Iran exempts ships from India, China, Iraq, Qatar from Hormuz restrictions

Iran exempts ships from India, China, Iraq, Qatar from Hormuz restrictions

Iranian lawmaker Amir Hayat-Moghaddam said the exemption for Indian vessels would facilitate medicine imports into Iran, while China's exemption was intended to secure Beijing's political support. Indian and Chinese vessels will still have to pay transit fees, while Qatari ships can pass without charges. 16 hours ago
Crude oil prices surge after strike on Saudi refinery

Crude oil prices surge after strike on Saudi refinery

Crude oil prices surged on Wednesday after Yemen's Iran-aligned Houthis claimed to have targeted Saudi Arabia's largest oil refinery, raising concerns over Middle East supply disruptions. Brent crude rose 1.36% to $115.43 a barrel, while US West Texas Intermediate gained 1.43% to $101.32. T 7 days ago