Close to a dozen US-sanctioned tankers are idling off Malaysia with Iranian crude, with some having been stationed in the oil-transfer hub for more than a month — possible sign of slowing logistics ...

In 2000, the Persian Gulf countries (Bahrain, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates) produced nearly 28 percent of the world's oil, while holding 65 percent of the ...

It began with an air assault and continued on the ground. Iraq released millions of barrels of oil into the Persian Gulf. The spill covered an area 100 miles by 40 miles and was five inches thick ...

Nonetheless, both regions have seen an increase in dayrates, even in 2008 and early 2009, when commodity prices for oil and natural gas dropped. Looking at Persian Gulf rig activity and dayrates ...

The Strait of Hormuz, a narrow waterway at the mouth of the Persian Gulf, is rarely far from the center of global tensions. A ...

The islands, he noted, dominate the Strait of Hormuz—a chokepoint for 30% of global seaborne oil trade—and serve as “Iran’s point of dominance over the Persian Gulf’s entrance and exit routes.” ...