Strait of Hormuz

Vitol Group has successfully shipped a stranded aluminum cargo from the Strait of Hormuz, offering supply relief for buyers.

Crude oil prices fell as shipping transits through the Strait of Hormuz accelerated, following progress on a US-Iran peace deal.

European natural gas prices remained near two-month lows as Strait of Hormuz shipping normalized and Middle East risks cooled

The IMO estimates 80 mines are in the Strait of Hormuz shipping lanes, complicating safe passage through the critical oil channel

Donald Trump claimed Iran violated a ceasefire after a drone attack on a commercial ship in the Strait of Hormuz.

The 100-day closure of the Strait of Hormuz is causing a re-evaluation of global energy markets, similar to the 1973 oil embargo

Iran has reaffirmed its control over Strait of Hormuz shipping after a vessel strike near Oman, affecting tanker traffic.

Vessel traffic in the Strait of Hormuz declined after an Iranian attack on a Taiwanese-operated ship, raising regional tensions

Crude oil prices fell sharply as supply concerns eased with increased tanker traffic through the Strait of Hormuz.

Oil prices rose after a commercial vessel was reportedly struck in the Strait of Hormuz, highlighting regional shipping risks

Global base oils markets face a prolonged recovery due to supply constraints and geopolitical tensions, especially for Group III.

Norden's first chartered vessel has safely left the Persian Gulf after recent disruptions in the Strait of Hormuz.

BIMCO emphasizes the need for clear US-Iran maritime agreements after a drone strike in the Strait of Hormuz.

Multipurpose carriers are navigating geopolitical instability, energy transition demands, and other market forces impacting project…

Fleet Management Limited introduces a new app and advocates for seafarer recognition amidst rising global geopolitical tensions

Crude oil prices fell as Middle East supply concerns eased, leading to a drop in China's petrochemical futures.

IMO pauses Persian Gulf crew evacuations after a containership attack, heightening regional maritime security concerns

A cargo ship's bridge was damaged by an unknown projectile off the coast of Oman, with no casualties reported

Geopolitical tensions are introducing significant volatility into the Middle East's offshore support vessel market.

Tensions between Iran and Oman are increasing as the IMO considers a Persian Gulf exit plan, signaling maritime security concerns

Saudi Arabia is reactivating crude oil loading at its significant Ras Tanura terminal, signaling a broader resurgence of Middle Eastern…

Allianz Commercial warns that Arctic shipping routes, while offering shorter transit times, pose significant risks for vessels

French authorities intercepted the oil tanker 'Deliver' near Sicily, suspecting its role in Russia's shadow fleet.

The IMO's plan to evacuate 11,000 seafarers from the Strait of Hormuz has gained support from BIMCO.

IUMI welcomes the US-Iran MoU and Iran-Oman working group, aiming to boost maritime security in the Strait of Hormuz.

Iran's IRGC has warned ships against using a southern Strait of Hormuz route after Oman released new transit guidelines.

Allianz reports $125 billion in vessel and cargo value exposed in the Persian Gulf as of mid-June 2026

Iran's IRGC Navy has rejected the IMO's safe passage plan for the Strait of Hormuz, raising maritime security concerns

War risk insurance is available for Strait of Hormuz transits, though security and legal challenges still hinder normal maritime traffic

Recent tensions in the Strait of Hormuz highlight the critical need to prioritize seafarer welfare in maritime contingency planning