The Russia – Ukraine war started on 24 February 2022, when Moscow invaded its neighbor. The invasion triggered widespread condemnation, and a coalition of over 40 countries has imposed coordinated economic sanctions on Russia as a result.
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…
Saudi Arabia convened an inaugural meeting in Riyadh on July 30 of nations interested in joining a maritime defense coalition to “enhance maritime security, protect international maritime corridors, and counter threats targeting maritime navigation and global trade.” The maritime corridor…
Water levels on the Rhine river in Germany fell to near record lows on Friday as a heatwave and prolonged dry weather gripped the region, the country's navigation agency said, though cargo vessels continued to operate.Inland navigation agency WSV said…
The two very large crude carriers (VLCC) carrying oil loaded from the Persian Gulf exited the Strait of Hormuz on Friday, with traffic through the waterway remaining thin, according to Kpler ship-tracking data.The Spain B vessel is carrying crude oil…
ExxonMobil missed Wall Street estimates for second-quarter profit on Friday, even as high oil prices and improved refining margins brought by the Iran war led to its biggest quarterly profit in four years.
