United States President Donald Trump took to Truth Social on Monday to hail the fact that oil and gas prices have been in decline since the country signed the memorandum of understanding (MoU) with Iran. In one post, Trump insisted that gas prices are “going down, fast,” while also urging the public to “report any …
United States Ambassador to the United Nations Mike Waltz said on Sunday that Washington will destroy Iran’s infrastructure for controlling the Strait of Hormuz, “if needed.” “If the Iranian regime thinks for a second that [US] President [Donald] is going to sit by, stand by, while Iran continues to attack international shipping without a response, …
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Iran’s Islamic Revolutionary Guard Corps (IRGC) vowed to deliver a “crushing response” to any “possible enemy aggression, under any pretext” after the latest United States attacks on the country’s military infrastructure. The IRGC added that Washington’s ceasefire violations contravene the memorandum of understanding (MoU) the two sides recently signed and warned that they will “result in …
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Bahrain said it had been targeted by Iran and a ship in the Strait of Hormuz was struck on Saturday afternoon as Tehran and Washington traded accusations. Iran claimed it had targeted US sites in the Persian Gulf following US strikes on Iranian missile storage and radar installations on Friday. The Joint Maritime Information Center …
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The United Kingdom Maritime Trade Operations (UKMTO) Center said in a notice on Saturday that another vessel was hit by “an unidentified projectile” in the Strait of Hormuz. The UK maritime authority stressed that the tanker sustained damage to its bridge, adding that all crew are safe. “No environmental damage reported at present,” the UKMTO …
Iran says its rights in Strait of Hormuz must be respected Tehran angered by US-Gulf joint statement Oil prices fall further as more tankers exit strait ‘Unknown object’ hit ship near Oman on Thursday Two US officials blamed Iran for incident DUBAI/LONDON, June 26 (Reuters) – Tehran reasserted its right on Friday to control shipping …
Iranianhttps://youtu.be/0lz0WaPU37E state television announced on Friday that three foreign oil tankers attempted to pass through the Strait of Hormuz “without authorization.” A TV correspondent shared that Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy issued a warning at around 4 am local time, declaring that a new transit route announced by some authorities without coordination with …
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A ship was hit by an unknown projectile in the Strait of Hormuz, sustaining damage to the bridge, according to UK Maritime Trade Operations. The incident occurred after several freighters turned around while attempting to cross the waterway, reportedly after hearing warnings from the Iranian Navy. The attack may undermine the rapid reopening of the …
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United States President Donald Trump said on Wednesday that the oil companies will be “in big trouble” if the investigation by the US Department of Justice determines that they are gouging prices. “It’s ExxonMobil, it’s Chevron, it’s Shell, it’s BP, it’s a lot of them. The gasoline, or the oil prices, have come down so …
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Chevron Corp. CFO Eimear Bonner said on Thursday that major oil companies are “doing everything [they] can” to bring gasoline prices down as tanker traffic through the Strait of Hormuz continues to normalize. However, she told CNBC that “it’s going to take time,” pointing to a lag between a drop in oil prices and gas …
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