Proposed shipping route raises prospect of more energy flows through waterway

Oil prices experienced a significant decline on Tuesday, falling over five percent. Hopes for a diplomatic resolution to the West Asia conflict emerged. This potential resolution…

Qatar said on Aug 4 that an interim proposal had been drafted. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices decline for a third day amid optimism for a US-Iran-Oman deal to reopen the Strait of Hormuz.