Oil Trade

4 Articles
World

EU Imposes First Sanctions on Iran for Blocking Hormuz Strait Naval Traffic

The European Union has taken unprecedented action against Iran, imposing sanctions on two individuals and a key military unit for threatening the freedom...

World

Trump Claims Iran Facing Financial Collapse Over Strait of Hormuz Closure

United States President Donald Trump has claimed that Iran is experiencing severe financial strain following the closure of the Strait of Hormuz, a...

World

Trump Xi Summit Likely Delayed as US War on Iran Disrupts Timing

US officials confirmed Monday that the planned summit between President Donald Trump and Chinese President Xi Jinping may be delayed due to ongoing...

World

Tanker Traffic Through Strait of Hormuz Falls Sharply Amid Rising Security Concerns

Maritime traffic through the Strait of Hormuz has declined significantly as tensions in the Middle East continue to intensify, raising concerns about the...