A U.S. naval blockade of Iranian ports has shrunk Tehran’s oil exports, stranding a growing stockpile of crude on tankers as Iranian storage sites run out of space,… Weiterlesen »US Naval Blockade Squeezes Iran’s Oil Exports, Forces Crude Onto Floating Storage

Exxon Mobil Corp. and Chevron Corp. posted stronger-than-expected earnings for the first quarter as higher oil and natural gas prices outweighed production outages from the… Weiterlesen »Exxon, Chevron Beat Profit Estimates on War-Driven Oil Rally

U.S. President Donald Trump’s administration argued that a ceasefire with Tehran had “terminated” hostilities as a legal deadline arrived on Friday for coming to Congress… Weiterlesen »White House Says Iran Hostilities ‘Terminated’ as War Powers Deadline Arrives

The U.S. Treasury Department has widened its warning over reported Iranian “toll” demands in the Strait of Hormuz, issuing a new alert that lays out,… Weiterlesen »U.S. Treasury Expands Hormuz ‘Toll’ Warning, Puts Maritime Industry on Notice

Venezuela’s oil exports rose 14% to 1.23 million barrels per day in April, the highest in more than seven years, fueled by more sales to… Weiterlesen »Venezuela Oil Exports Hit 7-Year High as U.S., India, Europe Ramp Up Buying

Piracy concerns are escalating rapidly off the Horn of Africa after two vessels were hijacked last week and multiple new approaches were reported across the… Weiterlesen »Piracy Resurfaces Off Somalia as Hormuz Crisis Stretches Naval Security

Container spot freight rates on the transpacific trade into the North America west coast managed to defy gravity and edge up this week, while most… Weiterlesen »Transpacific Defies Downtrend as Container Spot Rates Climb on War-Driven Demand

US President Donald Trump vowed to maintain a naval blockade on Iran and was briefed by commanders on further military options, according to a report,… Weiterlesen »Trump Vows to Maintain Pressure on Iran Through Naval Blockade

Singapore-based liner giant Ocean Network Express reported a modest but resilient profit for fiscal year 2025, navigating weak cargo demand, rising capacity, and mounting geopolitical disruption across… Weiterlesen »ONE Profit Plunges 92% as Geopolitics and Overcapacity Squeeze Earnings

Spot container rates extended their downward trend for a third consecutive week, underscoring the growing disconnect between geopolitical disruption and underlying market fundamentals. According to… Weiterlesen »Container Rates Slip for Third Week as Oversupply Weighs on Market