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Oil Shipments

All articles tagged with #oil shipments

energy3 months ago

Hormuz Oil Traffic Holds Steady Amid Iran Tensions, Wright Says

Energy Secretary Chris Wright said oil tankers continue to transit the Strait of Hormuz, with about two-thirds of pre-conflict traffic (~14 million barrels per day). He dismissed reports that most shipping has halted and framed the issue as ensuring flow of oil and gas with or without Iranian cooperation, even as fighting renews and a deadly attack at a U.S. base occurred. Wright tied the goal to President Trump’s mission of preventing Iran from obtaining a nuclear weapon.

via Politico|
#energy#energy-security#iran-conflict
Hormuz oil flows falter as renewed US-Iran fighting rattles markets
business3 months ago

Hormuz oil flows falter as renewed US-Iran fighting rattles markets

Oil shipments through the Strait of Hormuz have fallen back toward pre‑peace‑deal levels as renewed US–Iran fighting disrupts flows following a fragile ceasefire. Goldman Sachs says flows had recovered to about 60% of prewar levels but dropped to roughly 3–5 million barrels per day, leaving a Gulf-wide supply gap and pushing Brent above $84 and WTI above $79. The decline comes as US strikes and Iranian retaliations escalate, with a second naval blockade redirecting vessels. Analysts warn recovery could be slower this time due to limited stores and ongoing disruptions, keeping oil prices and volatility elevated amid shifting demand signals from major importers like China.

via Yahoo! Finance Canada|
#business#goldman-sachs#iran-us-conflict
Hormuz Strait Reopens to Busy Trade After US-Iran Deal
world3 months ago

Hormuz Strait Reopens to Busy Trade After US-Iran Deal

Since the US-Iran deal aimed at ending the conflict, the Strait of Hormuz has seen renewed shipping, with 172 vessels crossing and 42 on Saturday; more than 200 tankers remain waiting inside the strait as sanctions relief allows Iranian crude sales for 60 days. Traffic includes both resumed normal trade and some previously sanctioned tankers and LNG shipments, but overall crossings are still well below the pre-war daily average. The transit regime is being enforced by Iran’s PGSA with permit requirements, and mine concerns plus conflicting statements about the strait’s status continue to influence route choices and caution.

via BBC|
#oil-shipments#sanctions-relief#strait-of-hormuz
Desert Convoys Emerge as Oil Route Bypass for Hormuz Strait
world5 months ago

Desert Convoys Emerge as Oil Route Bypass for Hormuz Strait

With Iran controlling the Strait of Hormuz, some Middle Eastern firms are moving oil and fertilizer by land across the Arabian Desert, forming thousands-strong truck convoys that, while slower and costlier, keep trade flowing. Maaden has expanded its desert fleet from about 600 to as many as 3,500 trucks, using trains as well to reach ports not controlled by Iran; major shippers note the overland route cannot replace sea capacity but helps cushion supply chains and inflation. A vivid example is UK-to-Dubai shipments taking a 16-day land route via Europe and Egypt. The arrangement reflects a temporary workaround to geopolitical chokepoints, reshaping logistics and price dynamics without fully replacing traditional shipping.”

via Jalopnik|
#desert-convoys#maaden#oil-shipments
U.S. launches Strait of Hormuz mine-clearing push amid Iran tensions
world5 months ago

U.S. launches Strait of Hormuz mine-clearing push amid Iran tensions

The U.S. says its Navy is clearing Iranian mines in the Strait of Hormuz to restore passage for a major share of global oil shipments, but experts warn the effort could take months and may not fully reassure merchants or insurers. The push comes amid a fragile ceasefire and ongoing tensions, with officials noting that even after sweeping, confidence in a safe corridor remains uncertain and risk assessments by insurers are complicating transit decisions.

via PBS|
#iran#minesweeping#navy
Iranian Tankers Evade U.S. Blockade as Oil Flows Persist
world6 months ago

Iranian Tankers Evade U.S. Blockade as Oil Flows Persist

Despite a U.S. blockade aimed at Iran, data from Vortexa show at least 34 Iranian-linked tankers have bypassed restrictions since mid-April, with about 19 tankers exiting the Gulf carrying crude (roughly 10.7 million barrels worth ~$910 million at a $10 Brent discount). Some used ship-to-ship transfers and off-transponder signaling to mask origin; Iran says the Strait of Hormuz is open only with Tehran’s permission, while the U.S. has directed 28 vessels to turn back. Shipping remains contested, described by owners as a 'double blockade.'

via Financial Times|
#iran-us-blockade#oil-shipments#sanctioned-tankers
Iran Pushes Toll on Strait of Hormuz to Turn Shipping into Revenue
world6 months ago

Iran Pushes Toll on Strait of Hormuz to Turn Shipping into Revenue

Iran is pushing a plan to monetize transit through the Strait of Hormuz by charging tolls on ships, tying passage to its geopolitical demands as it signals a “new regime” for the chokepoint. If implemented, fees could generate hundreds of millions to billions in revenue and rival the Suez Canal, but experts say such transit charges lack a clear basis under international law. The move underscores Tehran’s leverage from shipping disruptions, even as Western powers warn against tolls while some vessels reportedly test paid routes.

via CNN|
#energy-markets#iran-sanctions#oil-shipments
"US and South Korea Form Task Force to Halt North Korea's Oil Shipments"
international-relations2 years ago

"US and South Korea Form Task Force to Halt North Korea's Oil Shipments"

The US and South Korea have established a task force, the Enhanced Disruption Task Force (EDTF), to prevent North Korea from obtaining illicit oil, amid concerns over potential Russian assistance. The task force aims to disrupt North Korea's refined oil procurement networks and consider actions to expose sanctions evasion activities and engage private sector and third-party actors. This move comes as deadlock at the UN Security Council raises doubts about the future of international sanctions on North Korea.

via Reuters|
#international-relations#north-korea#oil-shipments