Rebecca Feng

A tiny flow of vessels, including some large oil and gas tankers, are making the dangerous transit with help from the U.S. military, in some cases turning off lights and automatic navigation systems.

Trafigura, one of the largest commodity traders in the world, reported a 173% year-on-year surge in net profit for the six-month period ending March 31. The Swiss commodities trader, which focuses on oil and metals, is one of the first to report results since the U.S.-Iran war began.CFO Stephan J

China imported 7.82 million barrels of crude a day in May, a 29% drop from the year earlier and the lowest monthly level in more than eight years. Traders say the deep decline in purchasing by the world's top importer has been a major factor keeping oil prices below $100 a barrel despite the months

Clues are emerging in the mystery of the missing three million barrels—the oil that China would normally be importing but isn’t now.

A sharp fall in China's crude oil imports during the Iran war has been instrumental in holding down oil prices and keeping the global economy humming.

The prospects for a peace deal, falling Chinese demand and some workarounds to the Strait of Hormuz closure have helped to stop the crude market from going haywire.

It could take several weeks for traffic through the thoroughfare to return to even half of prewar levels, with knock-on effects continuing for months.

Iran could earn more than $60 billion in annual sales, potentially helping to restore the regime’s economic lifeblood.

The “memorandum of understanding” signed by the U.S. and Iran is more likely to represent the opening of a release valve rather than a floodgate. Energy traders and executives say the market for oil and other key materials will remain tight for weeks, potentially months.As of this morning, traffi

Oil prices are tumbling on signs that traffic through the Strait of Hormuz is recovering. A total of 14 oil tankers crossed the maritime chokepoint on Tuesday and 27 on Monday, according to ship-tracking firm Kpler. This marks a small uptick from 37 tanker transits over the weekend and a recovery f