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Iran has threatened it won't allow “even a single liter of oil” destined for the U.S., Israel and their allies to pass through Strait of Hormuz.

The moves include issuing more individual licenses allowing foreign companies to work in Venezuela without violating U.S. sanctions.

Iran’s attacks on vessels and the threat of mines have cut traffic in the vital waterway to a trickle, effectively putting Tehran in charge of the flow.

For a second straight year, Tesla brought one of its battery-electric Semis to TMC, this time showcasing a model with a lower roof fairing.

The nationwide average retail price reached $5.044 a gallon on March 16, according to AAA, up by more than a third since the Iran conflict began. 

While rates are high, they signal that coverage is available for the few vessels still moving through the waterway. The question is whether shipowners are willing to make the transit.

The report — “Terrain, Technology, and Telematics: The Messy Middle Operations Report” — emerged from analysis of the results of NACFE’s latest Run on Less program in September.

After years of being antagonized by President Trump, U.S. allies in Europe and Asia are in no hurry to heed his demand that they send ships into a war he started and has claimed to have won.

Fears of a global energy crisis rose March 16 as the war in the Middle East raged on, with more U.S.-Israeli strikes on the Iranian capital and Israel's bombardment of Lebanon.

Brent crude traded near $100 a barrel following one of the most volatile weeks ever for the oil market, with investors bracing for more upheaval as Iran pledged to keep the Strait of Hormuz shut.