Daily Archives: May 26, 2019

Iran could block Strait of Hormuz if US deploys troops: Iraq oil minister

US troop deployments to the Middle East could provoke Iran to blockade the strategic Strait of Hormuz, causing chaos for global oil markets, Iraq’s oil minister warned Saturday.

US President Donald Trump announced on Friday he had approved the deployment …

IMO 2020: Tanker Market Upswing Not So Straightforward

The expectancy of a tanker market upswing, as a result of increased demand for low-sulphur fuels ahead of the IMO 2020 rule, while reasonable enough, isn’t going to be as simple as one might expect. In its latest weekly market …

Kuwait raps criminal attack on ships

Kuwait on Monday voiced its “strong condemnation” of vandalism acts that targeted four ships near the UAE territorial waters late Sunday.

A source at the Ministry of Foreign affairs, in a statement, branded the act as “criminal”, as it is …