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Tuesday
20
Oct 2026
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Athens 19°C

> Strait of Hormuz

> Strait of Hormuz

Oil: Drops below $90 after rally toward $120

Crude oil prices fell sharply on Monday shortly after trading closed, after Donald Trump, President of the United States, said he is considering the possibility that the U.S. could take control of the Strait of Hormuz

The first of Prokopiou’s five tankers exits the Strait of Hormuz fully loaded (upd)

The tanker Shenlong, carrying about 1 million barrels of Saudi crude, appears to have passed through the strategic passage while maritime traffic remains dramatically reduced by 91% due to tensions in the region

South Korea imposes a fuel price cap for the first time in 30 years due to the surge in oil prices

The rise in oil prices, due to the crisis in the Middle East, is pushing South Korea to take emergency measures

George Prokopiou: His ships defy the missiles in the Strait of Hormuz, as Onassis & Niarchos once did, writes the Wall Street Journal

In a feature on the Greek shipowner, the Wall Street Journal describes one of the boldest moves of his career, as his ships are among the very few sailing through the Strait of Hormuz

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