• 3 minutes Natural gas is crushing wind and solar power
  • 7 minutes OPEC and Russia could discuss emergency cuts
  • 11 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 46 mins So the west is winning, is it? Only if you’re a delusional Trump toady, Mr Pompeo, by Simon Tisdall
  • 40 mins Fight with American ignorance, Part 1: US is a Republic, it is not a Democracy
  • 8 hours Blowout videos
  • 10 hours Question: Why are oil futures so low through 2020?
  • 4 hours “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 7 hours Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 5 hours CDC covid19 coverup?
  • 13 hours The Arithmetic Of Fracking
  • 19 hours Charts of COVID-19 Fatality Rate by Age and Sex
  • 1 day Shorting Gold
  • 5 hours Who decides the Oil costs?
Chinese Refinery Run Rates Fall To 6-Year Low

Chinese Refinery Run Rates Fall To 6-Year Low

Chinese oil refiners have cut…

Two Abundant Elements That Could Create A Superbattery

Two Abundant Elements That Could Create A Superbattery

Generating electricity from thin air…

US And Allies Look To Provide Naval Escorts for Oil Tankers Through Persian Gulf

Royal Marines

Despite President Donald Trump’s insistence that countries should take responsibility for protecting its own oil tankers through the risky Persian Gulf after two tankers were attacked off the coast of Oman and after Wednesday’s incident where Iranian guard boards harassed a British tanker as it went through the Strait of Hormuz.

The Iranian Revolutionary Guards denied involvement in the hostilities.

US General Mark Milley said in a Senate hearing on Thursday that the US was crucial to ensuring that shipping lanes through the Gulf remained passable, adding that the US was indeed attempting to assemble a coalition to provide military naval escorts for commercial ships running through dangerous waters.

As for the timetable, Milley added that the plan would be developed within a couple of weeks.

President Trump had said at the end of June, following the first round of attacks on two oil tankers, that the United States would not protect shipping routes through the Strait of Hormuz for free.

“China gets 91% of its Oil from the Straight, Japan 62%, & many other countries likewise. So why are we protecting the shipping lanes for other countries (many years) for zero compensation,” President Trump said in a June tweet.

“All of these countries should be protecting their own ships on what has always been a dangerous journey. We don’t even need to be there in that the U.S. has just become (by far) the largest producer of Energy anywhere in the world! The U.S. request for Iran is very simple - No Nuclear Weapons and No Further Sponsoring of Terror!”

Today’s new comments indicates that Washington’s stance may have softened from the hard line President Trump took last month over the responsibility of the United States to ensure safe passage through the world’s most critical oil chokepoint.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News