Ron Bousso

The Strait of Hormuz has emerged as the central battleground of the Iran conflict. The passage of a handful of oil and gas tankers in recent days, apparently with Tehran's consent, hints at tacit acceptance of its control. This foreshadows a more dangerous phase in what is fast turning into a Hormuz war.

The physical oil market is in the eye of the storm - a deceptive calm after the initial scramble to cope with the biggest oil crisis in history. The blow from the Iran war has been cushioned so far by a dramatic pullback in China’s purchases and a surge in U.S. exports. But with the peak demand season looming, this delicate balance may not hold ​for long.

With the Hormuz blockade now in its 13th week, there are growing signs that major Asian importers are adapting to the new reality by striking direct arrangements with Gulf producers

THE US dollar-dominated global oil trading system is being tested by the Iran war and the closure of the Strait of Hormuz, as governments in major

The oil industry has shown remarkable resilience in the face of the largest energy supply shock in modern history, pulling multiple levers to cushion the blow of the Iran war. But barring a breakthrough in peace talks, the global market may be only months away from a breaking point.

THE United States dollar-dominated global oil trading system is being tested by the US-Israeli war on Iran and the closure of the Strait of Hormuz, as

The sudden ousting of BP Chairman Albert Manifold over allegations of misconduct less than eight months after he took office plunges the British energy giant into its second leadership scandal in less than three years. These repeated ​leadership misfires suggest BP’s board is quickly becoming a liability.

LONDON May 26 (Reuters) - The sudden ousting of BP Chairman Albert Manifold over allegations of misconduct

The sudden ousting of British Petroleum (BP) chairman Albert Manifold over allegations of misconduct less than eight months after he took office plunges the British energy giant into its second disappointing leadership scandal in less than three years.