The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships willing to cross the Strait of Hormuz to collect cargoes.

U.S. forces struck three Iranian crude oil tankers in the Persian Gulf and Gulf of Oman Saturday morning as part of a new “tanker for tanker” retaliatory policy meant to further deter Iranian attacks on tankers that move through the Strait of Hormuz shipping lane.

Add Yahoo as a preferred source to see more of our stories on Google. President Trump said Thursday that Iran's "present" to the U.S. he mentioned two days earlier was the passage of 10 oil-carrying ships through the Strait of Hormuz. Trump told reporters ...

The project reinforces Russia’s energy pivot toward Asia and the Arctic, with the Northern Sea Route becoming increasingly important for future exports.

Crude oil futures turned higher Thursday following reports of an Iranian attack on a cargo ship in the Strait of Hormuz, raising concerns about the continued reopening of the vital waterway. The incident occurred near the coast of Oman hours after the IRGC ...

If a remotely operated oil tanker causes a spill, the shipowner remains responsible for compensating victims under existing international rules. But another question remains unresolved: Can the person controlling the ship from shore also be sued directly ...

A cargo ship loaded with Canadian crude oil is travelling from British Columbia to Japan, marking the first Canadian shipment of energy to the Asian country since early 2025. The Marshall Islands-flagged Freedom Glory, which can carry up to 750,000 barrels ...

Crude oil prices rebounded Thursday after Iranian media reported it is considering a draft plan that restricts ship traffic in the Strait of Hormuz, prompting concerns about the viability of a reported deal between Iran and Oman to reopen the key waterway.

Alex Thorn, an executive at crypto investment firm Galaxy, said it is monitoring onchain activity for signs of an oil tanker fee paid in BTC. The Bitcoin (BTC) community is discussing the feasibility and implications of the Iranian government accepting BTC ...

new video loaded: Iran to Allow More Oil Ships Through Strait of Hormuz, Trump Says transcript President Trump said that Iran had agreed to release 20 more cargo ships of oil through the Strait of Hormuz starting on Monday. They gave us as a tribute, I don ...