News

The United States will release 172 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) beginning next week as part of a record

A new series of maritime attacks has struck commercial vessels across the Persian Gulf overnight, signaling that the shipping conflict linked to the escalating

Naval drones have been used in at least two attacks on oil tankers in the Gulf region since war erupted between the U.S., Israel and Iran, according to

Newly surfaced photos taken by a rescued crew member from the Thai-flagged bulk carrier Mayuree Naree offer a stark reminder of the growing dangers facing

Washington’s effort to restore commercial shipping through the Strait of Hormuz took a key step forward Wednesday after the U.S. International Development

Three additional commercial vessels have been struck by projectiles in and near the Strait of Hormuz over the past 24 hours, as the maritime security situation

The Federal Maritime Commission says it is closely monitoring new surcharges being introduced by ocean carriers amid the escalating security crisis around

The U.S. Bureau of Ocean Energy Management (BOEM) generated $46.98 million in high bids at its latest offshore oil and gas auction Wednesday, marking a sharp

The International Energy Agency (IEA) on Wednesday recommended the release of 400 million barrels of oil, the largest such move in its history, to try to

Global shipping giant A.P. Moller – Maersk says the escalating conflict in the Middle East is beginning to disrupt global marine fuel supply chains,

U.S. Central Command (CENTCOM) on Tuesday warned civilians to avoid port facilities in Iran where naval forces are operating, saying the Iranian military is

A Thai-flagged cargo vessel was struck in the Strait of Hormuz on Wednesday shortly after departing from the United Arab Emirates, as regional tensions

Satellite navigation interference detected near the United Arab Emirates coast is creating the appearance of vessels sailing in straight lines toward the

The U.S. Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since the start of the war on

The U.S. Coast Guard and multiple partner agencies are responding to a barge fire in Delaware Bay on Tuesday after a tug reported that the vessel it was

U.S. Maritime Administrator Stephen Carmel warned Tuesday that rebuilding American maritime power will require far more than simply expanding shipyard

U.S. President Donald J. Trump warned Iran to remove any naval mines from the Strait of Hormuz and claimed U.S. forces have already struck vessels

Claims that waiving the Jones Act would lower U.S. gasoline prices ignore a key reality: global tanker freight markets. Current Worldscale rates suggest

Disruptions to shipping in the Strait of Hormuz are raising alarm across global energy, shipping, and agricultural markets, with the potential to hit

The Strait of Hormuz remains effectively closed to almost all but Iran-linked traffic with the conflict in the Middle East now in its second