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Iran moves Strait of Hormuz service fee proposal forward

An Iranian parliamentary committee advanced a provision that would permit Tehran to collect service fees from vessels authorized to cross the Strait of Hormuz, according to Al Jazeera’s August 24 live coverage. The proposal covers navigation,…

Oil prices rise as U.S.-Iran agreement reaches deadline

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Oil prices moved higher on Aug. 17 after Iran said it would not discuss extending its two-month memorandum of understanding with the United States. Signed June 17, the agreement established a period for continued talks covering bilateral commitments…

Oil prices rise as Iran sets terms for Hormuz reopening

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Oil prices moved higher on August 10 as markets assessed Iran’s conditions for reopening the Strait of Hormuz. Brent crude futures for October traded at $84.11 per barrel at 7:30 GMT, up 0.7%, leaving the international benchmark roughly 16%…

Indian Oil raises spot crude buying to record share

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Bloomberg reports that Indian Oil Corp. sourced as much as 84% of its crude through spot-market purchases during the April–June quarter, compared with its usual approach of securing about half of its requirements through long-term contracts…

Iran moves Strait of Hormuz service fee proposal forwardAugust 26, 2026 - 6:30 am
Oil prices rise as U.S.-Iran agreement reaches deadlineAugust 19, 2026 - 6:30 am

News

Iran moves Strait of Hormuz service fee proposal forward

Oil prices rise as U.S.-Iran agreement reaches deadline

Oil prices rise as Iran sets terms for Hormuz reopening

Indian Oil raises spot crude buying to record share

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