Industry executives said the loss of oil through the Strait of Hormuz is draining petroleum inventories to dangerously low levels.

There’s doubt massive tankers, once the backbone of global crude flows, will be returning in quite the same numbers to the Middle East.

It is unacceptable for ships to circumvent international sanctions, violate the law of the sea, and finance the war that Russia has been waging against Ukraine for more than four years,” Macron wrote.

The French navy has intercepted a sanctioned oil tanker that had sailed from a Russian port – the third known seizure in recent months.

Britain and France have intercepted a sanctioned Russian oil tanker suspected of flying a false flag in a joint operation in the Atlantic, Emmanuel Macron has said. The French Navy could be seen boarding the ship, named the ​ Tagor, in a video shared by the French president on Monday morning.

In this episode of Briefing Room, anchor Madhavdas G discusses two major geopolitical developments that could reshape global security dynamics. First, the United States military says it disabled the Botswana-flagged oil tanker M/T Lexie after the vessel allegedly ignored repeated warnings and continued sailing toward Iran's strategic Kharg Island oil terminal.

An oil tanker under major Japanese oil company Eneos Holdings Inc. arrived in Japan on Wednesday (June 3). The second vessel to do so after transiting the Strait of Hormuz since the start of the US-Israeli war against Iran,

Middle East tensions escalated after Iran fired missiles toward Kuwait and Bahrain and the US launched strikes on Iran's Qeshm Island. The exchange came as Washington and Tehran continued sending mixed signals on nuclear talks.