US Military Destroys 16 Iranian Vessels Near Strait of Hormuz

Washington: The United States Central Command said on Tuesday that the United States military had “eliminated”…

White House Says No US Escort of Ships in Strait of Hormuz Yet

Washington: The United States military has not yet escorted any commercial vessels through the Strait of…

Supply Cuts and War Push Oil Prices Toward $120 Per Barrel

LONDON: Global oil prices surged sharply on Monday, rising more than 25 percent to their highest…

Maersk Halts Shipments to Several Middle East Countries

ISTANBUL: Global container shipping giant Maersk has temporarily suspended cargo bookings to several Gulf countries, citing…

Pakistan Seeks Saudi Oil Route After Strait of Hormuz Closure

ISLAMABAD: Pakistan on Wednesday sought an alternative oil supply route through Saudi Arabia’s Red Sea port…

Oil Prices Jump 13pc Amid Middle East Tensions

Singapore: Crude oil prices surged sharply in Asian trading on Monday amid escalating tensions in the…