Global Oil Trade
4 stories related to this topic, newest first.
Al JazeeraIran Tells BRICS UAE Played Direct Role in Attacks on Its Territory
Iran's Foreign Minister Abbas Araghchi called on BRICS nations to condemn violations of international law by the United States and Israel during the group's foreign ministers' meeting on May 14, 2026. He accused the United Arab Emirates of direct involvement in military operation…
france24.comUK and France Host Multinational Meeting on Strait of Hormuz Security
The UK and France will co-chair a virtual meeting of defence ministers from over 40 nations on Tuesday to advance military plans for restoring trade through the Strait of Hormuz. The gathering follows Iran's warning against deployment of British and French warships in the waterwa…
benzinga.comU.S. Conducts Action in Strait of Hormuz After Iran Closes Waterway
The U.S. military sank six Iranian boats while escorting ships through the Strait of Hormuz, testing a three-week ceasefire in the ongoing war. Iran fired missiles and drones at the UAE, causing a fire and injuries, as commercial vessels began transiting the vital waterway. Leade…
Indian Navy / Wikimedia (GODL-India)Iran Implements Blockade of Strait of Hormuz with Exemptions for Certain Vessels
Iran has enacted a blockade of the Strait of Hormuz, a key shipping route for global oil trade. Exemptions apply to vessels from neutral countries that were already in Iranian ports at the time the blockade took effect. The measure affects international maritime traffic in the re…