Oil Trade
28 stories related to this topic, newest first.
manilatimes.netPhilippines Receives First Iranian Crude Cargo Since Hormuz Blockade
A Suezmax tanker delivered Iranian crude to the Bataan refinery in mid-May after a ship-to-ship transfer near Singapore. The shipment marks the first Iranian oil cargo received by the Philippines since the Strait of Hormuz disruption began.
jpost.comRussian Urals Oil Supplies to Turkey Reach Lowest Level in Nearly 18 Months
Data and trader reports indicate Russian Urals crude deliveries to Turkey fell in May to the lowest volume recorded in almost one and a half years. The decline follows earlier monthly figures that had already shown reduced flows.
dohanews.coVenezuelan Oil Shipments to India Increase 50 Percent
Venezuelan crude deliveries to India increased roughly 50 percent in the most recent quarter. The rise follows the blockage of about one-fifth of global crude trade through the Strait of Hormuz.
theyeshivaworld.comJapan to Receive First Saudi Crude Shipment via Strait of Hormuz Since February
A supertanker carrying 2 million barrels of Saudi crude is scheduled to reach Japan on May 25 after transiting the Strait of Hormuz in late April. The shipment is the first Middle East crude delivery to Japan through the strait since the Iran war began on February 28.
rediff.comHandysize Tanker Attempts to Load Iranian Oil Near Blockade
A Handysize tanker identified as CELESTIAL SEA has been observed near an area where larger Aframax tankers have recently loaded Iranian oil. The smaller vessel has a capacity roughly one-tenth that of the Aframax ships.
freepressjournal.inIndia Plans Tanker Shipments Through Strait of Hormuz for Gulf Oil
India plans to send empty tankers into the Strait of Hormuz to load crude oil and LPG from Gulf producers. The move marks the first time India has attempted direct loading west of the chokepoint since the Iran war began. The strait has been nearly inaccessible for 80 days.
SemaforForeign holders trim US Treasury holdings in March
Data showed seven of the top 10 foreign holders of US government debt reduced their Treasury positions in March. The moves occurred amid currency pressures and shifts in oil trade patterns.
nbcnews.comTrump Says U.S. Does Not Need Strait of Hormuz Open
President Trump stated the United States does not need the Strait of Hormuz to remain open. He added that enriched uranium can be entombed and that the U.S. would rather take possession of it. The comments were reported by Investing.com on May 16, 2026.
Fox NewsTrump Says Xi Pledged No Military Aid to Iran and Offered to Mediate Hormuz Tensions
President Trump stated that Chinese President Xi Jinping told him China will not supply military equipment to Iran and expressed support for a peace deal. Trump added that Xi offered to help mediate tensions to reopen the Strait of Hormuz. The comments come amid ongoing conflict…
France 24Iran Says All Vessels Can Pass Through Strait of Hormuz Except Those at War With Iran
Iran's Foreign Minister stated Friday that all vessels may transit the Strait of Hormuz except those at war with Iran. The remarks come amid heightened tensions in the Middle East and follow comments expressing no trust in the United States while leaving open the possibility of n…
bbc.co.ukWhite House Claims China Interested in Buying More U.S. Oil and Shares Position Against Iran Nuclear Weapon
The White House stated that China is interested in buying more American oil. It also announced that the United States and China agreed Iran can never have a nuclear weapon. The statements outline China's positions on both energy trade and Iran's nuclear program.
asiaone.comChinese Vessels Begin Transit Through Strait of Hormuz
The transit of Chinese vessels through the Strait of Hormuz began yesterday after an understanding was reached over Iran's management protocols of the waterway. Iran's Fars News Agency reported the development, citing an informed source. The Strait of Hormuz is a critical passage…
thegatewaypundit.comU.S. Forces Redirect 67 Vessels and Disable 4 in Strait of Hormuz Since April, CENTCOM Says
U.S. Central Command reported that American forces have redirected 67 commercial vessels, disabled four others, and permitted 15 ships carrying humanitarian aid to pass through the Strait of Hormuz since April 13. The actions form part of a naval campaign that officials described…
Europe Jet Fuel Imports from Middle East Fell Sharply in April
Europe's jet fuel supply from the Middle East dropped significantly in April. The International Energy Agency reported the region has not fully replaced those lost volumes. The development comes amid ongoing shifts in global energy trade flows.
nbcnews.comQatar Officials Say Strait of Hormuz Developments Undermine De-Escalation
Qatar's prime minister and foreign minister stated that recent events in the Strait of Hormuz do not support de-escalation efforts. The officials added that Iran should not treat the strait as a weapon. The comments were reported by Al Jazeera.
asiaone.comFirst Mexican Fuel Oil Cargo in Nine Months Arrives in Singapore
A tanker carrying about 1 million barrels of Mexican high-sulfur fuel oil reached Singapore on May 8, 2026. The shipment is the first from Mexico to Asia in nine months. High Asian prices and reduced supply from the Middle East have drawn the cargo from the Americas.
pakistantoday.com.pkIran and U.S. Discuss 30-Day Pause in Hostilities to Reopen Strait of Hormuz
Three senior Iranian officials said Tehran and the United States are discussing a one-page plan under which both sides would reopen the Strait of Hormuz and halt hostilities for 30 days. The pause would allow time to negotiate a comprehensive agreement. The discussions were first…
nypost.comFrance Rules Out Lifting Iran Sanctions While Strait of Hormuz Is Blocked
French Foreign Minister Jean-Noel Barrot said sanctions on Iran will not be lifted as long as its armed forces obstruct the Strait of Hormuz. The statement was made amid ongoing tensions in the region. The minister's position was reported by Al Jazeera.
marketpulse.comPetrodollar System Supported U.S. Dollar for Over 50 Years
The global oil market has supported the U.S. dollar for more than five decades through the petrodollar arrangement. NPR reported the system shows signs of strain linked to the Iran war. The arrangement dates to agreements in the 1970s that shaped international oil trade and curre…
Defense NewsU.S. Military Escorts Commercial Ship Through Strait of Hormuz
A U.S.-flagged vehicle carrier completed a escorted transit through the Strait of Hormuz on Monday without incident, according to the shipping company and U.S. Central Command. One of the world's largest container shipping firms said transits through the vital waterway are not ye…
thehindu.comU.S. Military Escorts Cargo Ships in Strait of Hormuz
President Donald Trump stated the U.S. will launch Project Freedom on Monday to free civilian cargo ships trapped in the Strait of Hormuz since the war with Iran began. The operation focuses on vessels from non-conflict countries and involves significant U.S. military assets. It…
syrianews.ccIraqi Oil Tankers Enter Syria via al-Yarubiyah Crossing After 14 Years
A convoy of 70 Iraqi crude oil tankers crossed into Syria through the al-Yarubiyah border crossing, marking the first such shipment in 14 years, according to SANA. Separately, an Iranian supertanker evaded a U.S. naval blockade to reach the Asia Pacific region. The updates come a…
kmu.gov.ua / Wikimedia (CC BY 4.0)IMF Raises 2026 Global Growth Forecast Amid Hormuz Blockade Concerns
The International Monetary Fund has increased its global economic growth forecast for 2026 to 3.1 percent, up from 3.0 percent projected a year earlier. This update comes amid discussions of a potential ongoing blockade in the Strait of Hormuz. The source highlights that the curr…
koreaherald.comChevron CEO Discusses Potential U.S. Navy Role in Securing Strait of Hormuz After Reopening
Chevron's chief executive Mike Wirth said naval escorts may be needed for commercial vessels through the Strait of Hormuz once it reopens, citing risks from mines and land-based threats. The comments come amid a U.S. blockade and Iranian threats that have closed the waterway. Pre…
Substrate placeholder — needs reviewIranian Tankers Transport 9 Million Barrels of Oil Through Persian Gulf
At least two fully laden Iranian tankers have sailed out of the Persian Gulf this week, bypassing a US blockade as part of a larger flotilla. The vessels navigated around warships to deliver roughly 9 million barrels of oil to the market. @business reported the development amid o…
Substrate placeholder — needs reviewTrump Thanks Iranian Leadership for Oil Shipments to US Ports
President Trump posted on Truth Social expressing thanks to Iranian leadership for directing hundreds of ships to offload oil at US ports in Texas, Louisiana, and Alaska. The statement highlights a positive stance on these energy imports. Multiple reports confirmed the wording of…
Substrate placeholder — needs reviewU.S. Official Comments on Italy's Oil Imports and Relations Over Iran Issue
A U.S. official stated that Italy receives a significant amount of oil from the strait. The official added that relations with Italy's leadership have changed due to Italy's refusal to assist in a situation involving Iran. This remark was made during a recent public statement.
Substrate placeholder — needs reviewUS-Sanctioned Tanker Rich Starry Returns to Strait of Hormuz After Exiting Gulf
Shipping data showed the US-sanctioned tanker Rich Starry returning to the Strait of Hormuz on April 15, 2026, after exiting the Persian Gulf the previous day. The vessel did not break through a US blockade on ships calling at Iranian ports. This movement highlights ongoing restr…