Oil Retreats Five Percent as US-Iran Pause Raises Hope for Strait of Hormuz
Crude prices fell sharply after a weekend halt in hostilities, though shipping through critical Persian Gulf waterway remains far below normal levels
Every BriefAsia story tagged Strait Of Hormuz, newest first.

Crude prices fell sharply after a weekend halt in hostilities, though shipping through critical Persian Gulf waterway remains far below normal levels

Tanker strikes and Hormuz blockades push Dubai and Oman spot premiums past $12 per barrel, forcing Asian refiners to scramble for Atlantic and Russian barrels.

ASEAN foreign ministers cite international maritime law as Middle East tensions threaten energy flows and regional trade corridors

ASEAN foreign ministers prepare draft language on navigation freedom while grappling with energy shortages from the US-Iran conflict

U.S. president's announcement of new fee on cargo through critical Middle East waterway sends crude prices surging

Energy vessels increasingly navigate the southern channel of the critical shipping chokepoint, signaling fresh tension in the Gulf's busiest trade corridor.

The producer alliance pushes forward with supply increases despite ongoing disruptions from the Iran conflict, as Brent crude slides back to pre-war levels near $72 per barrel.