The International Energy Agency (IEA) is set to hold an informal meeting on Wednesday to discuss a proposed release of oil and diesel stocks, according to two EU diplomats. The talks come as record-high diesel prices raise concerns for trucking, agriculture and industries around the world. The G7 agreed last week to a proposed release […]
Oil tanker movements slowed sharply near the Strait of Hormuz as vessels began steering clear of the key shipping route ahead of a planned U.S. blockade targeting Iranian ports. Shipping data showed two Iranian-linked tankers exiting the Gulf just before the restrictions were due to take effect, while others hesitated or altered course amid rising […]

