"There are tankers available, but the problem is it's too expensive and there is no guarantee you can exit the strait"

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…

By Isabel Wang and Myra P. Saefong

There’s a big difference between reopening the Strait of Hormuz on paper and actually resuming the flow of oil through it.

Around 500 vessels, including 220 oil tankers, remain in the Persian Gulf near the entrance to the Strait of Hormuz awaiting safe passage

Shipping operators and insurers prefer to wait and watch from a distance for now.

The Strait of Hormuz is back in business after more than 100 days of disruption, with over 60 million barrels of crude set to leave the pipeline. Following a US-Iran peace deal,…

By Nidhi Verma, Siyi Liu and Joyce LeeNEW DELHI/SINGAPORE, June 18 (Reuters) - Middle Eastern crude oil markets could come under further pressure if the Strait of Hormuz reopens…

PetroChina and Indian Oil faced difficulties securing tankers for Iraqi crude. PetroChina and Indian Oil Corp could not find vessels. Sinochem is searching for a tanker. High…

More than 60 million barrels of crude stranded in the Persian Gulf are expected to head to Asia after the reopening of the Strait of Hormuz, potentially easing supply concerns and…

PetroChina and Indian Oil struggle to secure tankers for Iraqi crude amid rising shipping costs and geopolitical tensions.

Goldman: "We now assume that Persian Gulf exports normalize to pre- war levels by the end of July."

Asian state-owned oil refiners are struggling to secure supertankers for Persian Gulf crude deliveries due to tripled freight rates and a lack of safety guarantees for transiting…

Asia, which felt the supply shock first and the most as early as in March, could now see a wave of much-delayed crude supply that would weigh on prices...

"There are tankers available, but the problem is it's too expensive and there is no guarantee you can exit the strait"