Saudi Arabia's crucial East-West oil pipeline, currently its only outlet for crude exports, was hit in an Iranian attack and other facilities in the kingdom were also targeted, an industry source told Reuters on Wednesday.

Following the announcement of a two-week ceasefire between the United States and Iran and a partial reopening of the Strait of Hormuz, shipping industry leaders say vessels trapped inside the Persian Gulf are eager to leave – but will likely wait for clearer instructions before making a move.

Shipowners are rushing to understand the fine print of a US-Iran ceasefire that could temporarily unblock the Strait of Hormuz, potentially opening an exit for more than 800 vessels trapped in the Persian Gulf.

Maersk MAERSKb.CO said on Wednesday the two-week ceasefire agreed between the U.S. and Iran could open some opportunities for vessels in the Strait of Hormuz, but did not yet provide enough security certainty to resume normal operations.

The United States and Iran have agreed to a temporary ceasefire and partial reopening of the Strait of Hormuz, marking the first concrete diplomatic breakthrough since the waterway’s disruption triggered...

The United Nations Security Council failed Tuesday to pass a Gulf-backed resolution aimed at protecting commercial shipping through the Strait of Hormuz, after Russia and China vetoed the measure—laying bare...

U.S. President Donald Trump threatened that "a whole civilization will die tonight" as Iran showed no sign of accepting his ultimatum to open the Strait of Hormuz by Tuesday evening.

Talks between the United States and Iran were at risk of being derailed following Tehran's attacks on Saudi Arabian industrial facilities, two Pakistani sources with knowledge of the discussions told Reuters on Tuesday, as the hours before President Donald Trump's threat to unleash "hell" on the nation dwindled.

A container vessel was struck by an unidentified projectile in the Gulf, about 25 nautical miles south of Iran’s Kish Island, causing damage above the waterline but no injuries to crew, United Kingdom Maritime Trade Operations (UKMTO) Center said on Tuesday.

The Kremlin said on Tuesday there were a huge number of requests for Russian energy from a range of different places amid a grave global energy crisis that was shaking the foundations of the oil and gas markets.

Oil prices rose on Tuesday ahead of a deadline set by U.S. President Donald Trump for Iran to open the Strait of Hormuz or face attacks on power plants and other infrastructure.

Russian crude prices rose to the highest in more than 13 years as Moscow benefited from the Iran-linked global oil rally.