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Tanker transits through Strait of Hormuz approach prewar figures

1 October 2026 at 12:37

The Strait of Hormuz is far from what it was before Donald Trump blew everything out of the water: a maritime route that, although located in a hotspot region, allowed the free and safe passage of huge volumes of oil and gas from the Middle East. However, something has been moving in recent days, with many more tanker transits than over the previous several months. Some analysts even place crude shipments through the area around the levels seen before last spring and near those recorded during the short-lived ceasefire in June.

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© Amirhosein Khorgooi (AP Photo/Amirhosein Khorgooi)

Freighters Monday in the Strait of Hormuz.

Trump’s plan to ban diesel exports aggravates Europe and Latin America’s energy crisis 

26 September 2026 at 05:00

The United States and its energy industry are making a killing selling crude oil and its derivatives to the rest of the world. The world’s largest economy is filling part of the gap left by supply cuts from Gulf countries due to the war in Iran, and from Russia due to Ukrainian attacks on its refineries. But everything has its limits, and the breaking point was reached on Tuesday, September 22, when diesel surpassed $6.50 a gallon at U.S. pumps.

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© Mark Felix (Bloomberg)

Aerial view of a refinery in Houston, Texas, in March 2025.
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