U.S. Central Command says the United States and its regional partners control the Strait of Hormuz, citing more than 40 commercial ships moving through the waterway in the past 24...
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.
Shipowners are facing an increasingly fragmented fuel market as disruptions triggered by the Middle East conflict raise concerns about the availability and quality of supply.
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...
By Jonathan Saul and Renee Maltezou LONDON, Oct 14 (Reuters) – A container ship and a dry bulk carrier have both sunk near the Strait of Hormuz in the past...
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.
A Singapore-flagged containership has sunk after being struck by a projectile in the Strait of Hormuz, as a widening series of attacks on merchant shipping raises fresh questions about U.S....
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.
A growing number of empty supertankers have been turning away from the Persian Gulf as escalating Iranian attacks threaten a critical transfer hub for wartime oil shipments.
Six commercial vessels were reported struck in and around the Strait of Hormuz on October 11, including five tankers and a container ship, as attacks on merchant shipping continue to...
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...
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...
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.
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...
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...
A commercial vessel was struck by a projectile in the Persian Gulf on Friday, sparking a fire onboard in the second reported attack on shipping inside the Gulf in just...
(Bloomberg) — Saudi Arabia is in talks with customers to offer oil loadings next year outside the Strait of Hormuz in long-term contracts, formalizing a system the kingdom has been...
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...
(Bloomberg) — Supertankers are racing to the Middle East to cash in on soaring fees for carrying oil through the Strait of Hormuz, exacerbating a global shortage of vessels that...