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U.S. Claims Control of Hormuz as Ship Attacks Hit New High
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...
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How the Houthis are Helping Iran Turn Saudi Arabia Into a Pressure Point
The Houthi attacks on Saudi Arabia are about more than Yemen.
Oil Shipping Costs Spike, Lifting Prices from Pump to Grocery
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.
Ship Fuel Market Fragments as Middle East Conflict Hits Trade
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.
