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Oil Shipping Costs Spike, Lifting Prices from Pump to Grocery

15 October 2026 at 18:27
When the oil supertanker Esteem Explorer sails from the United States to Japan in late November, loaded with about 2 million barrels of crude, the journey will cost $81 million. The same journey would have cost $9.1 million last year, on average.

U.S. Forces Destroy Iranian-Linked Dhow Accused of Targeting Navy Ships

14 October 2026 at 21:01
U.S. forces destroyed an Iranian-affiliated dhow in the Gulf of Oman on October 6 after determining that the vessel was conducting surveillance and helping target American warships, U.S. Central Command...

Qatar Rewrites Its Gas Playbook With Old Tankers and New Tactics

14 October 2026 at 18:15
Six months into a war that sowed upheaval in the Persian Gulf, Qatar found itself stuck. By late August, even limited shipments from the gas heavyweight had all but stopped following a projectile attack on one of its tankers outside the Strait of Hormuz. Pressure was growing, not only from energy-starved clients but also from inside an economy built on regular deliveries.

Saudi Arabia Strikes Houthi Targets as Red Sea War Escalates

13 October 2026 at 19:48
Yemen's Iran-allied Houthis said Saudi Arabia was attacking the Yemeni capital Sanaa on Tuesday after a Saudi-led coalition warned civilians to stay away from an oil depot on the city's outskirts, part of a rapidly escalating war between the sides.

Iran Says US Response To Its Proposal To Reopen Hormuz Was ‘Insufficient’

12 October 2026 at 00:13
DUBAI, Oct 11 (Reuters) – The United States’ response to Iran’s seven conditions in a proposal to reopen the strategic Strait of Hormuz was “insufficient”, Iran’s security chief, Mohsen Rezaei, was quoted by state...

Republican Senator Says Trump’s Russian Diesel Deal May Be Illegal

11 October 2026 at 18:31
By Jan Wolfe Oct 11 (Reuters) – Republican US Senator Thom Tillis on Sunday said President Donald Trump’s diesel supply deal with Russia may be illegal and will put American lives at risk, adding to bipartisan...

More Tankers Hit in Hormuz as U.S. Strikes Cargo Ship

11 October 2026 at 15:28
Two more tankers have been struck in the Strait of Hormuz as U.S. forces disable a cargo vessel in the Gulf of Oman, extending a sharp escalation in attacks on commercial shipping.

US Says It Disabled Cargo Vessel Trying To Run Iran Blockade

11 October 2026 at 04:02
Oct 10 (Reuters) – The US military said on Saturday it had disabled a commercial cargo vessel in the Gulf of Oman after the ship’s crew ignored warnings and attempted to run...

Trump Strikes Diesel Deal With Putin to Lower Fuel Prices Ahead of Midterms

9 October 2026 at 21:34
President Donald Trump said Friday that Russia has agreed to release millions of tons of diesel fuel into U.S. and global markets following a telephone call with Russian President Vladimir...

U.S. Sanctions 22 More Tankers in Crackdown on Iran’s Shadow Fleet

8 October 2026 at 19:25
The United States on Thursday imposed sanctions on 22 tankers and dozens of individuals and companies linked to Iran’s oil trade, expanding its campaign to cut off Tehran’s remaining petroleum...
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