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Oil Prices Drop 10% Following the Resumption of Navigation in the Strait of Hormuz

Global energy markets witnessed rapid transformations on April 17, 2026, following the announcement of the full resumption of maritime navigation in the strategic Strait of Hormuz, resulting in a shar...

Strait of Hormuz: The Chokepoint Pushing Oil Prices to Record Highs

Bloomberg network highlighted the impact of security disturbances near the Strait of Hormuz, through which a fifth of the world's oil consumption passes. The report, based on IMF data, noted that fear...

Iraq Moves to Increase Oil Exports Following Exemption from Strait of Hormuz Restrictions

The Iraqi Ministry of Oil reported in a brief statement that it is practically planning to accelerate its oil exports through southern ports after Baghdad officially received a special exemption from...

Russian-Chinese Veto Blocks UN Security Council Resolution on Strait of Hormuz

Russia and China have simultaneously used their veto power against a proposed UN Security Council resolution calling for immediate intervention to reopen the Strait of Hormuz and secure freedom of nav...

US Reports Rule Out Reopening of Strait of Hormuz in the Foreseeable Future

Recent US intelligence reports suggest that the Strait of Hormuz will remain closed to global maritime traffic for longer than expected. Estimates indicate that Tehran views controlling the strait as...

UN Security Council Delays Vote on Resolution to Protect Navigation in Strait of Hormuz

The UN Security Council has decided to postpone the voting session on a draft resolution allowing the use of force to protect shipping lanes in the Strait of Hormuz. This sudden delay was the result o...

Fears of Oil Reaching Record Levels Amid Maritime Navigation Challenges in the Arabian Gulf

dijlahpoint - Global economic fears are escalating regarding the possibility of oil prices reaching the threshold of two hundred dollars per barrel, coinciding with the continued security risks in the...

Rescue of Twenty-Two Indian Seafarers After Oil Tanker Incident Off UAE Coast

dijlahpoint - The Indian Consulate in the United Arab Emirates announced the safe rescue of all 22 crew members aboard an oil tanker following an incident off the coast of Ras Al Khaimah. The diplomat...

Oil Tanker Hit by Projectile off Qatari Coast Amid Rising Maritime Tensions

dijlahpoint - The UK Maritime Trade Operations (UKMTO) reported that an oil tanker was struck by an unidentified projectile approximately 51 nautical miles (94 kilometers) off the coast of Qatar, with...

Global Oil Prices Continue Surge Amid Supply Disruption Concerns in Middle East

dijlahpoint - Global oil prices extended gains for a second consecutive session due to persistent concerns regarding potential crude supply disruptions in the Middle East and geopolitical risks affect...

Ghalibaf Asserts Failure of Naval and Air Blockades Against Tehran

dijlahpoint - Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that attempts to impose naval and air blockades against his country's commercial routes are destined to fail through economic s...

Iranian President: US Attempting to Sow Division and Turn Arab States Against Us

dijlahpoint - Iranian President Masoud Pezeshkian stated in a press interview on Saturday, September 12, 2026, that the United States is attempting to sow division and discord between Iran and the Ara...