Hostilities between Iran and Israel have raised fears that shipping and crude flows through the narrow waterway may now slow ...

Two very large crude carriers collided in waters off the United Arab Emirates near the Strait of Hormuz and caught fire early Tuesday, rattling global oil and shipping markets, but oil continues to ...

Global markets have remained relatively calm amid the escalating tensions between Israel and Iran. But that sentiment could quickly shift, according to experts, if the conflict affects the Strait of ...

Azerbaijan’s industrial production reached 26 billion manat in January-May 2025, decreasing by 1.6 percent compared to last ...

Azerbaijan’s foreign trade turnover hit $16.42 billion in January-April 2025, with exports at $8.29 billion and imports at $8 ...

About 21mn barrels of oil from Iran, Iraq, Kuwait, Saudi Arabia, Qatar and the United Arab Emirates pass daily through the narrow waterway separating the Islamic republic from the Gulf states, ...

Oil prices are expected to remain capped below $80 per barrel despite the escalating conflict between Israel and Iran, according to Rystad Energy, with a potential US stabilizing role and the unlikely ...

The intensifying conflict between Israel and Iran has led to tanker owners halting offers for Middle East oil routes, causing ...

While there has been no impact so far on Iran’s oil exports, the escalation of the conflict to energy infrastructure is likely to worry investors. The concern is that Iran may retaliate either by ...

The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of disruption to oil supplies. Read more at The Business Times.

In required to preserve that petrol is levied under the GST regime and that the cash flow of the ... disruptions in oil supplies through critical routes like the Strait of Hormuz, driving up ...

Iran is one of the world's major producers of oil, though sanctions by Western countries have limited its sales. If a wider ...