Oil prices fell more than 1% on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures LCOc1 fell $1.09, or 1.4%, to $76.81 a barrel and U.S. West Texas Intermediate CLc1 declined to $72.99 a barrel, down 87 cents, or 1.2%, as of 0607 GMT.
Spot premiums for crude and some refined products in Asia, Europe and Africa have fallen back following a U.S.-Iran deal to end the Middle East conflict, though caution about how soon normal shipping can resume is providing a floor for oil markets.Prices tumbled across the board on Monday after U.S. President Donald Trump said a preliminary agreement had been signed.
Tourism in the Antarctic Peninsula is a niche but booming industry powered by deep-pocketed adventure-seekers travelling thousands of miles to marvel at penguin colonies and take "polar plunges" in sight of icebergs.But growing numbers of visitors bring risks including disease, invasive species and pollution to the delicate ecosystems of Antarctica and the remote sub-Antarctic islands that teem
Crosby Enterprises, LLC (the “Company”) announced that the Company filed chapter 11 cases for several of its subsidiary/affiliate units, Crosby Tugs, L.L.C., Crosby Dredging, L.L.C. and Crosby Marine Transportation, L.L.C., in the U.S. Bankruptcy Court for the Eastern District of Louisiana on March 23, 2026.
U.S. diesel exports to Europe hit an all‑time high in January after the continent strengthened its ban on imports of Russian-derived fuel, and as discounted Russian diesel displaced U.S. fuel in Brazil, data showed and analysts said.The developments show how Western sanctions, aimed at punishing Russia over its invasion of Ukraine, are reshaping markets, allowing U.S.
Odyssey Marine Exploration, Inc., a U.S.-based ocean exploration and marine resource development leader, received news that the Bureau of Ocean Energy Management’s (BOEM), a department of the U.S. Department of Interior (DOI), has initiated the formal review process for its unsolicited request for a potential marine mineral lease sale in federal waters offshore Virginia.
To advance President Trump’s national strategy for securing America’s critical mineral supply, the Bureau of Ocean Energy Management has initiated the process for a potential mineral lease sale in federal waters off the coast of Virginia. This action—only the third of its kind in over three decades—marks a step toward unlocking the vast mineral potential of the U.S.
HII executives toured Breaux Brothers Enterprises in Loreauville, Louisiana, and announced that construction of a prototype of ROMULUS, the company’s new unmanned surface vessel (USV) family, has reached 30% completion. The vessel remains on schedule for sea trials in the fourth quarter of 2026.
Odyssey Marine Exploration said on Friday it has sought U.S. regulators' permission to explore and mine mineral-rich sands off the Mid-Atlantic coast, as the country bolsters domestic supplies of materials vital for various industries.The site is believed to hold heavy mineral sands containing titanium, zirconium, rare earth elements and phosphate - materials vital to defense, electronics
The U.S. Navy has selected HII’s ROMULUS unmanned surface vessel to advance to the at-sea testing phase of the Medium Unmanned Surface Vessel (MUSV) program.Andy Green, executive vice president of HII and president of HII’s Mission Technologies division, said: “HII is proud that ROMULUS USV has advanced to the U.S.