Tag Archives: OIl

Tehran: Iranian Oil Tankers Resume Exports as Strait of Hormuz Sees Movement Ahead of Peace Talks Iranian oil tankers have begun leaving the Strait of Hormuz despite a reported US naval blockade, according to tracking data, as Washington and Tehran prepare to enter key peace negotiations in Switzerland. Maritime monitoring reports suggest that vessel movement has resumed in limited form, …

Oil prices extended their losses on Tuesday as markets balanced expectations of supply resuming via the key Strait of Hormuz with weak physical demand signals and uncertainty over a preliminary deal aimed at ending the Iran war. By 04:36 GMT, oil prices were slightly lower, with Brent crude down 25 cents (0.3%) at $82.92 per barrel, while US West Texas …