Oil Trade News

Iran and Oman have agreed to establish new navigational routes in the Strait of Hormuz, building on previous agreements for a joint temporary corridor and mine

India's External Affairs Minister Jaishankar stated in Kyiv that the Russia-Ukraine War will not be resolved by oil purchasing decisions and reiterated India's

The recent breakdown in trade negotiations between the U.S. and Canada could lead to severe energy-related repercussions, particularly for oil trade, if a resol

China has stated it will protect its interests after the US expanded sanctions against Iran, threatening to isolate nations that continue trade with Tehran, a m

The U.S. has imposed sanctions on oil trader Wellbred due to its connections with Iranian oil shipping magnate Mohammad Hossein Shamkhani.

भारतीय रिफाइनरियों की वैश्विक स्तर पर बढ़ती साख के कारण कई देश उनसे तेल आयात करने की तैयारी में हैं।

A deal to re-open the Strait of Hormuz, if brokered by Trump, is predicted to give Iran control it previously lacked, impacting global oil trade which saw 20% p

The Cuban Ambassador has called for the lifting of the energy blockade imposed by the U.S., stating that restrictions on oil trade have severely impacted the Cu

A proposed US bill to impose a 100% tariff on Russian oil could significantly impact India's oil imports and trade relations.

Donald Trump has expressed support for a bill that could impose 500% tariffs on India due to its trade of Russian oil.

Vessel transits through the Strait of Hormuz have reportedly crashed to pre-MoU levels amid escalating US-Iran tensions.

Iran has criticized former US President Trump's proposal to charge a 20% fee for passage through the Strait of Hormuz, with Araghchi stating Iran will be fair.

Tanker transit through the Strait of Hormuz has plunged following the end of the US-Iran ceasefire, raising concerns about a tentative commercial recovery. Mari