Bezengi (159,168 dwt), beached on rocks off an Omani island, is beginning to unfold.
Oil prices fell about five per cent to a three-week low on Monday after US President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal that could boost oil supplies from…
