EghtesadOnline: Britain on Monday joined the United States in a maritime security mission in the Persian Gulf to purportedly protect merchant vessels travelling through the Strait of Hormuz after Iran seized a British-flagged vessel.
EghtesadOnline: Japan will continue importing crude oil from the Middle East despite escalating tensions in the Strait of Hormuz, but will also make efforts to diversify supply sources, Minister of Economy, Trade and Industry Hiroshige Seko said Tuesday.
EghtesadOnline: A British-flagged oil tanker seized by Iran in the Strait of Hormuz has been taken to a nearby port for further investigations, a senior official said on Saturday, adding that the vessel had caused an accident but ignored distress calls.
EghtesadOnline: Iran rejected US President Donald Trump's claim about the downing of an Iranian drone by an American naval ship on Thursday in the Strait of Hormuz.
EghtesadOnline: The International Energy Agency is "significantly" concerned about geopolitical tensions, including in the Strait of Hormuz, but oil markets are currently well supplied and unlikely to see "huge price increases for now," the head of the agency said Friday.
EghtesadOnline: Japanese refiners have started weighing alternative crude supply sources that would not need to transit through the Strait of Hormuz, including from the Red Sea side in Saudi Arabia, West Africa and the US, amid rising tensions in the region, Petroleum Association of Japan President Takashi Tsukioka said Friday.
EghtesadOnline: The Japanese government has been requesting the United States for concrete evidence to back its allegation that Iran attacked two tankers near the Strait of Hormuz on Thursday, government sources said on Sunday.
EghtesadOnline: The joint drills of the Chinese and Iranian navies kicked off in Strait of Hormuz on Sunday.
EghtesadOnline: Iran denied on Saturday U.S. accusations that its fast-attack boats were "harassing" warships at the mouth of the Persian Gulf, and said Washington would be responsible for any clashes in the key oil shipping route.
EghtesadOnline: A U.S. Navy ship changed course toward Iranian Revolutionary Guard vessels in the Strait of Hormuz on Saturday, a guard commander was quoted as saying on Wednesday while issuing a warning.