The United States is allowing some Iranian oil tankers to pass through the Strait of Hormuz to help maintain global energy supplies, according to US Treasury Secretary Scott Bessen...
Australia has begun releasing fuel from its reserves after panic buying led to shortages at some petrol stations amid rising global energy tensions.The government approved the move overnight, allowing an additional 762 million litres of petrol and diesel to enter the market from ...
Oil prices rose sharply in early Asian trading on Tuesday as investors monitored tensions around the Strait of Hormuz, a key global oil shipping route.Brent crude climbed 2.8% to $...
A commercial vessel 'MV Banglar Joyjatra' owned by the Bangladesh Shipping Corporation (BSC) has turned back while attempting to cross the strategic Hormuz Strait due...
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