All articles tagged with #oil and gas transportation
The U.S. Central Command said it struck three Iranian oil tankers in retaliation for Iran’s missiles toward two U.S. Navy ships, disabling two tankers off Kharg Island and Jask and destroying a third in the Gulf of Oman.
Gas prices in the U.S. fell to an average of $3.99 per gallon, slipping under $4 for the first time in months after a memorandum signed by Trump and Iran signaling the Strait of Hormuz could be opened to commercial traffic and the blockade on Iranian ports lifted. While the move could ease some energy costs, analysts warn it will take time to restore normal shipping through the strait and to translate into sustained price relief.
Gas prices in the U.S. rose above $4 a gallon for the first time since 2022, with the national average around $4.01 as oil costs climb amid the Iran conflict; a Kuwaiti-flagged tanker was struck near Dubai, underscoring continued energy-market volatility.