Russia’s latest attack on commercial shipping killed and injured Azerbaijani citizens, prompting the country’s Ministry of Foreign Affairs to issue a warning. It comes as Russia’s Ministry of Defense continues to assert that it is attacking shipping and infrastructure used…
Oil prices jumped six per cent on Thursday, with both major benchmarks trading at over $100 a barrel as the biggest spike in attacks on shipping since the Iran war began fed worries among traders about further disruptions to already…
Tsakos Energy Navigation reported a sharp rise in net income to $228.1 million for the first six months of 2026, up from $64.5 million in the equivalent period of 2025.
A tanker carrying about two million barrels of Iraqi fuel oil was struck by a drone in Iraqi territorial waters on Wednesday, port officials said, and British Navy-affiliated UKMTO reported that several merchant vessels in the Persian Gulf had been…
How much oil is flowing through the Strait of Hormuz? Traders, energy executives and government officials are all trying to figure it out – but are reaching wildly different conclusions.
Kuwait Petroleum Corporation is offering the option of ship-to-ship transfers of its crude oil and petroleum products outside the Strait of Hormuz to its buyers for safe transportation to final destinations, a company official said on Wednesday."We are offering the…
