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Chinese refineries have become hooked on cheap imports of sanctioned Iranian crude.
Tanker rates for vessels carrying refined oil products from the Middle East have surged in recent days, as the exchange of fire between Israel and Iran makes hauling fuel through the Strait of Hormuz ...
In case the Israel-Iran conflict targets oil facilities, the global economy could suffer deeply. India, which imports 85% of its oil, would be vulnerable to supply shocks ...
(Alliance News) - Stocks were called higher in London on Monday as the conflict between Israel and Iran continues.
While the damage appears limited to Iran’s domestic supply, the targeted gas processing facilities are linked to offshore oil production sites, potentially threatening broader energy flows. US crude ...
The country’s exports mostly come from Kharg Island in the Persian Gulf. But Israel’s energy facilities are also at risk.