Oil flows through Strait of Hormuz nearly triple as US-Iran MoU expires without peace deal
Oil shipments through the Strait of Hormuz rose sharply during a 60-day memorandum of understanding between the United States and Iran, but the agreement has now expired without a peace deal. Trade intelligence data shows that about 374 million barrels of oil left the Gulf during the period, equal to roughly 6.1 million barrels a day. The increase came as the waterway remained under pressure from attacks on commercial shipping.The analysis says flows through the chokepoint nearly tripled compared with the period before the agreement was signed on 17 June, when exports averaged 2.3 million barrels a day. Even so,... [Continue Reading]
360LiveNews | 20 Aug 2026 09:30 LONDON
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Noontime News Recap: Ukraine under pressure as Gulf shipping attacks lift oil and UK inflation rises
Russian attacks killed at least five people and injured 11 in Ukraine on Wednesday, with one of the deadliest strikes hitting a bus in Kherson, while anti corruption pressure on President Volodymyr Zelenskyy also intensified as investigators widened probes into lawmakers and presidential advisers. 🔗 🔗Ukraine's anti graft agencies said they had uncovered an alleged laundering group involving a deputy head of the presidential office and other senior figures, adding to the political strain ahead of a parliamentary vote. 🔗Fresh attacks on ships in the Strait of Hormuz have raised alarm over one of the world's most sensitive waterways, with... [Continue Reading]
360LiveNews Recap | 19 Aug 2026 12:20 LONDON
