New Concerns Over Oil Prices After Houthis Attack Saudi Tankers

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U.S. rescinds waiver permitting Iranian oil sales after Iran attacks tankers

The Trump administration on Tuesday revoked a waiver that allowed Iranian oil sales, a key source of revenue for the regime, after the Islamic Revolutionary Guard Corps attacked three tankers in the Strait of Hormuz.  The Treasury Department said that “General License X,” which was issued two weeks ago as part of an interim peace … Read more

U.S. launches strikes against Iran to retaliate for attacks on 3 tankers in Strait of Hormuz

Washington — U.S. forces began launching strikes Tuesday against Iran to retaliate for the regime’s attacks on commercial ships, U.S. Central Command said.  The retaliatory strikes are in response to attacks by the Islamic Revolutionary Guard Corps over the past two days on three commercial vessels that were traveling through the Strait of Hormuz.  “Iran’s … Read more

Oil tankers pass the Strait of Hormuz despite Iran threats as traffic slowly picks up and oil prices fall

Secretary of State Marco Rubio, touring Gulf nations in an effort to reassure U.S. allies over the deal, said Thursday the waters of the Strait of Hormuz “do not belong to any station state.” But Iran’s navy blasted the route laid out by the International Maritime Organization (IMO), a U.N. agency that oversees shipping at … Read more

Iran warns the US against attacks on its oil tankers and other ships but ceasefire appears to hold

DUBAI, United Arab Emirates — Iran’s Revolutionary Guard navy on Saturday warned that any attack on Iranian oil tankers or commercial vessels would be met with a “heavy assault” on one of the U.S. bases in the region and enemy ships, even as a tenuous ceasefire appeared to be holding. Iranian state TV reported the … Read more

Iran attacks oil tankers in Strait of Hormuz

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Tankers, talks and Trump’s ‘dangerous’ blockade: China’s Iran war involvement gets louder

But Xi himself had not made substantial comments until Tuesday, when he said the international rule of law “must be safeguarded.” “It must not be selectively applied or disregarded, nor should the world be allowed to regress to the law of the jungle,” he said during a meeting in Beijing with Sheikh Khaled bin Mohamed … Read more

Iran’s ‘Tehran toll’ booth forces some tankers to pay millions to leave Strait of Hormuz

DOHA, Qatar — Call it the world’s most dangerous toll booth. Iran is forcing oil tankers to take a new route in the Strait of Hormuz through a narrow passage controlled by its Revolutionary Guard, with some ships charged millions of dollars to transit, according to maritime data shared with NBC News. The new system … Read more