Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much
Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
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Gas carriers, chemical tankers among vessel convoy crossing Hormuz
Gas carriers, chemical tankers among vessel convoy crossing Hormuz A convoy of tankers was seen departing the Gulf and transiting the Strait of Hormuz on Saturday, according to vessel-tracking data. The group included four liquefied petroleum gas carriers along with several oil product and chemical tankers, data from MarineTraffic showed. Additional tankers were reported to be following from the Arabian Gulf area, as movement of commercial vessels continued through the key shipping route.
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US extends waiver for sanctioned Russian oil purchase as global prices fall
US extends waiver for sanctioned Russian oil purchase as global prices fall The US Department of the Treasury issued a waiver allowing the delivery and sale of sanctioned Russian crude as the administration seeks to ease prices during the war involving Iran, CNN reported. The licence applies to Russian crude and petroleum products loaded on vessels as of 17 April and authorises shipments through 16 May, after a previous waiver expired on 11 April. Treasury Secretary Scott Bessent had earlier said the administration would not renew the licence.
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Oil prices retreat while stock indices surge following US-Iran ceasefire
New Delhi [India], April 18 (ANI): Global stock markets saw oil prices drop, and stock indices soar on Saturday as investors relaxed post US-Iran ceasefire, easing immediate concerns over energy supply stability. Market data indicated a sharp correction in the commodities sector alongside a robust rally across major equity benchmarks. Brent Crude recorded a significant decline of 7.
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"Shameful, 180-degree reversal": US Senate Democrats slam Trump administration for extending waiver on Russian oil
Washington DC [US], April 18 (ANI): Senior Democratic lawmakers in the US Senate on Friday (local time) sharply criticised the Trump administration for extending a waiver that allows the continued sale of sanctioned Russian oil, calling the move a 'shameful' policy reversal.
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21 ships turned back to Iran since US blockade began, says CENTCOM
Washington DC [US], April 18 (ANI): The United States Central Command (CENTCOM) on Saturday said that 21 vessels have been compelled to turn back toward Iran since the United States initiated a naval blockade targeting access to Iranian ports amid diplomatic engagements in order to achieve a complete solution to the hostilities in the region.
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Won't impose 'traditional fees' on passage of ships through Hormuz, says Iran: Reports
Tehran [Iran], April 18 (ANI): Iran has said that it will not impose 'traditional fees' on ships passing through the Strait of Hormuz, but is considering a new framework tied to security coordination, according to Al Jazeera.
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US extends waiver allowing sale of sanctioned Russian oil amid energy market turmoil
Washington DC [US], April 18 (ANI): The US Treasury Department has issued a fresh temporary waiver permitting the sale and transport of sanctioned Russian oil stranded at sea, in a move aimed at stabilising global energy markets shaken by the ongoing West Asia conflict.
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Asian markets fall as conflicting US-Iran messages creates uncertainty
Asian markets fall as conflicting US-Iran messages creates uncertainty Asian stock markets opened lower in early trading a day after a record rally on Wall Street, as uncertainty grew over the Strait of Hormuz. Japan’s Nikkei 225 fell 1. 75%, while Hong Kong’s Hang Seng Index dropped 0.
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Tehran says ship passage to require coordination, not standard fees
Tehran says ship passage to require coordination, not standard fees Iran will not impose “traditional fees” on ships passing through the Strait of Hormuz, Al Jazeera Arabic reported. Ebrahim Rezaei said parliament is preparing a draft law to set fees related to “securing the strait” and that passage would be exclusively through coordination with Iranian authorities, the report said. He added that hostile military vessels, especially from the United States and Israel, would not be allowed to pass, while friendly vessels could do so with prior coordination, and said Iran rejects any American role in managing or securing the waterway.
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"We're going to take it back home to the US": Trump reiterates to take enriched uranium despite Iran's denial
Arizona [US], April 18 (ANI): US President Donald Trump on Friday (local time) reiterated that the United States will take enriched uranium from Iran as part of ongoing negotiations, even as Tehran strongly denied any agreement to transfer nuclear material. While speaking at the Turning Point USA event here, Trump said the operation would be carried out jointly with lots of excavators.
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Oil prices fall, Wall Street hits record as Iran reopens Hormuz
Oil prices fall, Wall Street hits record as Iran reopens Hormuz Oil prices fell sharply and Wall Street rallied to a record after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude, Associated Press reported. The S&P 500 jumped 1. 2% Friday, while the Dow Jones Industrial Average rose by as many as 1,100 points before closing up about 870 points, or 1.
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Iraq resumes southern oil exports after month-long halt due to Hormuz disruption
Iraq resumes southern oil exports after month-long halt due to Hormuz disruption Iraq resumed southern oil exports on Friday after a halt of more than a month caused by disruptions to shipping through the Strait of Hormuz, with one tanker beginning to load crude, four energy sources said. The Malta-flagged tanker Agios Fanourios I has anchored off Iraq's southern oil terminals and is set to load about two million barrels of Basra crude, Iraqi ports and energy sources said on Friday. The vessel entered the Gulf via the Strait of Hormuz on Wednesday, in a second attempt to transit the waterway after being among several tankers that tried to enter on Sunday during the US-Iran ceasefire, the data showed.
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The Hormuz get out of jail card turned to a grave
For decades the IRGC relied on its ability to threaten closure of the Strait of Hormuz as its premier economic shield and golden get out of jail card.
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Iran warns of reciprocal action if US blockade on its ports continues
Tehran [Iran], April 18 (ANI): Iran has warned that it will take reciprocal measures if the United States continues its maritime blockade targeting Iranian ports, even as it outlined conditions for shipping through the Strait of Hormuz, Al Jazeera reported.
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UAE welcomes IMO's Legal Committee decision condemning Iran over Strait of Hormuz actions
Abu Dhabi [UAE], April 18 (ANI): The United Arab Emirates has welcomed the decision of the International Maritime Organization's (IMO) Legal Committee, adopted during its 113th session, which strongly condemned Iran's closure of the Strait of Hormuz, along with its attacks and threats against ships
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Iran to impose fees on ships permitted to cross Strait of Hormuz, negotiator says
Iran to impose fees on ships permitted to cross Strait of Hormuz, negotiator says Some commercial ships will be permitted to cross the Strait of Hormuz, but only after paying fees, the ISNA news agency reported, citing an official. Mahmoud Nabavian, a member of Iran’s negotiating team, linked the opening of Hormuz to the ceasefire in Lebanon.
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"Blockade will remain": Trump keeps pressure on Iranian ports despite Hormuz reopening
Washington, DC [US], April 17 (ANI): US President Donald Trump has declared that the American naval blockade of Iranian ports will persist until a comprehensive peace agreement is finalised with Tehran, despite Iran's move to restore access to the Strait of Hormuz.
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UN chief welcomes Hormuz reopening, urges full freedom of navigation
UN chief welcomes Hormuz reopening, urges full freedom of navigation Secretary general Antonio Guterres on Friday welcomed Iran's agreement to stop blocking the Strait of Hormuz and urged full freedom for shipping through the crucial waterway. "The secretary-general considers this a step in the right direction. The United Nations' position remains clear: we need the full restoration of international navigational rights and freedoms in the Strait of Hormuz to be respected by all parties," Guterres' spokesman, Stephane Dujarric, said.
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Brent crude crash 11% as Hormuz reopening ends supply chokehold fears
New Delhi [India], April 17 (ANI): Global energy markets experienced a dramatic correction on Friday as oil prices nosedived following the announcement that Iran has fully reopened the Strait of Hormuz. The move effectively dismantled the 'war-risk' premium that had gripped the market during the recent high-stakes standoff between Washington and Tehran.
