
IMO Council Condemns Attacks on Commercial Shipping, Upholds Navigation Rights
The IMO Council passed a resolution reaffirming freedom of navigation and condemning attacks on commercial vessels in international straits
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The IMO Council passed a resolution reaffirming freedom of navigation and condemning attacks on commercial vessels in international straits

Donald Trump has reiterated the possibility of the US asserting control over the Strait of Hormuz, a key shipping lane

Frankfurt Airport's cargo volumes grew 1% in H1, reaching one million tonnes, despite Middle East conflict and Lufthansa strikes
Saudi Arabia's Arabian Drilling has reactivated three offshore rigs that were temporarily suspended earlier in 2026.
The Strait of Hormuz closure is set to boost tanker ton-mile demand, with the US emerging as a key alternative oil supplier
US officials demand Iran publicly commit to ceasing attacks on commercial ships in the Strait of Hormuz after recent incidents
The Strait of Hormuz is experiencing full conflict conditions after US strikes on Iran and subsequent Iranian retaliation.
A tentative peace agreement in the Middle East has experienced a severe setback, signaling potential regional instability.

A drone attack has been reported on an offshore oil platform in Kuwait, raising regional security concerns.

Overnight strikes by Russia and Ukraine have targeted crucial grain export facilities in each country, following earlier disruptions
US forces struck over 300 Iranian military targets after an alleged attack on a commercial vessel in the Strait of Hormuz

The Strait of Hormuz's southern shipping route remains open, contradicting Iran's declaration of closure amid US-Iran tensions

An Indian national is missing after a container ship attack in the Strait of Hormuz, with ten crew members rescued
The crude tanker orderbook has surpassed its 2008 record, with freight rates rising due to US-Iran tensions and risk premiums.
The US became the leading source of replacement oil barrels during a 100-day Strait of Hormuz closure

Survivors of a Strait of Hormuz attack are suing a Thai shipping company for damages and injuries.
Pakistan seeks a spot LNG cargo after its gas utility warned of Qatar supply disruptions due to renewed Gulf conflict
Brazil has extended its 12% crude oil export tax for another 60 days, impacting global oil markets and shipping costs

Iranian crude oil volumes stored on vessels have expanded due to increased exports during a temporary US-Iran agreement

The UN shipping agency urges nations to reject Iran's attempts to control the Strait of Hormuz and its traffic management plans

Global oil market recovery depends on stable shipping through the Strait of Hormuz, with geopolitical tensions posing a risk
The merchant fleet west of the Strait of Hormuz has dropped below 700 vessels, a first since the conflict began
Iran's Revolutionary Guards Navy alleges US military activities are hindering the reopening of the Strait of Hormuz.
Indonesia's B50 biodiesel mandate is anticipated to increase vegetable oil freight rates through 2027, following recent market volatility.
Financial markets are downplaying US-Iran tensions, with attention moving to interest rate differentials despite Hormuz traffic disruption
UK natural gas prices fell over 2% to 118.5 pence per therm, easing from a four-week high due to US-Iran negotiations.
Copper futures rebounded to $6.26 per pound as investor confidence improved and Middle East tensions eased.

The Airforwarders Association warns the air cargo sector to prepare for renewed supply chain disruptions due to US-Iran hostilities

NYK Line research suggests geopolitics may reduce shipping market efficiency and threaten subsea infrastructure.

LNG tankers have resumed transiting the Strait of Hormuz, with 22 Japan-linked vessels leaving the Gulf despite Middle East tensions
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