Iran tanker evades US blockade, reaches Asia Pacific, report says A Very Large Crude Carrier linked to National Iranian Tanker Company has evaded the United States naval blockade and reached the Asia Pacific carrying more than 1. 9 million barrels of crude oil, according to TankerTrackers. com.
New posts 13:24 OPEC+ Announces Increased Oil Output After Price Spike Seven of the worlds biggest oil producers have announced that they will increase their output to support oil market stability, days after a dramatic oil price spike amid market fears that shipping through the Strait of Hormuz will not resume anytime soon.
New posts 19:20 Commercial Ships 'Redirected' By US Forces, As CENTCOM Chief Visits Area Of Operations Dozens of commercial ships have been "redirected" to comply with the American naval blockade of Iranian ports and vessels, the US military said.
Delaware [US], May 3 (ANI): Kuwait did not export any crude oil during April, marking the first time in over three decades that the Gulf producer has recorded zero monthly crude exports, according to TankerTrackers website. In a post on X, the monitoring group said, 'Breaking: During April 2026, Kuwait exported zero barrels of crude oil for the first time since the end of Gulf War I. ' <a href="https://x.
Washington DC [US], May 3 (ANI): The US Assistant Secretary of State for Global Public Affairs, Dylan Johnson, on Saturday (local time) said that the State department is monitoring potential disruptions affecting passengers after the ultra-low-cost carrier Spirit Airlines announced it was ceasing operations immediately because of financial strain and rising fuel prices linked to the conflict in West Asia.
Iran says US comments confirm ‘piracy’ in maritime actions Iran has accused the United States of openly acknowledging unlawful actions at sea, after remarks by the US president on the capture of Iranian vessels. Foreign Ministry spokesperson Esmaeil Baghaei said Washington had effectively admitted to piracy in its handling of maritime operations. Posting on X, Baghaei wrote that the US president had described the seizure of Iranian ships as “piracy” and had “brazenly boasted that ‘we act like pirates’”.
Beijing [China], May 2 (ANI): In a sharp escalation of trade hostilities, China's Ministry of Commerce (MOC) on Saturday issued a formal blocking measure prohibiting domestic entities from complying with US sanctions, Xinhua reported. The move specifically protects five major Chinese petrochemical firms recently targeted by Washington for their alleged involvement in the Iranian oil trade.
Washington DC [US], May 2 (ANI): The United States has redirected 48 vessels in the Persian Gulf, particularly in the Strait of Hormuz, over the past 20 days amid ongoing enforcement actions related to restrictions on Iranian maritime assets by the US Navy.
Kuwait halts crude exports in April as Strait of Hormuz blockade bites Kuwait recorded zero crude oil exports in April for the first time since the end of the Gulf War, according to shipping monitor TankerTrackers. com. The data shows that while the country continued producing oil, it did not ship any crude overseas during the month as the blockade of the Strait of Hormuz disrupted tanker traffic.
Iranian lawmakers say Israeli vessels will be permanently barred from the Strait of Hormuz and ships from the United States and its allies would be allowed through only if they pay war reparations, under a proposed plan to place the waterway under Iranian “management.
Iraq says oil output can return to normal within days of Strait of Hormuz reopening Iraq’s deputy oil minister Basim Mohammed says the country can quickly restore oil production and exports once the crisis in the Strait of Hormuz subsides. Speaking during ongoing disruption to Gulf shipping, Mohammed said Iraq could return to normal output within seven days after conditions stabilise. He added that production currently stands at about 1.
WASHINGTON, D. C. /DUBAI/ISLAMABAD: With oil prices surging to their highest in more than four years, amid fears of longer-term disruptions to global fuel supplies, the U.
BEIJING, May 2 (Xinhua) -- China's Ministry of Commerce on Saturday issued a blocking ban prohibiting any recognition, enforcement or compliance with U. S. sanctions imposed on five Chinese companies on the grounds of their alleged involvement in Iranian petroleum transactions.
China issues injunction to block US sanctions on companies buying Iranian oil The Chinese Ministry of Commerce has issued an injunction to block US sanctions imposed on five Chinese oil refineries accused of buying Iranian oil. State news agency Xinhua reported that the ministry named the five companies as Hengli Petrochemical (Dalian) Refinery, Shandong Jincheng Petrochemical Group, Hebei Xinhai Chemical Group, Shouguang Luqing Petrochemical and Shandong Shengxing Chemical. After the US Treasure Department imposed sanctions last week on a unit of Hengli Petrochemical, a refiner it said has bought billions of dollars worth of Iranian petroleum, China's Foreign MInistry said that unilateral US sanctions "have no basis in international law" and that it would seek to defend the targeted companies.
Iran has begun curbing oil production as the US naval blockade tightens around its oil trade, with exports plunging, storage filling and tankers gathering near the country’s main export hub, Bloomberg reported.
China blocks US sanctions against refineries accused of buying Iranian oil China’s commerce ministry said on Saturday it had issued an injunction to block US sanctions imposed on five Chinese refiners accused of purchasing Iranian oil, state news agency Xinhua reported. The ministry named the five as Hengli Petrochemical (Dalian) Refinery, and the so-called "teapot" refineries Shandong Jincheng Petrochemical Group, Hebei Xinhai Chemical Group, Shouguang Luqing Petrochemical and Shandong Shengxing Chemical. In April, the US Treasury imposed sanctions on Hengli Petrochemical, accusing it of purchasing billions of dollars’ worth of Iranian oil, in an escalation of Washington’s long-running efforts to curb Tehran’s oil revenues.
Crude prices have hit their highest levels since 2022 following reports that the US president would be briefed on new Iran options Global crude oil prices rise and fall depending on whether US President Donald Trump got enough sleep, Slovak Prime Minister Robert Fico has said in a sarcastic remark.
Crude prices have hit their highest levels since 2022 following reports that the US president would be briefed on new Iran options Global crude oil prices rise and fall depending on whether US President Donald Trump got enough sleep, Slovak Prime Minister Robert Fico has said in a sarcastic remark.
New Delhi [India], May 2 (ANI): China is rapidly emerging as a force in Artificial Intelligence services, with its open-source models processing a volume of tokens comparable to US counterparts, while Europe faces growing economic and geopolitical friction over the ongoing conflict between the US and Iran, according to a research report by Jefferies.
Despite the encouraging growth of the U. S. economy, economists remain wary about the potential economic fallout from the ongoing conflict in Iran.
