Brent crude rose 2.7% after the US turned down an Iranian offer to reopen the key shipping route in exchange for a pause in negotiations.
China calls for resuming dialogue between Washington and Tehran amid Iranian warnings of an escalating conflict, as debates on Gaza and climate continue on the sidelines of the General Assembly.
A commentary published by Al Jazeera argues that rising demand for Libyan hydrocarbons could benefit the country only if it adopts a new economic strategy.
A presidential official clarified that comments by South Korea's president on troop deployment should not be interpreted as a refusal of a request related to the Strait of Hormuz, according to a report by Anadolu Agency.
Al Jazeera reports that vessels are increasingly using Oman's Sohar port for ship-to-ship oil transfers as a workaround to a continuing blockade in the Strait of Hormuz, despite significant risks.
President Trump said he is weighing a major decision on Iran policy as a tanker was struck in the strategic Hormuz Strait.
Iran's Revolutionary Guard says its navy struck a U.S.-operated surface drone at the entrance of the Strait of Hormuz.
A cargo vessel was struck in the strategic waterway as Iran's leaders prepare talks with Gulf officials over control of the passage.