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LN24 > Blog > global oil prices
07
May

UAE Slips Hidden Oil Tankers Through Strait of Hormuz as Gulf Shipping Risks Intensify

  • LN24 / 3 days
  • 0
  • 4 min read

Covert Oil Shipments Resume Amid Strait of Hormuz Tensions The United Arab Emirates has quietly resumed limited crude exports through the Strait of Hormuz, using covert shipping tactics to move oil through one of the world’s most sensitive maritime chokepoints as conflict-related disruptions continue to roil global energy markets. According to shipping data and satellite […]

04
May

Korean Ship Ablaze in Strait as Iran Strikes UAE Oil Port After Trump Pledges U.S. Naval Support

  • LN24 / 7 days
  • 0
  • 4 min read

A new wave of tension has hit the strategically vital Strait of Hormuz after a South Korean-operated vessel caught fire following an explosion, while Iran struck a UAE oil facility just hours after President Donald Trump said the U.S. Navy would help commercial ships pass through the increasingly dangerous waterway. The incidents mark a sharp […]

09
Mar

G7 to Discuss Joint Release of Emergency Oil Reserves, French Source says

  • LN24 / 2 months
  • 0
  • 3 min read

Finance ministers from the Group of Seven (G7) advanced economies are set to hold an emergency meeting on Monday to consider a joint release of strategic oil reserves in an effort to calm surging global crude prices and shield vulnerable economies from further fallout, a French government source said. The talks, confirmed by officials in […]

09
Mar

Governments Scramble to Limit Fallout of Iran War as Oil Prices Surge

  • LN24 / 2 months
  • 0
  • 3 min read

Governments across Asia, Europe and Africa are rushing to shield their economies from the growing fallout of the war involving Iran, as global oil prices surge to their highest levels in years and financial markets react with sharp volatility. Energy markets were jolted Monday after escalating fighting in the Middle East raised fears of major […]