Asian liquefied natural gas imports fell the most in more than three years last month as the conflict in the Middle East choked supply and sent prices higher.

A fuel oil tanker chartered by QatarEnergy has been struck by a missile in waters off Qatar, marking a sharp escalation in maritime attacks and pushing the threat envelope closer to one of the world’s most critical LNG export hubs.

An oil tanker leased to state-owned QatarEnergy was hit by an Iranian cruise missile on Wednesday in Qatari waters, the defense ministry said.

China and Pakistan on Tuesday jointly proposed a five-point peace initiative calling for an immediate ceasefire and the rapid launch of negotiations to end escalating conflict in the Middle East, as both countries stepped up diplomatic efforts to defuse a widening regional crisis.

The United States has removed sanctions on three Russian-flagged vessels, including container ships Fesco Moneron and Fesco Magadan and the cargo ship Sv Nikolay, the Treasury Department said on Tuesday, in a move officials described as routine and not indicative of a broader change in Russia policy.

A Russian-flagged tanker carrying some 700,000 barrels of crude docked in Cuba's Matanzas oil terminal on Tuesday, shipping data showed, marking the first significant oil delivery to the island since President Donald Trump's administration cut off its fuel supply.

The fate of the damaged tanker Arctic Metagaz remained uncertain as a Libyan-led towing operation pushed the vessel farther into the central Mediterranean, raising fresh questions about salvage plans, jurisdiction, and mounting weather risks.

Pakistan is considering options that include allowing other ships to ferry vital cargoes under its flag, after Iran said it would allow 20 of the nation’s vessels through the Strait of Hormuz — more than it currently has in the area.

Another Greek-controlled oil tanker has crossed the Strait of Hormuz, marking the fourth such voyage since hostilities in the Middle East began.

The International Chamber of Shipping (ICS) and the International Transport Workers’ Federation (ITF) have held urgent talks with Gulf State representatives as the maritime crisis in the Strait of Hormuz enters its fifth week,...

Three Chinese ships recently sailed through the Strait of Hormuz after coordination with relevant parties, a foreign ministry spokesperson told a regular daily press briefing on Tuesday, while calling for peace and stability in the Gulf Region.

European Union governments should prepare for a "prolonged disruption" to energy markets as a result of the Iran war, the bloc's energy chief has told countries' ministers ahead of an emergency meeting on Tuesday.