Iran Pitches Deal to Reopen Strait of Hormuz
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The remarks came as the Houthis launched a new wave of missile and drone attacks at Saudi targets Friday morning.
Saudi Arabia says the Strait of Hormuz must remain free of charges, with Foreign Minister Faisal bin Farhan Al Saud telling the UN General Debate that the waterway must return to its status before
SINGAPORE: Crude oil flows out of the Strait of Hormuz reached 33.7 million barrels so far in the week starting September 20, preliminary ship-tracking data from Kpler showed on Friday, putting exports roughly on track with the previous week’s levels.
The Strait of Hormuz remains the centre of the intensifying US-Iran conflict, with tensions in the vital waterway continuing to raise concerns over global energy supplies.Here are some of the latest and major developments shaping the crisis as
November WTI crude oil (CLX26 ) closed down -2.20 (-2.33%) on Friday, and November RBOB gasoline (RBX26 ) closed down -0.1455 (-4.37%). Crude oil and gasoline prices sold off on Friday in hopes that negotiations between the US and Iran will lead to a deal to reopen the Strait
Bahrain on Friday rejected any permit or fee system for passage through the Strait of Hormuz saying transit through the international waterway cannot be suspended or subjected to unilateral