Some shipowners are opting to steer clear of the strategically important Strait of Hormuz, according to the world's largest shipping association, reflecting a growing sense of industry unease as the ...
Despite a tentative ceasefire between Israel and Iran on Tuesday, security issues in the Strait of Hormuz continue for shipowners, with GPS jamming incidents forcing vessels to reduce transits.
Oil futures fell sharply on Tuesday as a freshly announced Iran-Israel ceasefire began to allay investor concerns over supply and shipping disruptions in the oil-rich Middle East. The Ice Brent ...
Dubai, United Arab Emirates — Iran seized a Marshall Islands-flagged oil tanker as it traveled through the narrow Strait of Hormuz on Friday, a U.S. official and a private maritime risk group said, ...
Iran threatened to close the Strait of Hormuz, in what would serve as another act of retaliation, after the U.S. launched strikes on three key Iranian nuclear facilities over the weekend. While there ...
Your editorial “Iran’s Strait of Hormuz Gambit” (June 23) rightly notes the waterway’s importance. Much of the global economy depends on the 20% of the world’s oil supply that travels through the ...
The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world’s most important oil chokepoint due to the large volumes of crude that ...
The increase in geopolitical tensions in the Middle East recently resulted in Iran threatening to close the strategically vital Strait of Hormuz (the “Strait”) to international shipping. Inevitably, ...
The Iranian parliament has voted to close the Strait of Hormuz following U.S. airstrikes on Iranian nuclear facilities, a move that would significantly disrupt global energy markets. The Strait of ...
The United States' entry into the Iran-Israel war over the weekend stoked fears of a wider conflict that could spread across the oil-rich Middle East and disrupt the global economy. President Donald ...
During the recent conflict between Iran and Israel, Iran threatened to block the Strait of Hormuz, one of the world’s major shipping routes. Would that be possible, and what effects would it have? The ...