The UAE has redirected some oil exports through an existing pipeline to Fujairah, which has a maximum capacity of 1.8 million barrels per day.

What the US Navy accepts is risk to send ships through tends to be different than what the merchant ships do.”

By Imad Creidi DAMMAM, Saudi Arabia, May 22 (Reuters) - Iran's publication of a new map asserting its control over the Strait of Hormuz risks extending an already punishing ordeal for thousands of mariners trapped on ships in the Gulf.

Louisiana Gov. Jeff Landry (R), who is serving as President Trump’s special envoy to Greenland, said Friday morning that the Danish territory could play a role in bringing down energy prices

Pakistan, May 22 -- Iran's Islamic Revolutionary Guard Corps (IRGC) has said that 35 vessels crossed the Strait of Hormuz within the past 24 hours. The statement added that the ships included oil tankers and container vessels.

There’s a new warning from the commodity market about the risks of a delayed reopening of the Strait of Hormuz.

Russia is expanding its oil business while the traffic through the Strait of Hormuz is still slow, analysts said this week. Moscow’s crude oil exports have increased since March as the U.S. waived some sanctions on Russian crude in floating storage until June,

Iran has threatened to impose tolls on shipping, while US demands that Iran hand over its highly enriched uranium may be deferred