Brent Crude Plunges Over 7% As US-Iran Pause Eases Supply Concerns
Brent and WTI crude oil prices fell more than 7% after the US and Iran paused military strikes, easing supply concerns.
Distress Call Sent After Vessel With 30 Crew Members Reports Attack Near Strait Of Hormuz
A vessel carrying 30 crew members reportedly came under attack near the Strait of Hormuz, Xinhua News Agency reported.
Iran Claims It Stopped Three Oil Tankers In Strait Of Hormuz
Iran claimed it intercepted three oil tankers in the Strait of Hormuz as tensions with the US escalated following fresh military strikes.
US Launches Seven-Hour Strike On Iranian Military Targets
The US launched a seven-hour military operation targeting Iranian military sites near the Strait of Hormuz after reimposing a naval blockade.
India Lodges Strong Protest With Iran Over Strait Of Hormuz Vessel Attacks
India condemned the Strait of Hormuz attacks, lodged a diplomatic protest with Iran and called for the restoration of safe navigation.
Crude Oil Prices Jump As US-Iran Tensions Push Brent Above $85
Crude oil prices surged as US-Iran tensions pushed Brent above $85 a barrel, lifting MCX crude oil futures by more than 4 per cent.
President Trump Announces 20% Cargo Fee For Strait Of Hormuz Security
President Donald Trump announced a proposed 20 per cent cargo fee to cover US security operations in the Strait of Hormuz.
President Trump Says US Will Take Control Of Strait Of Hormuz
President Trump said the US would assume control of the Strait of Hormuz, citing Iran's actions and the need to secure the strategic waterway.
Oil Markets Retreat After OPEC+ Announces Fresh Supply Increase For August
Global oil prices weakened after OPEC+ unveiled higher production targets for August, while stronger crude exports.
President Trump Defends Iran Strikes, Says Iran Will Never Get Nuclear Weapons
President Trump defended recent US military action against Iran, saying the country's military has been severely weakened and it will never acquire nuclear weapons.
