Kharg Island, targeted in US air strikes on Saturday, is a scrubby stretch of land in the Gulf that handles almost all of ...

The worst global oil crisis in decades could become a major problem for the Federal Reserve, whose policymakers meet this ...

There is no short-term fix for the quagmire the U.S. is currently immersed in. With uncertainty about jobs and inflation, ...

Sixteen days into the Iran war, the focus has moved to the high seas, namely the Strait of Hormuz, the vital shipping route ...

As the conflict in the Middle East persists into March, the global energy market faces its most significant stress test in ...

Crude oil remains vital for the global economy, with major producers like the US, Saudi Arabia, and Russia shaping international energy markets and demand.

Its location on the Gulf of Oman, approximately 70 nautical miles from the Strait of Hormuz, amplifies its importance. With ...

The United Arab Emirates' Fujairah port is located on the Gulf of Oman, approximately 70 nautical miles from the Strait of ...

Gasoline consumption is expected to increase 12 per cent relative to normal conditions between March 12 and 31. Read more at ...

President Prabowo Subianto’s administration has already faced market turmoil, a tumbling currency and civil unrest. Now ...

Daily charter rates for oil supertankers have quadrupled within a week to nearly US$800,000 Read more at The Business Times.