India is preparing to send empty tankers through the Strait of Hormuz to directly load Gulf crude and LPG cargoes despite ongoing restrictions tied to the Iran war.

The US dollar-dominated global oil trading system is being tested by the Iran war and the closure of the Strait of Hormuz, as governments in major consuming nations turn to…

Missiles, mines, attacks on ships, US blockade, Iran’s closure - the Strait of Hormuz has de facto been closed since the start of the Middle East conflict since late February.…