It is not clear who attacked the tanker, Stena Imperative. Its U.S. operator, Crowley, described “aerial impacts” and said that a fire on board was quickly extinguished.
Strikes on sites in Qatar and Saudi Arabia forced the closure of key production facilities and added to growing worries about global oil and gas supplies.
Strikes on sites in Qatar and Saudi Arabia forced the closure of key production facilities and added to growing worries about global oil and gas supplies.
Higher fuel prices and lower demand for international flights are expected to eat into airlines’ profits.
How long prices remain high will depend on what the United States, Israel and Iran do next.
The cartel pledged to increase output by 206,000 barrels a day from next month, and said that members would “closely monitor and assess market conditions.”
One of the world’s most vital maritime arteries saw a 70 percent drop in vessel traffic.
Having reshaped the company, Sultan Ahmed Al Jaber wants to expand internationally, particularly in natural gas, chemicals and renewables.
Iran’s extensive military abilities and network of regional proxies could draw the United States into a prolonged conflict.
Chevron has signed an initial agreement to start working in Syria, weeks after the Syrian government seized control of key oil and gas fields in the north of the country.