strait of hormuz

U.S. Energy Secretary Chris Wright said on Tuesday that ship traffic in the Gulf and oil exports through the Strait of

The European Commission on Tuesday proposed a sweeping 21st package of sanctions against Russia, targeting the country’s financial sector, shadow fleet

Kuwait is offering to sell its crude to refiners in Asia for the first time since the Iran war started, the latest indication of rising oil flows through the

The world’s shipowners have placed orders for a record number of new oil supertankers, surpassing a boom back in 2008 that ultimately led to a glut and a

U.S. forces disabled a tanker linked to Iran’s shadow fleet in the Gulf of Oman on Monday, marking the seventh commercial vessel interdicted since

For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic

A tanker caught fire off the coast of Oman on Monday, forcing the evacuation of its crew and prompting a coordinated response by Omani and Indian authorities,

The European Union has imposed sanctions on two Iranian individuals and one Islamic Revolutionary Guard Corps Navy unit over alleged efforts to restrict

By Ahmad Ghaddar and Olesya Astakhova LONDON, June 7 (Reuters) – OPEC+ is set to agree on Sunday a fourth increase in oil output targets in as many

By Brendan Murray Jun 6, 2026 (Bloomberg) —Container shipping rates jumped over the past week amid higher fuel costs, congestion at some Asian ports

American forces have counted nearly 1,000 commercial vessel transits in and out of the Strait of Hormuz in the last two months, according to an official

Container freight rates are rising sharply across major east-west trades as the conflict in the Middle East, disruption at key Asian transshipment hubs, and

U.S. forces boarded a sanctioned tanker in the Indian Ocean overnight, the latest in a series of interdictions targeting vessels linked to Iran’s shadow

Mercuria Energy Group Ltd. has moved oil through the Strait of Hormuz through government-brokered deals, according to legal filings that shine a rare light on

U.S. maritime labor leaders used the 106th anniversary of the Jones Act on Friday to renew calls for the Trump administration to end its emergency waiver

Commodity trading giant Trafigura says the conflict in the Middle East has already removed more than 1.1 billion barrels of oil from global markets and warned

The trickle of tankers exiting the Strait of Hormuz has gathered pace in recent weeks, as traders adopt stealth measures to make the crossing. While this

The Royal Navy has deployed a new underwater mine disposal system aboard RFA Lyme Bay as Britain and France finalize plans for a multinational operation to

The UK and France have finalized plans to lead a multinational mine-clearing mission in the Strait of Hormuz within days of an agreement between the US and

The European Union has proposed that the bloc's Aspides naval mission take "the primary role" in clearing mines in the Strait of Hormuz "when conditions