Tag: Strait of Hormuz

Monday, March 9th 2026 - 10:59 UTC
Oil rises above US$100 a barrel as Middle East war and Hormuz disruption hit supply

Oil prices climbed above US$100 a barrel on Sunday in futures trading, reaching their highest levels since 2022 as the war in the Middle East, the effective closure of the Strait of Hormuz and fresh production cuts among Gulf producers tightened supply expectations. Reuters reported Brent rose as high as US$111.04 a barrel while West Texas Intermediate (WTI) touched US$111.24 in early trading. AP later put Brent at US$107.97 and WTI at US$106.22, both more than 16% above the previous close.
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Friday, March 6th 2026 - 15:41 UTC
Oil posts its biggest weekly jump since 2020 as the Iran war disrupts Hormuz

Oil became this week’s clearest barometer of the Middle East crisis, with Brent hovering near US$90 a barrel and WTI around US$87.5, putting both contracts on track for their biggest weekly advance since 2020. The same factor sits behind the surge: the de facto blockage of the Strait of Hormuz, through which roughly one-fifth of the world’s oil normally passes.
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Thursday, March 5th 2026 - 16:02 UTC
Iran says it hit a US oil tanker in the Gulf and warns on transit through Hormuz

Iran’s Revolutionary Guards said on Thursday that their naval force struck a US oil tanker in the northern Gulf and that the vessel “is on fire,” raising fresh concerns about maritime security tied to the regional conflict and the safety of the Strait of Hormuz—one of the world’s most sensitive energy choke points.
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Monday, March 2nd 2026 - 12:38 UTC
Oil jumps and shares fall as Iran warnings chill Strait of Hormuz traffic and shipping reroutes spread

Global oil prices rose sharply on Monday and European equities fell as the regional conflict intensified, following attacks on vessels near the Strait of Hormuz and Iranian warnings to shipping in a chokepoint through which roughly a fifth of the world’s oil and gas trade moves.
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Monday, June 23rd 2025 - 10:31 UTC
Will Iran block the Strait of Hormuz?

In response to the United States' attack on Saturday, the Iranian Parliament has approved closing the Strait of Hormuz. The decision, which could hinder international trade significantly, particularly that of oil, is awaiting approval from Iran's Supreme National Security Council.
Monday, January 6th 2020 - 08:46 UTC
Royal Navy to escort UK-flagged vessels through Strait of Hormuz

Britain's navy will accompany UK-flagged ships through the Strait of Hormuz to provide protection after the killing of Iranian military commander Qasem Soleimani by US forces.
Monday, September 23rd 2019 - 13:19 UTC
British oil tanker Stena Impero to be released from Iranian custody soon

The British oil tanker Stena Impero, held by Iran in the Strait of Hormuz since July for alleged “maritime violations,” has been cleared to leave, according to local press reports published Sunday. The vessel is due to depart “soon.”
Friday, July 26th 2019 - 11:00 UTC
Royal Navy begins escorting UK flagged ships sailing the Strait of Hormuz

Great Britain’s Ministry of Defense announced that British Royal Navy will protect UK-flagged ships traveling through the Strait of Hormuz, as tensions soar in the Persian Gulf over tanker detentions.
Monday, July 22nd 2019 - 09:25 UTC
IMO condemns tanker attacks in Strait of Hormuz and Sea of Oman

The Council of the International Maritime Organization (IMO) has condemned recent attacks on commercial shipping in the Strait of Hormuz and Sea of Oman at its meeting in London held from 15-19 July.
Saturday, July 20th 2019 - 18:02 UTC
Iran Guards seize British flagged tanker; foreign secretary Hunt warns of serious consequences

Iran's Revolutionary Guards said on Friday they had seized a British-flagged tanker in the Strait of Hormuz for breaking “international maritime rules” as tensions mount in the highly sensitive waterway.