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Middle East tensions prompt ship diversions from Strait of Hormuz as Gulf-to-China freight rates surge 24%, fuelling concerns ...
The EIA adds that instability around the Bab al-Mandeb Strait in 2024 also contributed to rerouting. Saudi Aramco diverted ...
India is a net importer of crude oil, with over 40 percent of its supplies sourced from Middle East nations such as Iraq, ...
The Israel-Iran conflict will not necessarily hurt the oil industry or price mechanisms of the commodity, said Prime Minister ...
While India currently has enough oil in stock, the situation could get worse if the Strait of Hormuz is closed ...
Crude oil prices dip as Israel-Iran conflict spares supply lines; traders monitor Strait of Hormuz and OPEC output for ...