Strait of Hormuz

U.S. Rejects Iran’s Mine Claim as Hormuz Shipping Threat Remains Severe. U.S. Central Command is disputing an Iranian claim that a Panama-flagged tanker recently struck a naval mine in the Strait of Hormuz, saying the ship was instead hit by Iranian...

Oil Tanker Rates Top $1 Million a Day as Hormuz War Squeezes Fleet. The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships willing to cross the Strait of Hormuz to collect cargoes.

Ports Giant DP World Redraws Hormuz Logistics With Truck Bet. Ports giant DP World is expanding its overland logistics network in a bet that shipping through the Strait of Hormuz — vital for its flagship container and industrial hub in the United Arab Emirates — won’t return to the status quo from before the US-Iran war.

Crew Of Vessel Attacked In Hormuz Strait Evacuated. CAIRO, Sept 13 (Reuters) – A vessel has been struck by an unknown projectile while transiting the Strait of Hormuz, the United Kingdom Maritime ?Trade Operations said early on Sunday. The crew were...

US Limits Air Defense Time Slots For Tankers Sailing Through Hormuz. Sept 12 (Reuters) – The U.S. has asked tankers traveling through the Strait of Hormuz to sail only at specific times to guarantee military protection after Iran stepped up attacks on ships...

Vessel seizure or detention reported in the Persian Gulf region.

U.S.-Facilitated Hormuz Transits Help Lift Gulf Crude Exports Above 10 Million Bpd. Traffic through the Strait of Hormuz is still running far below normal, but the latest UKMTO data shows a steady flow of ships continuing to move through the waterway, much...

Hormuz Shipping Traffic Falls to Single Digits, Data Shows. Vessel transits at the Strait of Hormuz fell to seven on Thursday from 11 the previous day, preliminary ship-tracking data showed on Friday, well below the 10-day average of 15.

Iraq Seeks Oil Tankers as Gulf Giants Try to Ensure Hormuz Flows. Iraq is holding a tender to hire two or more oil supertankers to perform transits through the Strait of Hormuz, the latest evidence that producers in the region are trying to take greater control of their exports through the chokepoint.

Surging Tanker Rates Signal Deepening Global Energy Crisis. Global tanker freight rates are surging to record levels with little respite in sight, a sign of the growing strain in oil markets as traders, shipowners, producers and buyers grapple with a drawn-out conflict in the Persian Gulf and increasingly complex workarounds.

Iran and US Hit Tankers in Biggest Wave of Attacks on Shipping Since War Began. Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war.

U.S. Destroys Five More IRGC Tankers After Iran Targets Navy Warship. U.S. forces destroyed five Iranian crude oil tankers Tuesday after the Islamic Revolutionary Guard Corps targeted a U.S. Navy warship with ballistic missiles twice over the past two days, according...

Suez Canal Revival Gathers Pace as Hormuz Crisis Reroutes Ships. Suez Canal revenue rose 42% in July from the year earlier, as the Iran war’s effective closure of the Strait of Hormuz and Houthi threats in the southern Red Sea led more ships to use the Egyptian waterway.

Europe Gas Hits Three-Year High as Traders Race to Fill Storage. European natural gas prices hit a fresh three-year high as traders race to fill fuel storage facilities ahead of winter, while awaiting details of an Iran-Oman deal on shipping through the Strait of Hormuz.