Vessels Trickle Through Hormuz as Middle East Conflict Persists
Saudi crude shipments through the strait rose to 42 million barrels as 17 commodity vessels transited over the weekend, Kpler said.
10 Articles
10 Articles
Vessels trickle through Hormuz as Middle East conflict persists
SINGAPORE: A total of 17 commodity vessels transited the Strait of Hormuz on the weekend, down from 37 a week earlier, shipping data showed on Monday, as tension in the Gulf persisted with the US and Iran in stalemate. Visible traffic through the strait, the conduit for a fifth of the world’s oil and liquefied natural gas before the war, has dwindled to a trickle. However, Middle Eastern producers continue to export oil on tankers traveling wit…
(Cairo=Yonhap News) Correspondent Kim Sang-hoon = Saudi Arabia, whose alternative oil export routes have been blocked by the Red Sea blockade and pipeline attacks by the pro-Iranian Houthi rebels in Yemen, is...
Signs that Saudi Arabia is increasing its crude oil exports through the Strait of Hormuz, coupled with renewed market expectations of potential diplomatic progress in the conflict with Iran, caused international oil prices to plummet on the 21st. West Texas Intermediate (WTI) crude for October delivery on the New York Mercantile Exchange fell $4.52, or 4.51%, to $95.78 per barrel. Brent crude for November delivery in London fell $3.53, or 3.4%,…
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