The UK is considering military action to seize tankers evading sanctions against Russia, targeting a 'shadow fleet' in its waters.

US crude hit its highest level since 2014 on May 21 on the back of mounting fears that Venezuela's oil output could drop further following the country's presidential election and potential sanctions on the OPEC-member nation

The World Trade Organisation (WTO) has approved of an American plan to impose tariffs on as much as US$7

The US Congress approved punishing new sanctions targeting Iran's energy and shipbuilding sectors, a day after President Barack Obama unveiled measures to cripple Tehran's nuclear drive.

HIGHLY sought after types of oil best suited to meeting the International Maritime Organization's mandate that caps the sulphur content of marine fuel at 0

HONG Kong-based company, Green Industries (Hong Kong) Ltd, owned by Hamed Dehghan, has been sanctioned the US Treasury Department's Office of Foreign Assets Control (OFAC) for its alleged role in the illegal transshipment of 'tens of millions of dollars' worth' of US-origin technology and electronic components to Iran

GREEN GREEN Industries (Hong Kong) Ltd has been sanctioned by the US Treasury Department's Office of Foreign Assets Control (OFAC) for its alleged role in the illegal transshipment of 'tens of millions of dollars' worth' of US-origin technology and electronic components to Iran

US SANCTIONS targetting Cosco for allegedly moving Iranian oil, has now tarred New York-listed Teekay LNG, which became a 'blocked person' because its partner, China LNG Shipping (Holding) (CLNG), is 50 per cent owned by COSCO Dalian