Israel–Iran Conflict

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

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.

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

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.

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

Goldman Sachs raised its European gas price forecast, attributing it to delayed Persian Gulf LNG export recovery amidst Middle East tensions

CMA CGM is implementing an emergency fuel surcharge from August 1st due to rising bunker costs linked to Strait of Hormuz tensions

Atradius warns that a sustained closure of the Strait of Hormuz could push the world economy into recession.

Geopolitical tensions in the Red Sea and Strait of Hormuz are straining war risk insurance, affecting shipping routes and costs

VLSFO availability in Singapore remains tight, with lead times of 14-19 days due to low inventories and Strait of Hormuz disruptions

Iranian crude oil flows to Singapore's ship-to-ship transfer areas saw a sharp rise in July, reaching 36.2 million barrels.

China has cut Iranian crude oil imports by 40% due to U.S. sanctions on Chinese refineries, impacting Iran's revenues

Oil prices rose in volatile trading due to escalating Middle East tensions and new threats to Red Sea shipping.

Eurozone investor morale reached a five-month high in June 2026, driven by hopes for a resolution to the Iran conflict

Renewed hostilities in the Strait of Hormuz are undermining shipping confidence, making the critical oil chokepoint dangerous.

IEA warns that Middle East hostilities are increasing concerns regarding the stability of global oil supplies and prices

Saudi Arabia and the UAE are expanding pipelines to reduce reliance on the Strait of Hormuz, with new capacity by 2027

Renewed hostilities between Iran and the US are raising concerns about the global energy market and broader economic stability.

Oil prices stabilized, easing from peaks, as de-escalation hopes emerge between the US and Iran, despite Red Sea threats

UK natural gas prices fell as diplomatic efforts to ease US-Iran tensions emerged, reversing a four-month high.

Gasoline prices in the Netherlands are nearing record levels due to rising oil costs and escalating Middle East tensions.

Three commercial vessels were reportedly attacked in the Strait of Hormuz and off the UAE coast within 48 hours.

A commercial tanker reported a drone or missile strike near the Strait of Hormuz, escalating maritime security concerns.