Omani Transport Minister says no fees can be imposed on the Strait of Hormuz according to the signed agreements
The statement from the Omani Transport Minister reinforces the legal framework surrounding the Strait of Hormuz, suggesting that any fees on passage are off the table.
China's CXMT plans to mass-produce 12-high HBM next year after starting HBM3 8-high mass production this year, according to industry sources cited ET News
[MARKET ANALYSIS] Energy slumps as US-Iran secure a temporary ceasefire ahead of deadline
Omani Transport Minister says no fees can be imposed on the Strait of Hormuz according to the signed agreements
China’s Foreign Minister Wang Yi will visit North Korea on Thursday for a two-day trip at Pyongyang’s invitation, his first since September 2019, SCMP reports
Explosions heard at the Lavan oil refinery (50k BPD) in Iran, Mehr reports; origin of the explosion is not known
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This may ease tensions over potential shipping costs, providing a stabilizing effect on oil markets and reducing concerns for maritime security which could influence pricing and geopolitical risk perceptions.
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