While the World Scrambles for Oil, China Sits on Full Tanks
The possible reopening of the Strait of Hormuz may not prompt China to return quickly to prewar levels of oil purchases from the Persian Gulf.
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Oil sector could become early test of US-Iran accord, minister says
Oil sector could become early test of US-Iran accord, minister says Iran's oil industry will serve as a major test of any future agreement between Tehran and Washington, Iraninan oil minister Mohsen Paknejad has said. According to the ministry's Shana news agency, Paknejad said that the sector would demonstrate whether Western countries remain committed to the spirit of a final peace agreement should one be reached. Paknejad said Iran's oil industry could offer significant investment opportunities to the global economy in a post-agreement environment.
Trump says US will impose tolls on Hormuz if "deal not be completed" with Iran in 60 days
Washington DC [US], June 21 (ANI): US President Donald Trump on Saturday (local) said that Washington could impose tolls on vessels transiting through the Strait of Hormuz if the final deal with Iran is not reached, noting that the toll would be 'for services rendered as the Guardian Angel' to the West Asia region.
Trump threatens US tolls on Hormuz strait if Iran talks fail
Trump threatens US tolls on Hormuz strait if Iran talks fail US President Donald Trump warned Saturday that Washington could impose tolls on the vital Strait of Hormuz waterway if negotiators are unable to complete a deal to end the Iran war. There will be no tolls "unless they are imposed by and for the United States of America, should the deal not be completed, for services rendered as the Guardian Angel to the countries of the Middle East for purposes of both past, present, and future reimbursement of costs," Trump posted on Truth Social.
US examines bank dealings tied to Iran's supreme leader
WASHINGTON D. C. : The U.
Three Indian-flagged crude oil tankers transit Strait of Hormuz; en route to India: Shipping Ministry
New Delhi [India], June 20 (ANI): Three Indian-flagged crude oil tankers, Desh Vaibhav, Desh Vibhor and Sanmar Herald safety transited the Strait of Hormuz on Saturday and are scheduled to arrive in India. Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, hailed the safe passage of the vessels and attributed it to the 'decisive leadership' of Prime Minister Narendra Modi.
Iran’s legal drug market is being hollowed out as shortages feed illicit channels
Iran’s official medicine market is being hollowed out as policy instability, currency disruptions and shortages push more patients toward illegal sellers, counterfeit drugs and informal supply networks, industry figures and officials have warned.
Mines, Logistics and Deep Uncertainty Threaten a Middle East Oil Rebound
More oil is getting out of the Persian Gulf, but the region’s producers are looking for signs that it is safe as they ramp up plans for alternative routes.
Iran may get a lifeline, but major obstacles remain
The agreement between Tehran and Washington holds out the prospect of sanctions relief and potentially unprecedented foreign investment, but many of its economic promises remain uncertain and some may prove difficult to deliver even if negotiations succeed.
Iran Reportedly Mandates Insurance For Hormuz Transit
New posts 10:30 Iran Imposes Insurance Requirement On Vessels In Strait Of Hormuz Vessels are seen anchored in Bandar Abbas along the Strait of Hormuz on June 18.
Tehran Reportedly Mandates Insurance For Hormuz Transit
New posts 12:20 Iran Under Pressure To Act As Fighting In Lebanon Continues Smoke rises from the site of a string of Israeli air strikes that targeted the southern Lebanese city of Nabatieh on June 20.
US contemplates working with Qatar to unfreeze funds for humanitarian spending in Iran: WSJ Report
Washington DC [US], June 20 (ANI): The United States is eyeing working with Qatar so as to chart a plan for releasing billions of dollars in frozen funds aimed at humanitarian spending in Iran, the Wall Street Journal (WSJ) reported on Friday, citing people familiar with the matter.
A US-Iran deal alone won't rescue Iran's oil economy
The memorandum of understanding signed on Thursday has prompted fresh hopes of an economic revival in Iran. But even a successful US-Iran agreement may do far less for the country's oil industry than many supporters expect.
Iran plans to charge insurance fees to vessels in Hormuz after US deal expires
Iran plans to charge insurance fees to vessels in Hormuz after US deal expires Submitted by MEE staff on Fri, 06/19/2026 - 17:19 Iran lays the groundwork for a new transit system in critical waterway, but will need Oman's buy-in to shore up legal defence Cargo ships are pictured off the coast of the Khor Fakkan container terminal, the only natural deep-sea port in the region and one of the major container ports in the emirate of Sharjah, along the Gulf of Oman, on 19 June 2026 (AFP) Off Iran wants to collect an “insurance fee” from vessels transiting the Strait of Hormuz after the 60-day agreement with the US expires, according to multiple media reports. The fee would effectively allow Iran to cement its sovereignty over the Strait of Hormuz, but would likely require the cooperation of neighbouring Oman, whose territorial waters border Iran’s. Iran agreed not to charge any fees in the waterway during the 60-day ceasefire with the US, termed the Islamabad Memorandum of Understanding, but the agreement left open the possibility of a new system afterwards.
Iran requiring ships to submit requests to cross Strait of Hormuz 48 hours in advance
Iran requiring ships to submit requests to cross Strait of Hormuz 48 hours in advance The Iranian maritime authority is requiring ships to submit requests to pass through the Strait of Hormuz 48 hours in advance of crossing, Al Nahar News reported. Al Nahar cited the Persian Gulf Maritime Organization, which stated that the advanced requests are needed to prevent delays in the Strait.
For India, the Return of Iranian Oil Cannot Come Soon Enough
After months of shortages and uncertainty, India sees an opportunity to restore a once-crucial energy relationship.
Iran, Russia Advance Banking Breakthrough to Accelerate Trade
TEHRAN (Tasnim) – Iran and Russia have moved to deepen economic and banking cooperation through new financial arrangements aimed at facilitating bilateral trade, lowering transaction costs, and creating independent payment and banking channels, the governor the Central Bank of Iran said.
First LNG ship reaches India through Hormuz after peace deal
The tanker docked at Dahej Port in Gujarat, as transits resumed through the strait after the US blockade of Iran was lifted An energy vessel that crossed the Strait of Hormuz has docked in an Indian port for the first time since the announcement of an initial peace agreement between the US and Iran on Sunday, as shipping traffic began to trickle back through the chokepoint.
Iran to waive Strait of Hormuz fees during 60-day negotiations
Iran to waive Strait of Hormuz fees during 60-day negotiations Iran 's Strait of Hormuz authority said on Friday it would waive planned fees to use the waterway during the 60-day negotiation period under the memorandum of understanding signed with the United States this week. Ships seeking passage through the strait while the interim agreement is in force must submit transit requests at least 48 hours before arrival, the Persian Gulf Strait Authority (PGSA) said in a notice. Iran will waive fees for security, safety, environmental services and related insurance during the 60-day window, while requiring vessels to coordinate routes and transit times in advance to avoid mine-affected areas, according to PGSA.
Iran's Qatar power link exposes a deeper energy dilemma
Iran's plan to connect its electricity grid to Qatar highlights a growing paradox at the heart of the country's energy strategy: even as Tehran seeks a larger regional role through cross-border energy diplomacy, it faces one of the worst domestic power shortages in decades.
