Iraq could restore oil production within two months VnExpress OPEC's second largest oil producer expects to return to pre-conflict output soon, depending on traffic flow through the Strait of Hormuz.
Oil tanker traffic through the Strait of Hormuz increases VnExpress At least 20 oil tankers have transited Hormuz since the US and Iran reopened the strait, according to commercial data firm Kpler.
India protests US after Gulf attacks on ships carrying Indian sailors VnExpress New Delhi twice summoned US deputy chief of mission after US airstrikes struck three vessels with Indian crew members.
Risk of oil prices soaring as global reserves are depleted VnExpress Spot Brent crude oil prices could reach USD 150-160 per barrel soon if global oil inventories fall to unprecedented lows.
Iran's oil exports hit a 6-year low VnExpress Iran's oil exports in May plummeted to just 15% of the previous month's volume, partly due to a US blockade campaign.
US crude oil exports hit record high VnExpress Conflict in the Middle East continues to drive up US fuel demand, helping the nation's oil exports set new records in recent months.
US crude oil dips below 90 USD, gold price drops nearly 100 USD VnExpress Hopes for Iran to restore traffic through the Strait of Hormuz send oil prices down nearly 6%, while gold also hits a two-month low.
Gasoline prices in the US highest in four years VnExpress Middle East tensions push US gasoline prices to four-year high as summer approaches
How OPEC influences oil prices VnExpress For over 60 years, OPEC has regulated the global oil market by increasing or decreasing the production of the world's leading oil-producing nations.
