US Denies Iran Hit Unmanned Ship
The U.S. denied Iran’s claim of attacking an unmanned vessel in the Strait of Hormuz, while Israel’s strikes in Lebanon killed at least seven people, according to multiple reports.
Strait of Hormuz
OPEC+ keeps oil output policy unchanged for October
OPEC+ maintained its oil output policy unchanged for October at a Sunday meeting, pausing supply hikes as seven core members focus on setting 2027 quotas.
Iran Grants Special Oil Tanker Exemption to Iraq Via Strait of Hormuz
Iran granted special permission for a number of Iraqi oil tankers to pass through the Strait of Hormuz following repeated requests from Baghdad.
Oil Heads for Biggest Weekly Gain Since July on Iran War Risks
Global crude benchmarks surged toward their largest weekly gains since July, driven by renewed fighting between the United States and Iran that curtailed shipping through the…
JD Vance: Trump Admin Safeguarding Oil Shipping to Prevent Energy Crisis
U.S. Vice President JD Vance said Thursday that the Trump administration is working to safeguard commercial oil shipping in the Strait of Hormuz to prevent a…
US Diesel Prices Hit Record $5.85 Per Gallon Amid Ongoing Conflict with Iran
Diesel hit a new record price in the U.S., soaring to an average of $5.85 a gallon for the first time ever as the ongoing war with Iran continues to disrupt the world’s flow of…
South Korea Prepares Strait of Hormuz Deployment to Protect Oil Lanes
South Korea is preparing to deploy P-8 Poseidon maritime patrol aircraft, a naval logistics support ship, and specialized explosive ordnance disposal teams to the Strait of Hormuz.
JD Vance Skeptical of Reports After US Airstrike Kills Five in Iran
Following a U.S. airstrike that reportedly killed five civilians, including a 4-year-old child, at a wedding in Sirik County, Vice President JD Vance expressed strong skepticism…
Trump Considering End of Iran War Amid Midterm Elections
US President Donald Trump is privately weighing a potential declaration to end the Iran war ahead of November’s midterm elections, as military and economic pressures intensify.
Federal Reserve’s Jackson Hole Meeting Focus Intensifies Market Uncertainty
U.S. stock-index futures were little changed on Sunday as investors awaited clues from the Federal Reserve’s upcoming Jackson Hole meeting, while oil prices edged higher amid…
Iran Accused of Repurposing Fajr-5 MLRS for Strait of Hormuz Mine Deployment
Iran claimed to have laid naval mines in the Strait of Hormuz, while the US accused Tehran of modifying rocket systems to deploy sea mines, sparking a high-stakes confrontation in…