Sanctions
Washington Readies New Iran Sanctions and Presses China Over Hormuz
Scott Bessent has promised the toughest sanctions in history against Iran and called on China, which took over 80% of Iran's shipped oil in 2025, to help reopen the Strait of Hormuz.
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Dark fleet
Covert Hormuz Crossings Are Holding Global Oil Prices in Check
Middle Eastern producers are shuttling crude out of the Persian Gulf undetected and transferring it to tankers in the Gulf of Oman, keeping Brent between $80 and $90 through August.
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Industry
Iranian Bill To Bar US And Israeli Ships From Hormuz Lifts Oil Prices
Oil prices rose more than three dollars a barrel after reports that an Iranian parliament committee is reviewing a bill to bar American and Israeli vessels from the Strait of Hormuz.
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