The U.S. may soon remove sanctions from Iranian oil that is stranded on tankers to help lift global supplies and reduce prices, U.S. Treasury Secretary Scott Bessent… Weiterlesen »U.S. May Remove Sanctions on Iranian Oil Stranded at Sea

A containership already at the center of one of the deadliest incidents in the Strait of Hormuz crisis may have been struck again, with early… Weiterlesen »Second Strike? Safeen Prestige Reported Burning Near Hormuz

Leaders from the United Kingdom, France, Germany, Italy, the Netherlands, and Japan issued a joint statement Thursday condemning Iran’s recent actions in the Persian Gulf,… Weiterlesen »G7 Allies Condemn Iran’s ‘De Facto Closure’ of Hormuz, Call for Immediate Halt to Attacks

Mediterranean Shipping Company is moving to take joint control of South Korea’s Sinokor Maritime, formalizing a relationship that has drawn growing attention across tanker markets.… Weiterlesen »MSC Formalizes Tie-Up With Tanker Giant Sinokor After Massive VLCC Buying Spree

The closure of the Strait of Hormuz is turning Kenya’s Lamu port into a surprise refuge, as vessels bound for the Middle East divert and… Weiterlesen »Iran’s Hormuz Blockade Is Helping a Little-Used Kenyan Port

CK Hutchison said on Thursday it remained in talks with a consortium to sell the majority of its ports business, a deal that has been… Weiterlesen »CK Hutchison Says Still in Talks Over Ports Assets Sale

President Donald Trump on Wednesday warned of overwhelming U.S. retaliation against Iran if attacks on Qatar’s energy infrastructure continue, following a major escalation that has already disrupted… Weiterlesen »Trump Blames Israel for South Pars Attack, Warns Iran of Massive Retaliation

A Qatari complex housing the world’s largest liquefied natural gas export plant suffered “extensive damage” after a missile strike, hours after Iran threatened energy facilities… Weiterlesen »Qatar Reports Extensive Damage at World’s Largest LNG Plant

Iran’s huge Pars gas field was hit on Wednesday, a major escalation in the U.S.-Israeli war, prompting Tehran to announce it would respond with attacks on… Weiterlesen »Iran Gas Field Strike Marks Major Escalation as Tehran Threatens Gulf Energy Infrastructure

Fatal accident comes despite increasing efforts aimed at preventing enclosed-space deaths Two crewmembers are dead and two others hospitalized following a confined space incident aboard… Weiterlesen »Two Dead in Confined Space Accident Aboard Barge Near Alaska