Latest updates on the Iran conflict with US military attacks, casualties, and regional tensions. Renewed sanctions evasion and rising oil prices impact global markets as the situation escalates.

Projectile strikes on two oil tankers came as the Houthis said it would blockade Saudi shipping, adding fresh uncertainty for vessels transiting the Strait of Hormuz and Red Sea.

By Jonathan Saul LONDON, July 20 (Reuters) - Oil transfers between tankers in waters outside the Strait of Hormuz have slowed following a wave of recent attacks on vessels by Iranian forces, according to satellite analysis and sources.

Data shows a decline in the number of ships - many carrying oil and gas - going through the waterway after attacks this week.

Since the U.S. blockade in the Gulf of Oman began last month, at least 13 tankers have offloaded Iranian oil in covert ship-to-ship transfers thousands of miles away, near a cluster of small islands in Indonesia known as the Riau Archipelago, according to ...

Evidence suggests the ship on which three Indian sailors died was not moving when it was struck in the Gulf of Oman, but it had been engaged in risky offshore transfers of oil.

More than half the world's sanctioned oil vessels run the risk of causing serious environmental harm, the Financial Times (FT) reported on May 31, citing leading ship recycler Anil Sharma. "Minimum one-third (should be scrapped), maybe more," Sharma, chief ...

Central Command released video of the armed Marines dropping from helicopters onto the M/T Wen Yao, a crude oil tanker previously sanctioned by the U.S.

Despite the largest oil supply shock in history, global oil demand is structurally declining, with the IEA projecting a 2026 demand contraction versus 2025. Spot crude prices spiked to $130/bbl, but futures trade lower, reflecting expectations of rapid ...

Pakistan, July 15 -- Two Iranian oil tankers carrying nearly one million barrels of crude oil have changed course toward Karachi after a reported US naval blockade. The move highlights growing disruption to regional shipping and escalating tensions around the Strait of Hormuz.