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Asia-Pacific markets rise amid growing hopes that the Middle East conflict could soon end following Trump's comments and as oil prices cool.
On Cam: Iranian Drone Bombards UAE-Linked Ship In Hormuz; Video Captures Moment Of IRGC Attack The Times of India
Hormuz chaos nears month 3: Oil prices climb as tightened supplies squeeze fuel reserves The Times of India
Iran's newly-created strait authority discloses 'controlled maritime zone' at Hormuz The Economic Times
Back in March, the 32 member countries of the International Energy Agency (IEA) unanimously pledged a record-breaking release of 400 million barrels of crude oil from their Strategic Petroleum Reserves (SPR) shortly after Iran’s blockade of the Strait of Hormuz triggered oil price spikes, more than double the 182.7 million barrels released during the 2022 response to the Ukraine war. As usual, the United States shouldered the lion’s share of the release, committing to 172 million barrels. For the first batch, the Department of Energy…
U.S. crude oil plunges below $100 on U.S.-Iran optimism; three supertankers exit Hormuz Seeking Alpha
Iran’s self-declared Persian Gulf Strait Authority (PGSA) has published what appears to be the clearest geographic definition yet of the maritime zone it claims authority over in the Strait of...
The tanker crew gathered their courage and carefully navigated along a route designated by Iran, hugging the coastline and maneuvering their hulking vessel between island checkpoints through the Strait of Hormuz.
Roughly one-fifth of global LNG flows has been impacted by the Hormuz crisis. The cumulative losses in crude oil supply have topped 1 billion barrels since the start of March. Governments are rationing fuel and advising conservation. Some are already predicting a complete transformation of global energy consumption patterns. But these predictions are a bit premature. Earlier this month, the International Energy Agency warned in its monthly oil report that the world’s oil supply this year will be 3.9 million barrels daily lower than it was…
Three supertankers were crossing the Strait of Hormuz on Wednesday carrying oil bound for Asian markets, after waiting in the Gulf for more than two months with 6 million barrels of Middle East crude on board, while another was entering, shipping…
SCA - Adm. Rabiee witnesses the contract signing between Suez Canal Company for Modern Boats and NERI Group of Italy to export two new 80-ton bollard-pull TRACTOR-class tugboats. Suez Canal Authority
Spanish shipowner Ibaizabal Group has returned to the suezmax newbuilding market after more than a decade, with the tanker owner linked to a fresh order at China’s Hengli Heavy Industries. Multiple shipbuilding sources said the group’s tanker arm, Ibaizabal Tankers, has contracted at least two 158,000 dwt crude carriers at the Dalian-based builder for delivery …