Global Oil Trade

US & China - (Web Desk) - US officials said on Monday that the planned meeting between President Donald Trump and Chinese President Xi Jinping may be delayed because of the war between the United States and Iran. White…

On Friday, shipping companies announced new “War Risk Charges” following disruptions in the Strait of Hormuz. Normal containers will now face $1,500 in charges, while special containers are charged $3,500. Faisalabad Chamber of Commerce…

Strait of Hormuz - (Web Desk) - The Strait of Hormuz is one of the world’s most important oil transit routes and has often featured in regional power politics. Over the years, Iran has used the threat of closing this narrow waterway as…