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Oil tanker hit by projectile off Oman near Hormuz

Oil tanker hit by projectile off Oman near Hormuz Quantum Commodity Intelligence

Editorial Desk25 August 2026

EnergyIndustry news

Arabian Drilling set to kick off rig ops offshore Oman before quarter-end

Arabian Drilling, described as Saudi Arabia’s largest onshore and offshore drilling contractor by fleet size, has expanded its footprint in the Gulf Cooperation Council (GCC) with a multi-well assignment off the coast of Oman. The post Arabian Drilling set to kick off rig ops offshore Oman before quarter-end appeared first on Offshore Energy .

Editorial Desk25 August 2026

Oil & Fuel OilIndustry news

Oil Prices Fall as Iran Negotiation Hopes Return

U.S. sanctions pressure on Iran intensifies, but Pakistani mediation hopes push Brent back to $89. US Blockade Leaves Iran’s Oil Trade on Borrowed Time - The announcement of the Trump administration’s ‘Economic D-Day’ sanctions on Iran coincides with an overall slump in Tehran’s crude exports, choked off by the US Navy’s maritime blockade in the Gulf of Oman. - Iran’s August crude exports have so far been minimal compared to the 2025 average of 1.7 million b/d, averaging only slightly around 0.3 million…

Editorial Desk25 August 2026

Shipping & LogisticsIndustry news

Iran and Oman Unveil Framework for Future Management of Strait of Hormuz

Iran and Oman have unveiled a framework for restoring safe navigation through the Strait of Hormuz, including a temporary shipping corridor, joint mine-clearing operations and further talks over the future...

Editorial Desk25 August 2026