ADNOC says attacks have hit 15 vessels since the war began, killing one crew member and injuring 20. The company is expanding its carrier fleet even as shipping through Hormuz…
James Stephens2 min read
Hormuz tanker crossings sank to one on Thursday, the lowest count since May 7, as crude moved back above $100 a barrel. Red Sea threats and longer diversions are raising…
Edward Byrd2 min read
Saudi Arabia has sold almost 100 million barrels of crude to Asian refiners as pipeline repairs continue. The shipments through the Strait of Hormuz are helping sustain supply and limit…
Jake Fox2 min read
Qatar extends force majeure on LNG shipments into November as the Strait of Hormuz remains closed to gas tankers, deepening a $24 billion export loss and lifting natural gas prices.
Holly Herrera3 min read
Iran calls Trump's AI generated video of Kharg Island's destruction "laughable," as real U.S. and Iranian strikes near the Strait of Hormuz rattle oil markets this week.
Jake Fox2 min read
Tanker rates hit record highs even as oil resumes flowing through Hormuz. Here is what the shipping crunch reveals about whether the Iran war has truly ended.
Edward Byrd4 min read
Asian LNG spot prices hit four year highs after Qatar extended its force majeure into November, deepening a Hormuz driven supply squeeze that's also pushing European gas benchmarks higher.
Holly Herrera2 min read
A fresh tanker hit in the Strait of Hormuz barely dented oil prices this week, as traders bet on a possible Iran Oman shipping corridor despite thinning traffic through the…
Holly Herrera3 min read
Crude oil fund USO dropped 4.58 percent as satellite images show Iran is rebuilding fast even while its oil exports lag, and Iraq quietly ramps up Gulf shipments.
Holly Herrera4 min read
India's crude import bill keeps climbing as Hormuz shipping rates soar past 400% and war risk insurance hits $10 million a voyage, even as USO shares slide on the day.
Holly Herrera3 min read
TotalEnergies backs two pipelines meant to bypass the Strait of Hormuz, as crude oil futures via USO dip 1.8% amid ongoing supply route concerns.
Holly Herrera2 min read
Iran's Revolutionary Guard warns that continued U.S. interference in the Strait of Hormuz could spark wider disruption, as oil prices jump and ship traffic through the chokepoint slows to a…
Holly Herrera3 min read
UAE oil output hit a record 4.1 million barrels a day in June even as the Strait of Hormuz was blocked, while crude prices slipped on the day.
Jake Fox3 min read
Tanker traffic through the Strait of Hormuz hit a five week low after fresh U.S. strikes on Iran and Tehran's retaliation, pushing ships back into dark mode transits.
Jake Fox3 min read
Oil tanker prices just hit an all time high as Gulf producers race to buy their own ships, wary of the Strait of Hormuz. Here's what it means for crude…
Jake Fox3 min read
Oil prices inch up as Iran claims new strikes on U.S. bases in Kuwait and Bahrain, even as more tankers slip through the Strait of Hormuz and Saudi Arabia pushes…
Edward Byrd3 min read
The UAE has cut all trade and financial ties with Iran after accusing Tehran of firing ballistic missiles toward its waters, deepening Gulf tensions as oil prices climb.
Jake Fox2 min read
An India flagged tanker sank off Yemen after a projectile strike, the latest in a string of red sea attacks hitting Saudi linked shipping as tankers increasingly go dark to…
Holly Herrera3 min read
A cargo ship hit by an unidentified projectile near the Strait of Hormuz pushed Brent above 91 dollars, while USO edged higher as traders weighed the region's escalating risks.
Holly Herrera3 min read
Saudi Arabia is weighing a huge expansion of its East West pipeline to sidestep the Strait of Hormuz, as USO trades near 126.60 dollars amid lingering Gulf shipping risk.
Edward Byrd3 min read
Kuwait and Bahrain restore power after Iranian strikes on U.S. bases, as oil prices jump and a fragile U.S. Iran truce faces its toughest test yet.
James Stephens2 min read
European natural gas prices jumped over 3% after Qatar halted maritime activity amid renewed US Iran tension near the Strait of Hormuz, threatening LNG flows just as winter storage season…
Jake Fox3 min read
Chinese oil importers are rushing back to American crude as tensions near the Strait of Hormuz flare again, with USO climbing 1.26% amid fresh supply worries.
Jake Fox3 min read
Gasoline prices rise for the first time since May as the U.S. Iran ceasefire collapses, shipping through the Strait of Hormuz plunges, and Russian refineries take heavy drone damage.
James Stephens3 min read