Treasury Secretary Scott Bessent said the United States is allowing Iranian oil tankers to move through the Strait of Hormuz as part of an effort to stabilize global supply and prices. “We are seeing ​more and more of the fuel ships start ⁠to go through.

By Ariba Shahid KARACHI, March 16 (Reuters) - Ship-tracking data shows a Pakistan-bound oil tanker passing through the Strait of Hormuz over the weekend, indicating that some countries are able to negotiate safe passage for their vessels despite the U.

A New Jersey-based global shipping company owns a cargo ship that was attacked in the Persian Gulf this week, leading to one crew member’s death, company officials said. Safesea Group, which is headquartered in Piscataway,

Although President Trump said seizing tankers would be a financial boon, the cost of maintaining just one aging ship has already reached $47 million.

At least one person is dead and two oil tankers are ablaze in the Persian Gulf after a suspected Iranian attack on the vessels. Explosive-laden Iranian boats reportedly struck the two tankers on Wednesday,

By Jarrett Renshaw and Timothy Gardner WASHINGTON, March 3 (Reuters) - The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, President Donald Trump said on Tuesday,

More than a dozen oil tankers, cargo and other commercial ships have been attacked in the Persian Gulf since the U.S.-Israeli war against Iran began nearly two weeks ago.

A flotilla of at least 25 supertankers is heading to Saudi Arabia’s Red Sea port of Yanbu as the kingdom races to get its oil to market after the Iran war halted shipping through the Strait of Hormuz.

The remains of the SS Selma, made of concrete, sits abandoned in the waters outside Galveston.

Russia's shadow fleet conducts $29.3 million oil transfer amid Middle East conflict escalation, according to maritime intelligence firm Windward.