According to HD Hyundai Oilbank, a major South Korean petroleum and refinery company, the Malta-flagged vessel named Odessa reached waters near the port city of Seosan on Friday morning, concluding a ...

An LNG carrier’s passage was coordinated by the ship’s charterer, according to South Korea’s Ministry of Foreign Affairs ...

Analysts say a growing number of ships are escaping the strait using a risky route close to Oman's coastline, turning off ...

Oil futures declined $5.89 a barrel Wednesday to $98.26 after three tankers passed through the Strait of Hormuz and President Trump suggested the war with Iran could be winding down. Benchmark U.S.

Oil tanker traffic through the Strait of Hormuz may not return to prewar levels even if the U.S. and Iran reach a deal. Ship traffic in the Red Sea, for example, plummeted in early 2024 due to Houthi ...