Satellite monitoring of the ships shows that the tanker carrying Iraqi oil, which had transited the Strait of Hormuz with Iran's permission, has been returned by the US Navy, Fars reports

This headline indicates a notable geopolitical development involving oil supply security, as the US Navy's return of a tanker with Iraqi oil may escalate tensions in the region.

Newsquawk StaffPublished 12 May 2026, 12:10 UTCOn the live feed at 11:50 UTC — 4 more headlines followed before this page went public

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11:52

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11:51

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11:50

Satellite monitoring of the ships shows that the tanker carrying Iraqi oil, which had transited the Strait of Hormuz with Iran's permission, has been returned by the US Navy, Fars reports

11:45

There is no absolute certainty that there was indeed a drone, and we do not rule out the possibility that the target was birds, regarding earlier interceptions over Israel's islets, Al Jazeera reports citing Israeli Army Broadcast

11:42

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Context

Given the strategic importance of the Strait of Hormuz for global oil supply, traders should monitor the implications for crude prices, particularly WTI, and potential ripple effects across energy markets. This situation could signal a heightened risk for further conflict or regulatory actions affecting oil flows.

Energy · last 90 days

Recent headlines that moved markets

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ENERGY/1 Sept · 16:17 UTC

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ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

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ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

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ENERGY/7 Sept · 10:54 UTC

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