PARIS: The head of the International Energy Agency said Tuesday that “unconditionally” opening the Strait of Hormuz to Gulf tanker traffic was essential to ending the shock from soaring oil and gas prices to economies worldwide. “The single most important solution to this problem is the fully and unconditionally opening up of the state of Hormuz to shipping,” IEA chief Fatih Birol told a press conference.

Experts warn oil and fuel prices may remain high as restoring production, shipping and confidence after Strait of Hormuz disruption could take months.

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible.…

LNG tanker nears Hormuz as US-Iran deal raises hopes for reopening the crucial waterway, impacting global gas prices.

High oil and gas prices and energy supply problems won't be solved overnight, despite Sunday's agreement to end the Iran war and reopen the Strait of Hormuz.

Shipping groups warned Monday it was too soon to safely resume sailing through the Strait of Hormuz following US and Iranian promises that the trade route would reopen under their…

Shipping groups warned Monday that it was too soon to start sailing through the Strait of Hormuz following US and Iranian promises that the trade route would reopen under their…

Le patron de l’Agence internationale de l’énergie (AIE) Fatih Birol a plaidé mardi pour une « réouverture totale et sans condition du détroit d’Ormuz » afin de sortir de la crise…

Major tanker operators say the U.S.-Iran agreement is a positive step, but shipping traffic through the Strait of Hormuz may take weeks or longer to normalize as companies wait…

A potential US-Iran agreement could lower energy, fertilizer, and food prices in Africa if the Strait of Hormuz fully reopens. Oil exporters such as Nigeria and Angola might have…

The head of the International Energy Agency stressed that fully reopening the Strait of Hormuz is crucial for global economic stability. Record-high oil and gas prices are really…

PARIS: The head of the International Energy Agency said Tuesday that “unconditionally” opening the Strait of Hormuz to Gulf tanker traffic was essential to ending the shock from…

パリ:国際エネルギー機関(IEA)の事務局長は火曜日、世界各国の経済に打撃を与えている石油・ガス価格の高騰を収束させるためには、ホルムズ海峡を「無条件に」開放し、湾岸地域のタンカー航行を可能にすることが不可欠であると述べ・・・

Oil and gas majors have high hopes for a quick reopening of the Strait of Hormuz, but they have few illusions about a return to normal for the Gulf energy industry after more than…

The world’s oil and gas majors have high hopes for a quick reopening of the Strait of Hormuz, but they have few illusions about a return to normal for the Gulf energy industry…