Strait of Hormuz

Oil prices surged, with Brent crude breaking above $100/bbl due to escalating Middle East tensions and supply risks.

Iran's military command warns of blocking all West Asian oil exports and targeting energy infrastructure if the US attacks.

Two Chinese supertankers carrying Saudi oil exited the Red Sea via the Bab el-Mandeb strait, navigating Houthi threats

Saudi oil tankers face a $5 million per shipment surcharge due to Houthi attacks forcing reroutes around Africa.

Ocean freight rates from South Asia to the US and Europe surged by 50% in two weeks due to capacity cuts and Hormuz tensions

Dubai crude oil prices have surged, raising inflation concerns for South Korea and increasing the likelihood of interest rate hikes

Wheat futures experienced mixed trading as Black Sea attacks raised supply concerns, balanced by profit-taking.

Attacks on Black Sea grain infrastructure have driven wheat prices to a two-year high, impacting global commodity markets

The IMO has strongly condemned recent Houthi attacks targeting international shipping in the Red Sea region.

Saudi Aramco is offering extra crude cargoes from Egypt's Sidi Kerir port due to Houthi threats in the Red Sea.

Marine insurance costs for southern Red Sea transits have doubled for some companies after recent Houthi attacks on a tanker

Former President Trump threatened military action against Iran after Houthi forces attacked Saudi oil tankers in the Red Sea.

Maersk adds a $1,000 per container surcharge for all cargo transiting the Strait of Hormuz, effective July 23, 2026

Kuehne+Nagel's airfreight revenue surged in Q2, fueled by Middle East conflict-driven rate increases and semiconductor demand

Four tankers carrying Kazakh crude oil were struck by drones in the Black Sea over a four-day period.

South Korea is considering the Suez Canal as an emergency crude oil import route if the Red Sea faces a full blockade.

El Niño is creating new risks for global agricultural markets, adding to ongoing disruptions in the Strait of Hormuz.

Oil prices climbed for a fifth straight session following Houthi militant attacks on Saudi tankers in the Red Sea.

Iran warns of regional oil sales halt if its exports are blocked, linking security to US forces' withdrawal

South Korea is bolstering its crude oil reserves in response to Red Sea and Black Sea maritime disruptions.

European natural gas prices are rising due to Middle East hostilities, sparking concerns over winter LNG supply security.

Rotterdam's port handled 212 million tonnes of cargo, with increased oil imports balancing reduced container traffic amidst global crises

A Saudi tanker was reportedly set ablaze in the Red Sea after a Houthi attack, escalating maritime security concerns.

The Houthi movement claims to have resumed direct attacks on commercial shipping, targeting two Saudi oil tankers.

Renewed tensions in the Strait of Hormuz are causing shipping companies to re-evaluate payment strategies for maritime operations

Abu Dhabi is investing $6.2 billion in the Umm Shaif gas development to boost production by over 600 million standard cubic feet per day.

The EU naval force has intercepted a Russian shadow fleet tanker, signaling increased enforcement against vessels suspected of false flags

Seafarers are increasingly exposed to geopolitical risks, a critical but often overlooked aspect of global supply chain operations.

Vessel routes in the Black Sea are now hugging coastal areas to evade drone attacks by Russian and Ukrainian forces

Ongoing tensions in the Middle East persist, leading to continued attacks on commercial vessels in the Strait of Hormuz.