Israel–Iran Conflict

A Sinokor Maritime VLCC was abandoned and is listing in the Strait of Hormuz after rocket strikes, with crew evacuated.

Geopolitical tensions and tight fuel supplies are expected to keep global bunker prices volatile through September

Korean shipyards see a surge in Suezmax tanker inquiries as U.S.-Iran tensions reroute Saudi crude from Hormuz.

QatarEnergy has extended force majeure on LNG deliveries to Europe and Asia into November due to Strait of Hormuz disruption.

European natural gas prices surged to their highest since March due to Persian Gulf tensions and British wholesale contract increases

A U.S. naval blockade has prevented Iran from exporting crude oil via the Strait of Hormuz for seven weeks, impacting its revenue.

New US airstrikes on Iranian targets have heightened tensions in the Strait of Hormuz following recent tanker attacks.

Mine clearance in the Strait of Hormuz is not enough to restore normal commercial shipping, INTERTANKO warns

Two supertankers carrying Saudi oil were attacked by unknown projectiles in the Strait of Hormuz, raising security concerns

Disruptions in the Strait of Hormuz are causing tanker freight rates to surge and tightening refined product markets.

Middle Eastern refinery output remains significantly below pre-war levels due to damage and export constraints via the Strait of Hormuz.

European stocks were flat due to a bond market sell-off and rising Middle East hostilities, dampening risk appetite

Oil producers in the Americas have gained market share and financial benefits from the Iran war's impact on Middle Eastern exports

A tanker was struck three times in the Strait of Hormuz, highlighting persistent maritime security risks in the region.

A tanker incident involving military forces has been reported off Oman, raising concerns about maritime security.

Crop commodity prices recorded their largest monthly increase since 2012, fueled by rising energy and transport costs.

Oil prices rose above US$90 per barrel after US military strikes on Iranian launchers in the Persian Gulf.

Europe is drawing in additional LNG volumes due to low storage and the closure of the Strait of Hormuz, driving up gas prices

Iraq will not approve new projects or investments until the Strait of Hormuz crisis ends and full oil exports resume.

European stocks fell as Middle East military escalation drove crude oil prices above $90 a barrel, influencing market sentiment.

US forces reportedly attacked two Iranian mine launchers on Larak Island, prompting alleged Iranian retaliation against US forces in Jordan

The Strait of Hormuz experienced a sharp decline in daily commodity vessel transits, falling to just five per day.

Record VLCC newbuilding orders are raising concerns about a future oversupply in the tanker market by 2028-2029

Fossil fuel importers faced an estimated $330 billion in additional costs for seaborne crude oil, oil products, and LNG.

The IMO has highlighted the persistent uncertainty for seafarers in the Persian Gulf due to ongoing conflict and attacks.

Washington expanded its economic sanctions against Iran, directly impacting the shipping and ship recycling industries.

Middle East tanker exports are navigating a third phase of market adjustments since the Hormuz crisis commenced, impacting capacity.

Oil tanker earnings on a benchmark route have approached $650,000 daily due to the Iran war and strategic shipping plays

Saudi Aramco is increasing heavy crude sales, utilizing the Strait of Hormuz, mirroring other Persian Gulf nations' export growth

The IMO advocates for practical solutions to resolve the ongoing humanitarian crisis affecting seafarers in the Strait of Hormuz.