Strait of Hormuz

Saudi Aramco cut November crude prices for Asian buyers to their lowest levels in six years, as record freight costs and regional disruptions reshape oil flows

Middle East crude exports climbed above pre-war levels on several days in late September, even as tanker attacks intensified in and around the Strait of Hormuz

The crude oil tanker was struck on its port side four nautical miles east of Oman on October 3, with all crew reported safe

A vessel was reportedly struck by a projectile in the Strait of Hormuz, adding to fears over global energy supplies after Saudi Arabia shut its vital East-West oil pipeline following a drone attack

The announcement comes as maritime tensions in the Gulf continue to escalate following renewed exchanges between Iran and the United States, including attacks on commercial and military vessels operating near the Strait of Hormuz

Iran added more ships it deems non-compliant and subject to fines, confiscation or detention if they try to sail through the Strait of Hormuz, according to a government website

Transits through the Bab el-Mandeb, another major maritime chokepoint in the Middle East, were also roughly little changed at 31 commodity vessels versus 29 the day before, Kpler data showed, but in line with the 10-day average

The move came after it had halted sales for weeks following attacks on its tanker fleet in the Strait of Hormuz during an escalation of the US-Iran conflict last month

Data shows just five commodity vessels transiting the strait on Saturday, with none registered for Sunday

Oil prices edged higher on Friday as US threats of an indefinite naval blockade of Iran renewed supply fears