The US House of Representatives on Sept. 16 passed comprehensive sanctions legislation targeting major purchasers of Russian oil and gas, clearing the way for the law to go to US President Donald Trump for his signature. The bill, which passed the House 262-159,...

Iran and Oman have almost finalised an agreement on a shipping corridor in the Strait of Hormuz, but this does not mean the strait will be reopened, said Hassan Ghashghavi, spokesperson for the Iranian Parliament’s National Security and Foreign Policy Committee,...

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, advanced for a second session on Friday, rising about 1% to 3,370 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore...