Iranian attack on cargo vessel near Oman spikes crude oil prices. Normal traffic through Strait of Hormuz by July 15 at 34.5% YES.

Oil prices fell as investors bet global crude supplies will improve, as tankers stranded in the Persian Gulf for months have begun leaving the Strait of Hormuz.

The development comes as tensions rise between Iran and the United States over their interim accord aimed at permanently ending the Iran war.

Crude shipments through the Strait of Hormuz have surged following a ceasefire deal, reaching their highest levels since the conflict began. While demand, particularly in Asia, is…

Rubio: if this is allowed in Hormuz, well then this will spread throughout the world like a contagion.

Iranian attack on cargo vessel near Oman spikes crude oil prices. Normal traffic through Strait of Hormuz by July 15 at 34.5% YES.

Iran orders ships to turn back in the Strait of Hormuz, signaling increased tensions. Normal traffic by June at 7.8% YES.

ALBAWABA- A cargo vessel was struck by an unidentified projectile off the coast of Oman on Thursday, raising fresh concerns over maritime security near