US and Chinese presidents agree the strait must be open for the free flow of energy

DUBAI: Iran has begun allowing some Chinese vessels to transit through the Strait of Hormuz following an understanding over Iranian management protocols for the waterway, the…

US and Chinese presidents agree the strait must be open for the free flow of energy

The White House said Beijing would buy more oil from the US to reduce its dependence on Gulf supplies

China is close to Iran and is the main buyer of its oil. Iran has largely shut the strait to ships apart from its own since the US-Israeli war on Iran began on February 28,…

A Chinese supertanker carrying 2 million barrels of Iraqi crude sailed through the strait on Wednesday after being stranded in the Gulf for more than two months | World News

Physical crude markets have also firmed again in recent days, offering a reminder of the wider supply tightness that’s hitting the global oil industry.