oil terminal

  • Outgoing President Hassan Rouhani has said Iran opened its first oil terminal in the Gulf of Oman, a move that will allow it to avoid using the Strait of Hormuz shipping route that has been a focus of regional tension for decades.

  • Iran said on Monday that it is on track to create a new oil terminal on Persian Gulf that would open a new export route for its crude and allow tankers to bypass the strategic Strait of Hormuz.