The United States will release 172 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) beginning next week as part of a record 400-million-barrel coordinated stock… Weiterlesen »U.S. to Release 172 Million SPR Barrels as New Tanker Attacks Drive Oil Higher

Naval drones have been used in at least two attacks on oil tankers in the Gulf region since war erupted between the U.S., Israel and Iran,… Weiterlesen »Explosive Sea Drones Emerge as New Threat to Tankers in Gulf Attacks

Newly surfaced photos taken by a rescued crew member from the Thai-flagged bulk carrier Mayuree Naree offer a stark reminder of the growing dangers facing commercial mariners… Weiterlesen »Photos from Lifeboat Show Human Cost of Hormuz Crisis

Iran said the world should be ready for oil at $200 a barrel as its forces hit merchant ships on Wednesday and the International Energy… Weiterlesen »Iran Warns World to Brace for $200 Oil

Washington’s effort to restore commercial shipping through the Strait of Hormuz took a key step forward Wednesday after the U.S. International Development Finance Corporation announced that Chubb Limited will serve as… Weiterlesen »U.S. Taps Chubb to Lead Trump’s $20B Insurance Plan for Hormuz Shipping

Three additional commercial vessels have been struck by projectiles in and near the Strait of Hormuz over the past 24 hours, as the maritime security… Weiterlesen »Maritime Attacks Reach 13 in First 12 Days of Middle East Conflict

The International Energy Agency (IEA) on Wednesday recommended the release of 400 million barrels of oil, the largest such move in its history, to try… Weiterlesen »IEA Plans Historic 400-Million-Barrel Oil Release

The U.S. Bureau of Ocean Energy Management (BOEM) generated $46.98 million in high bids at its latest offshore oil and gas auction Wednesday, marking a sharp drop… Weiterlesen »Offshore Lease Bidding Falls Off a Cliff in Trump’s Second ‘Big Beautiful’ Gulf Sale

The Federal Maritime Commission says it is closely monitoring new surcharges being introduced by ocean carriers amid the escalating security crisis around the Strait of Hormuz, warning that… Weiterlesen »U.S. Maritime Commission Warns Shipping Lines Over Hormuz Crisis Surcharges

A Thai-flagged cargo vessel was struck in the Strait of Hormuz on Wednesday shortly after departing from the United Arab Emirates, as regional tensions continue… Weiterlesen »Three Crew Missing from Thai Cargo Ship Hit in Hormuz