China traders cut back Iran iron ore purchases ahead of tariff hike
China has taken fewer shipments of iron ore from Iran over August and September, according to Refinitiv Eikon data, as additional export tariffs due to be imposed by Tehran have dampened risk appetites in the world’s biggest steelmaker.
More attacks ‘highly likely’ by Iran on shipping in Strait of Hormuz
The threat remains “highly likely” of more attacks by Iran on commercial shipping in the Strait of Hormuz according to the world’s largest war risk insurer, the Norwegian Shipowners’ Mutual War Risks Insurance Association (DNK).
US: Iran sanctions remove 2.7m barrels of oil a day from market
The United States has removed nearly 2.7 million barrels of Iranian oil from global markets daily as a result of Washington’s decision to reimpose sanctions on all purchases of Iran’s crude, US Secretary of State Mike Pompeo said on Tuesday.
Iran detention of tanker is ‘unacceptable and unjustifiable’: Stena Bulk
With the detainment of tanker Stena Impero and its crew by the Iranian authorities having now reached 19 days, owner of the ship Stena Bulk said on Tuesday that the situation remains “unacceptable and unjustifiable”.
Iran seizes foreign oil tanker for smuggling fuel
Iran said on Sunday that it has seized a foreign oil tanker and its seven crew members on suspicion of fuel smuggling activities, according to Iran’s state media.
BIMCO: Iran No. 1 Buyer of US Soya Beans
Iran has emerged as the biggest buyer of U.S. soya beans in the aftermath of trade tensions between China and ...
American Oil Boom Seen Tempting Ships to Steer Clear of Iran
The latest standoff between the U.S. and Iran may be leaving oil-tanker owners in more of a bind than in previous years.