Strait of Hormuz

IBIA condemns attacks on commercial shipping after a fatal incident involving a bunker tanker near Dubai, emphasizing seafarer safety.

Disruptions in the Strait of Hormuz could severely impact SMEs, which account for 70% of global employment, UNCTAD warns

Oil trading complexity, including shipping and compliance risks, is becoming structural, impacting forwarders' operations and costs

Conflicts in the Bab al-Mandeb and Strait of Hormuz are severely impacting global shipping operations and costs.

Four maritime regions are simultaneously active danger zones, posing unprecedented risks to global shipping and seafarers.

Qatar and the UAE are using ship-to-ship transfers to bypass Hormuz disruptions and maintain LNG exports.

Kuwait Petroleum Corporation is expanding its shipping fleet to manage supply chain risks from US-Iran geopolitical tensions.

US sanctions on Iran's oil trade are compelling Chinese refiners to procure costlier Russian crude.

Aluminum futures in the UK hit a four-week high due to tight supply and reduced inventories, exacerbated by the US-Iran conflict

Wheat futures dropped as traders weighed diplomatic efforts against ongoing Black Sea export disruptions from the Ukraine conflict

An Iraqi oil tanker was reportedly struck by a drone in Iraqi territorial waters, with other merchant vessels also affected

Houthi forces attacked Saudi oil sites and airports, prompting Saudi retaliation and signaling a potential escalation

Iran claims missile attacks on a US base in Jordan and ships in the Strait of Hormuz, escalating Middle East tensions

Qatar has reportedly resumed LNG exports after a tanker incident, with a vessel safely clearing the Strait of Hormuz.

US forces destroyed five Iranian crude oil tankers after the IRGC targeted a US Navy warship with ballistic missiles.

Iran warns of a potential maritime exclusion zone in the Persian Gulf, escalating regional tensions and impacting shipping

Singapore suggests Asian refiners and governments build supply chain alternatives for energy resilience, citing Strait of Hormuz disruptions

US Central Command reportedly disabled three Iran-linked crude oil tankers in the Strait of Hormuz, escalating Middle East tensions

Increased demand from the US Gulf, Brazil, and West Africa is tightening Atlantic tanker capacity, boosting VLCC premiums.

European natural gas prices hit a three-year high as traders rush to fill storage, awaiting Iran-Oman shipping deal details

Oil prices rose as Brent crude neared $100/bbl after Iran's threat to Gulf energy infrastructure, raising supply disruption fears

Grimaldi expands its China to West Africa service via Durban and Lagos, boosting RoRo and project cargo capacity

Ten Filipino seafarers refused to transit the Strait of Hormuz on a Liberian-flagged general cargo ship.

Geopolitical risks are causing a disconnect in VLCC freight rates, despite softening demand and increased vessel availability

A QatarEnergy delegation will visit Bangladesh to discuss resuming LNG supplies after a halt caused fuel shortages.

Disruptions in the Strait of Hormuz are testing supply chain resilience, prompting shifts to alternative ports and multimodal services.

VLCC rates from the US Gulf Coast hit record highs due to tight Atlantic tonnage and strong global market conditions.

US-Iran conflict escalated with new attacks on vessels in the Strait of Hormuz, impacting regional stability and shipping.

Russian crude oil exports fell by 12% in August, mainly due to fewer Black Sea loadings and decreased deliveries to India

High energy prices and strong US employment data are not boosting the dollar as much as expected, due to a positive global investment…