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Tankers with 35 million barrels exited Gulf through Hormuz since Iran deal
At least 20 oil tankers stranded in the Persian Gulf with 35 million barrels have exited the Strait of Hormuz since the U.S. and Iran agreed to open the sea lane, according to data provided by Kpler, a firm that tracks global trade…
Hormuz evacuation to begin for ships stranded in Persian Gulf: IMO
More than 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Strait of Hormuz under a large-scale evacuation plan backed by Iran and the United States, the International Maritime Organization said Tuesday."We have…
Shipping stalls in Strait of Hormuz after Iran says waterway is closed
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between…
Gas prices fall below $4 per gallon as oil supply fears ease after Iran
Gasoline prices fell below $4 per gallon Thursday, as oil exports through the Strait of Hormuz are expected to increase after President Donald Trump signed a deal to end the war with Iran.Drivers in the U.S. paid $3.99 on average, the…
Iran reportedly closes Strait of Hormuz again, raising doubt over talks
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. Stringer | ReutersIran declared the Strait of Hormuz closed again on Saturday and warned vessels to stay away from the critical shipping route, but the U.S.…
Saudi supertankers cross Strait of Hormuz after Iran deal
Three supertankers from Saudi Arabia loaded with 6 million barrels of oil have crossed the Strait of Hormuz, according to data from the global trade intelligence firm Kpler. The Saudi tankers switched their transponders on Thursday in…
U.S. Navy ends blockade of Iran’s ports and coastal areas
In this handout photo provided by U.S. Central Command, U.S. forces patrol the Arabian Sea near M/V Touska on April 20, 2026, after firing upon the Iranian-flagged vessel that the U.S. accused of attempting to violate the U.S. naval…
Oil glut may follow Iran war, says IEA, amid demand destruction
The oil supply shock caused by the Iran war has eroded global demand for crude — but a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year, the International Energy Agency…
Iran deal came in time as Strategic Petroleum Reserve hits lowest level
The U.S. Strategic Petroleum Reserve has fallen to the lowest level in more than 40 years as emergency stocks are released to help ease the supply disruption triggered by the Iran war. The SPR stood at 340.3 million barrels as of June…
Jim Cramer calls elevated CPI ‘artificial inflation’ — what that means for
The stock market was under pressure again on Wednesday due to an intensification of the war with Iran. The subsequent rise in oil prices on the same day that the consumer price index registered its highest reading in three years…