Keywords: Oil shipping
Iran’s Islamic Revolutionary Guard Corps (IRGC) has clarified that the number of vessels allowed to pass through the Strait of Hormuz will not be fixed, stating that daily maritime traffic will depend on operational and security conditions. According to Iranian military sources, coordination with......
Major Asian energy companies PetroChina and Indian Oil Corporation have reportedly failed to secure very large crude carriers (VLCCs) to transport Iraqi Basrah crude for late June loading, according to industry and shipping sources, highlighting tightening conditions in global oil shipping markets. The......
Evangelos Marinakis told shipping executives that paying Iran a transit fee of 100,000 to 200,000 dollars per vessel would be preferable to a prolonged closure of the Strait of Hormuz. He delivered the remarks at an industry forum in Athens held during a major maritime gathering. He argued that a predictable......
Commercial maritime traffic carrying crude oil and liquefied natural gas has begun to move again through the Strait of Hormuz after months of severe disruption. The passage of several tankers marks the clearest sign yet of a partial recovery in one of the world’s most sensitive energy corridors......
Iranian Foreign Minister Abbas Araghchi said Thursday that the Strait of Hormuz remains open to all commercial shipping provided vessels coordinate with Iranian naval forces before transit. The comments were delivered on the sidelines of the BRICS foreign ministers meeting in New Delhi as tensions continue......
Indian Prime Minister Narendra Modi and French President Emmanuel Macron held a phone call on Thursday to address the escalating crisis in West Asia, focusing on the urgent need to restore freedom of navigation in the Strait of Hormuz. The strategic waterway, critical for global energy supplies, has......
President Donald Trump announced that the United States will immediately begin a naval blockade of the Strait of Hormuz, escalating tensions in one of the world’s most strategic maritime routes. In a statement posted on social media, the U.S. president said the U.S. Navy would take action against......
Iran has acknowledged it cannot locate or remove all naval mines laid in the Strait of Hormuz during its conflict with the United States, U.S. officials said Friday. The admission adds a major risk to an already fragile ceasefire and to high-stakes talks scheduled in Islamabad. The disclosure, first......
Two liquefied petroleum gas tankers have passed through the Strait of Hormuz heading to India as Asian governments scramble to manage a widening energy crisis triggered by the United States and Israeli war with Iran and the disruption of shipping through the critical waterway. The conflict has sharply......
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