Oil and gas industry

FILE - This Jan. 10, 2017 file photo shows British Airways planes parked at Heathrow Airport in London. On Saturday, July 20, 2019, British Airways said it is canceling flights to Cairo for a week for unspecified security reasons. (AP Photo/Frank Augstein, File)
July 20, 2019 - 8:48 pm
LONDON (AP) — British Airways and Lufthansa both said Saturday they were suspending flights to Cairo for unspecified reasons related to safety and security. The British carrier said it was canceling flights to the Egyptian capital for a week. The German airline said normal operations would resume...
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In this May 2, 2013 photo the Liberian-flagged oil tanker Mesdar is seen at an unknown location. British Foreign Secretary Jeremy Hunt confirmed Friday July 19, 2019 that Iran had seized one British, the Stena Impero, and one Liberian-flagged vessel, Mesdar, in the Strait of Hormuz. It was the latest escalation of tension in the strategic waterway that has become a flashpoint in tensions between Tehran and the West. (John Pitcher via AP) MANDATORY CREDIT
July 20, 2019 - 7:04 pm
Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a serious risk even without war, energy and maritime...
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A boy holding a Turkish flag watches as Turkish acrobatic jets fly, during a military parade celebration marking the 45th anniversary of the 1974 Turkish invasion in the Turkish occupied area of the divided capital Nicosia, Cyprus, Saturday, July 20, 2019. Cyprus was split into Greek Cypriot south and Turkish Cypriot north in 1974 when Turkey invaded in response to a coup by supporters of a union with Greece. (AP Photo/Petros Karadjias)
July 20, 2019 - 11:54 am
NICOSIA, Cyprus (AP) — Turkey's vice president said Saturday that his country is dispatching a survey vessel to join two drillships and another research boat to search for hydrocarbons off ethnically divided Cyprus. Turkey will "never submit" to sanctions imposed by the European Union over its...
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FILE - In this Thursday, July 4, 2019 file photo, a Royal Marine patrol vessel is seen beside the Grace 1 super tanker in the British territory of Gibraltar. Taken on its own, Iran’s seizure of a British-flagged oil tanker in the Strait of Hormuz may seem like a brazen act of aggression, a provocative poke in the nose to both Britain and its chief ally, the United States. But Iran seems to view the armed takeover of the Stena Impero as a carefully calibrated response to the July 4 taking of an Iranian supertanker off the coast of Gibraltar, an operation in which Britain’s Royal Marines played a major role. (AP Photo/Marcos Moreno, File)
July 20, 2019 - 9:10 am
LONDON (AP) — Taken on its own, Iran's seizure of a British-flagged oil tanker in the Strait of Hormuz may seem like a brazen act of aggression, a provocative poke in the nose to both Britain and its ally, the United States. But Iran seems to view the armed takeover of the Stena Impero as a...
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In this May 5, 2019 photo issued by Karatzas Images, showing the British oil tanker Stena Impero at unknown location, which is believed to have been captured by Iran. Iran's Revolutionary Guard announced on their website Friday July 19, 2019, it has seized a British oil tanker in the Strait of Hormuz, the latest provocation in a strategic waterway that has become a flashpoint in the tensions between Tehran and the West. (Basil M. Karatzas, Karatzas Images via AP) MANDATORY CREDIT
July 19, 2019 - 8:56 pm
LONDON (AP) — Iran seized a British-flagged oil tanker Friday and briefly detained a second vessel in the Strait of Hormuz, intensifying tensions in the strategic waterway that has become a flashpoint between Tehran and the West. The seizing of the British tanker marked perhaps the most significant...
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In this May 2, 2013 photo the Liberian-flagged oil tanker Mesdar is seen at an unknown location. British Foreign Secretary Jeremy Hunt confirmed Friday July 19, 2019 that Iran had seized one British, the Stena Impero, and one Liberian-flagged vessel, Mesdar, in the Strait of Hormuz. It was the latest escalation of tension in the strategic waterway that has become a flashpoint in tensions between Tehran and the West. (John Pitcher via AP) MANDATORY CREDIT
July 19, 2019 - 8:02 pm
Recent seizures and attacks aimed at oil tankers in the Strait of Hormuz will raise insurance rates for shipping companies and, if unchecked, reduce tanker traffic in the vital waterway, according to energy experts. Britain's foreign secretary said Iranian authorities on Friday seized two ships,...
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In this undated photo issued Friday July 19, 2019, by Stena Bulk, showing the British oil tanker Stena Impero at unknown location, which is believed to have been captured by Iran. Iran’s Revolutionary Guard announced on their website Friday July 19, 2019, it has seized a British oil tanker in the Strait of Hormuz, the latest provocation in a strategic waterway that has become a flashpoint in the tensions between Tehran and the West. (Stena Bulk via AP)
July 19, 2019 - 7:34 pm
TEHRAN, Iran (AP) — The Latest on developments related to tensions between the U.S and Iran (all times local): 4 a.m. Energy experts say recent seizures and attacks aimed at oil tankers in the Strait of Hormuz will raise insurance rates for shipping companies and, if unchecked, could reduce tanker...
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A Chinese man monitors stock prices at a brokerage in Beijing on Friday, July 19, 2019. Asian shares rebounded Friday on hopes for progress in trade talks between China and the U.S., extending overnight gains on Wall Street. (AP Photo/Ng Han Guan)
July 19, 2019 - 7:06 am
BANGKOK (AP) — The price of oil rose on Friday after the U.S. said it had destroyed an Iranian drone near the Persian Gulf, where a lot of the world's oil is shipped through. Stock markets were largely stable as investors monitor earnings and the ongoing trade talks between China and the U.S...
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President Donald Trump calls to the media as he waits to greet Dutch Prime Minister Mark Rutte as he arrives at the White House in Washington, Thursday, July 18, 2019. (AP Photo/Carolyn Kaster)
July 18, 2019 - 11:27 pm
WASHINGTON (AP) — A U.S. warship on Thursday destroyed an Iranian drone in the Strait of Hormuz after it threatened the ship, President Donald Trump said. The incident marked a new escalation of tensions between the countries less than one month after Iran downed an American drone in the same...
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Iran's Foreign Minister Javad Zarif addresses the High Level Political Forum on Sustainable Development, at United Nations headquarters, Wednesday, July 17, 2019. (AP Photo/Richard Drew)
July 18, 2019 - 3:56 pm
NEW YORK (AP) — Iran and the United States were only "a few minutes away from a war" after Iran shot down an American spy drone last month, Iran's foreign minister said Thursday, but the diplomat said he remains hopeful that escalating tensions might somehow be resolved. In a wide-ranging...
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