3m ago UAE says Iran attacked two vessels in Strait of Hormuz The United Arab Emirates on Friday blamed Iran for attacks on two vessels linked to its state-owned oil company as they passed through the Strait of Hormuz a day earlier. Iran has imposed an effective blockade of the strait, frequently attacking commercial […]
Arquivos de Tag: oil
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Oil prices top of mind at the Calgary Stampede rodeo
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Oil prices top of mind at the Calgary Stampede rodeo – CBS News Watch CBS News The Calgary Stampede is the largest outdoor rodeo in the world. And with Alberta holding the fourth-largest proven oil reserve in the world, high oil prices are playing a part in the show. Ian Lee reports. Oil prices top […]
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Middle East oil producers seek Strait of Hormuz alternatives as the U.S.-Iran war escalates
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Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait. As Iran’s chokehold on the strait drags on and oil prices surge — to over $100 per barrel for Brent Crude […]
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Ukrainian drone attacks on Russian warehouses and oil depot kill at least 8, injure over 60
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Eight people were killed and more than 60 others were wounded in Russia by overnight Ukrainian drone attacks, Russian officials said Saturday. Kyiv’s forces are continuing their relentless aerial campaign against energy infrastructure and military targets inside Russia, aiming to undermine Moscow’s war effort and make Russians feel the consequences of the Kremlin’s all-out invasion […]
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Trump admin. to support heavy tariffs on Russian oil in effort to end Ukraine war, sources say
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The Trump administration will support a draft bill that would impose heavy financial penalties on purchasers of Russian oil, adding to economic pressure on Moscow, all in an effort to bring Russia’s four-year war on Ukraine to a close, sources told CBS News. GOP Sen. Lindsey Graham of South Carolina and Democratic Sen. Richard Blumenthal […]