Strait of Hormuz

Russia has rejected a Ukrainian proposal for a Black Sea ceasefire aimed at safeguarding commercial shipping.

Oil prices rose, set for a weekly gain, after a vessel attack in the Strait of Hormuz created supply flow uncertainty

The UAE condemned a UAV attack on two ADNOC and Navig8 tankers in the Strait of Hormuz, raising maritime security concerns

Ukraine has proposed a Black Sea truce to Russia, suggesting both sides cease attacks on civilian maritime targets.

Xeneta's market update reveals the Middle East conflict's expanding impact on long-term ocean freight contracts and capacity.

Trade data shows no significant changes in shipping traffic through the Strait of Hormuz and Bab el-Mandeb.

The US military has enough assets to indefinitely maintain a naval blockade of Iran, according to Defense Secretary Pete Hegseth

Maersk's bunker fuel costs climbed by 9.9% to $3.5 billion in H1 2026, influenced by crude oil prices and Middle East supply.

Norden reported a $100.8 million net profit in Q2 2026, overcoming $30 million in Persian Gulf conflict-related costs.

Oil prices held steady despite US-Iran deadlock and a drone attack on Russia's Novorossiysk port.

Ambrey is undertaking the salvage of the tanker Caroline Bezengi, adrift off Oman with Russian oil onboard

Istanbul Airport became Europe's busiest cargo hub in H1, with volumes up 10.8% to over 1m tonnes, partly due to Iran War.

DP World's Jebel Ali terminal experienced a 90.1% volume drop in Q2 following the Strait of Hormuz closure.

Hapag-Lloyd saw higher freight volumes and rates in Q2 2026, but the Strait of Hormuz crisis added $600M in costs

A closure of the Strait of Hormuz, coupled with supply chain issues and strong demand, has elevated container freight rates

Taiwan's military conducted an anti-blockade drill, simulating merchant ship escort, amidst increasing Chinese maritime pressure.

A Ukrainian attack on Novorossiysk's naval base and grain terminals forced operations to halt, impacting Black Sea trade

Regional conflicts in key maritime chokepoints are significantly impacting risk for shipowners and charterers, requiring charterparty…

The US EIA has raised its 2026 Brent crude oil price forecast to $87/barrel due to Strait of Hormuz shipping constraints

Houthi militants have reportedly targeted Saudi Arabian energy facilities and troops, escalating regional tensions and threatening crude…

Oil tanker freight rates from the Black Sea to the Mediterranean have hit record highs due to recent drone attacks

Saudi crude exports from the Red Sea are increasingly untraceable as tankers disable tracking signals to evade Houthi attacks

Russia's President Putin warns of reciprocal actions if European countries seize Russian merchant vessels.

Ukraine has paused drone attacks on oil tankers using Russia's Novorossiysk port after a US request

ADNOC is offering to transport Iraqi crude oil exports through the Strait of Hormuz to Asian refiners.

The IEA forecasts a 1.8 million barrels per day oil supply deficit this quarter due to Middle East disruptions

Container capacity from East Asia to the Indian Subcontinent has fallen by 14% amid Red Sea and Strait of Hormuz disruptions

The IMO urges shipping to enhance Red Sea risk assessments after a fatal Houthi attack on the Tihamah vessel.

A cargo ship, TIHAMAH, was hit by a projectile off Yemen, causing several seafarer fatalities, prompting IMO condemnation

Wheat prices surged over 3% after drone attacks disrupted operations at a major Russian grain terminal in Novorossiysk.