MOPS

Energy

Iran’s Oil Exports Soar as Israel Attack Prompts Cargo Clearout

Iran’s oil exports have jumped since the nation came under attack from Israel on Friday, according to a firm that specializes in monitoring clandestine shipping. The Islamic Republic exported an average of 2.33 million barrels a day since June 13, according to data from TankerTrackers.com. That’s an increase off 44% compared with the year through June 12. The lion’s share of that oil comes from Kharg Island, home to a cluster of storage tanks that are critical infrastructure for Iran.

Ports

U.S. West Coast Ports See Sharp Decline Amid Tariff Impacts, But Summer Surge Expected

The Port of Long Beach experienced a significant 8.2% decline in cargo throughput in May, processing 639,160 TEUs as tariffs continue to impact global trade flows. The neighboring Port of...

Shipping

Phantom Tankers: GPS Interference Roils Gulf Shipping

The Front Tyne oil tanker was sailing through the Gulf between Iran and the United Arab Emirates on Sunday when just past 9:40 a.m. shiptracking data appeared to show the massive vessel in Russia, in fields better known for barley and sugar beets.