China accepts Russian oil tankers and offers other payment methods

According to people familiar with the situation, Chinese refiners are paying for Russian crude oil via cash transfers to sustain imports from Russia's Fast East, since banks are unable to finance the oil due to sanctions.

Banks stopped funding Russian oil when the US and other natio...

Hijack Threat, Warned by UK

Amidst the tensions going on between Iran and the other powers of the world regarding the nuclear deal, the British Navy has warned the UAE waters and the Gulf of Oman about a potential ship hijack. Having blamed Iran for the drone attack on the oil tankers on the coast of Oman, resulting in the ...

Iran Oil tankers hit by missiles in UAE

Iran stated that one among its oil tankers had been hit by missiles near Saudi Arabia’s port town of Jeddah, inflicting an oil spill and reigniting issues regarding maritime security within the Gulf.

Iran’s oil tanker company, that owns the Sabiti tanker, said that two missi...