U.S. is letting Iranian oil tankers through the Strait of Hormuz, Bessent says
Treasury Secretary Scott Bessent says the U.S. is allowing Iranian oil tankers through the Strait of Hormuz to keep global oil markets well supplied. [...]
Oil rises even as U.S. weighs freeing 140 million barrels of Iranian crude
Treasury Secretary Bessent says the U.S. may unsanction 140 million barrels of Iranian oil on tankers to cool prices after Iran shut the Strait of Hormuz. [...]
The Strait of Hormuz Has Been Closed for 100 Days. Why Aren’t Oil Prices Higher?
President Donald Trump says a secret mission moved 100 million barrels of oil through the blocked Strait of Hormuz. That number is impossible to verify. [...]
China’s electric taxis are blunting the Hormuz oil shock, but only at the margins
China’s crude oil imports fell 41.3% in June from a year earlier to 29.27 million tonnes, the lowest monthly total since October 2016, according to customs data released on 14 July. Five months in [...]