U.S. intelligence agencies have detected indications that Iran may be preparing to deploy naval mines in the Strait of Hormuz shipping lanes, according to a… Weiterlesen »Report: U.S. Intelligence Sees Signs of Iran Mine Threat Emerging in Hormuz

The HMS Dragon departed the Royal Navy’s base in Portsmouth, England on Tuesday bound for the Eastern Mediterranean as the United Kingdom bolsters its military presence in… Weiterlesen »Royal Navy Sends Missile Destroyer HMS Dragon to Eastern Mediterranean

U.S. Energy Secretary Chris Wright has deleted a social media post claiming that the United States Navy successfully escorted an oil tanker through the Strait of Hormuz, raising fresh questions… Weiterlesen »Energy Secretary Deletes Post Claiming U.S. Navy Escorted Oil Tanker Through Strait of Hormuz

The effective closure of the Strait of Hormuz is now rippling through global container supply chains, with new data showing a dramatic surge in cargo… Weiterlesen »Container Shipping Diversions Surge 360% Amid Hormuz Closure

The Strait of Hormuz remains effectively closed to almost all but Iran-linked traffic with the conflict in the Middle East now in its second week. 

Disruptions to shipping in the Strait of Hormuz are raising alarm across global energy, shipping, and agricultural markets, with the potential to hit developing economies… Weiterlesen »Hormuz Disruptions Threaten Energy Markets, Fertilizer Trade, and Vulnerable Economies, UNCTAD Warns

Claims that waiving the Jones Act would lower U.S. gasoline prices ignore a key reality: global tanker freight markets. Current Worldscale rates suggest foreign-flag tankers… Weiterlesen »Opinion: Waiving the Jones Act Won’t Lower Gas Prices—Tanker Markets Prove It

Ocean Network Express (ONE) is deepening its relationship with the world’s largest containership leasing platform, announcing plans to increase its ownership stake in Poseidon Corp., the… Weiterlesen »ONE Moves Closer to Controlling Stake in World’s Largest Ship Lessor Seaspan

Energy export data shows South Korean jet fuel exports to the United States West Coast is dropping as countries around the world are holding onto… Weiterlesen »Jet Fuel Shock Looms on U.S. West Coast as Asian Exports Dry Up

Oil supply cuts in the Middle East are deepening, shaving about 6% off global output, as the effective closure of the Strait of Hormuz piles… Weiterlesen »Gulf Oil Giants Deepen Cuts as Hormuz Halt Chokes Exports