Sellers of Iranian oil to China are offering deeper discounts this month as they look to reduce inventories and as independent refiners slow their buying due to a jump in crude prices, traders and analysts said.

The firm building what will become the largest port in India plans to raise as much as 300 billion rupees ($3.5 billion) of debt, giving lenders an opportunity to invest in one of the cornerstones of Prime Minister Narendra Modi’s infrastructure overhaul.

The American Bureau of Shipping (ABS) has issued approval in principle (AIP) to HD Hyundai Heavy Industries (HHI) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for an innovative...

China’s largest shipping company is among the firms in talks to invest in a multinational consortium seeking to buy billionaire Li Ka-shing’s global ports, according to people familiar with the matter, in an effort to ease Beijing’s concerns over the controversial deal.

While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.

Iran’s oil exports have jumped since the nation came under attack from Israel on Friday, according to a firm that specializes in monitoring clandestine shipping. The Islamic Republic exported an average of 2.33 million barrels a day since June 13, according to data from TankerTrackers.com. That’s an increase off 44% compared with the year through June 12. The lion’s share of that oil comes from Kharg Island, home to a cluster of storage tanks that are critical infrastructure for Iran.

The European Union’s proposed ban on all Russian gas by the end of 2027 sets the stage for heated debate, with some member states nervous it will boost energy prices and cost companies millions of euros in legal fees.

Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, where electronic interference has surged during conflict between Iran and Israel, but there were no injuries to crew or spillage reported.

Norway's King Harald and Queen Sonja were visiting the main settlement on the strategically located Arctic archipelago of Svalbard on Monday, at a time of increased interest in the resource-rich polar region from the U.S., Russia and China.

Some oil tanker owners and managers have paused offering their vessels for Middle Eastern routes since Friday as they assess the risks from Israel’s conflict with Iran, fueling concerns over export flows from the region.

By Andrei Khalip and Simon Jessop LISBON, June 11 (Reuters) – Portugal said on Wednesday it was creating a new protected marine area around the Gorringe Ridge in the Atlantic Ocean that includes Western Europe’s tallest...

DOHA, June 15 (Reuters) – Israel struck an installation at Iran’s South Pars gas field on Saturday, the first attack on Iran’s oil and gas sector as part of what the Israeli...