Tag

Oil Shipping

All articles tagged with #oil shipping

world10 days ago•334 min saved

Iran’s Grip on Hormuz Strait Erodes as Oman Route Sees Surge in Traffic

Recent data indicate Iran has partially lost control of the Strait of Hormuz, as most vessel traffic in the waterway shifts to the Oman route under UN authorization; a strong U.S. naval presence appears to be guiding higher shipments through safer channels while Iran’s toll-collection influence wanes. Analysts note the strait remains contested, with ongoing talks between Oman and Iran about ensuring freer navigation, and overall oil flows still well below pre-war levels.

via CNN|

#iran #kpler #oil-shipping

world14 days ago•8 min saved

Hormuz Strait: Divided claims of control as traffic stays well below normal

Traffic through the Strait of Hormuz remains far below normal amid Iran–US tensions, with UKMTO data showing AIS transits roughly 90% below pre-conflict levels and only a modest late‑August uptick. Officials describe a divided reality: a northern route largely Iranian‑controlled and a southern route overseen by the U.S. Navy, while U.S. and Iranian figures offer conflicting claims of blockades versus openness. The International Chamber of Shipping says traffic is down but not stopped, and oil flows are estimated at about 9 million barrels per day leaving the Strait, with total flows near 15 mbpd when pipelines are included, plus private data noting ongoing movements and humanitarian risks for seafarers.

via Fox News|

#iran #maritime-traffic #oil-shipping

politics-and-government16 days ago•12 min saved

Hormuz data undercuts U.S. control claim as shipping traffic fades

White House officials push back on Trump’s claim of “total control” over the Strait of Hormuz, arguing traffic is better than some trackers suggest while data undermines U.S. dominance. Energy Secretary Wright cited “best available data” placing Arabian Gulf exports around 15 million barrels per day, yet data tracker Kpler logged only about 14 ship crossings on a Tuesday, with 11 using Iran-approved routes. Wright declined to share methodologies, provoking scrutiny over undercounting. The dispute comes as Iran talks intensify and markets doubt a swift resumption of flows; gas prices have topped $4 per gallon, and Treasury Secretary Scott Bessent warned the Strait could become irrelevant within the next two years due to underground pipelines.

via Yahoo Finance|

#energy-markets #kpler #oil-shipping

world20 days ago•3 min saved

Iran Hardens Conditions for Reopening Hormuz as Oman Talks Weave Through Delays

Iran unveiled a sweeping set of demands to reopen the Strait of Hormuz—urging the U.S. to withdraw its naval blockade, pay damages, unfreeze Iranian assets, lift sanctions, and end the conflict—while stressing that its Oman discussions on traffic management do not mean the strait will reopen. Washington has not responded, negotiations with the U.S. are paused, and the strait remains largely impassable amid broader regional tensions and potential rerouting of oil shipments.

via NBC News|

#iran #oil-shipping #oman

world1 month ago•4 min saved

Oil tops $100 as Houthis test Red Sea routes and market risk

Oil climbs past $100 a barrel as Yemen's Houthis declare a naval blockade at Bab el-Mandeb, forcing markets to watch which ships can pass through the Red Sea and how Saudi crude flows and diesel supplies may be affected, with analysts cautioning that enforcement is unpredictable and prices hinge on chokepoint dynamics, China’s role, and refining capacity.

via Al Jazeera|

#bab-el-mandeb #houthi-blockade #oil-prices

world1 month ago•3 min saved

U.S.-Iran Escalation Deepens as Strikes Proliferate and Peace Deal Fails

With the interim peace agreement collapsed, the U.S. conducted an eighth straight night of strikes on Iran in retaliation for an attack in Jordan that killed two American service members, while Iran retaliated against Gulf states hosting U.S. troops. The exchanges targeted IRGC facilities and coastal defenses, damaged a Kuwaiti desalination plant, and prompted missile interceptions in Jordan and Bahrain, raising fears for oil shipments through the Strait of Hormuz as casualties are reported and a war of words intensifies between Tehran and Washington.

via politico.eu|

#gulf-of-hormuz #iran-us-conflict #military-escalation

world2 months ago•3 min saved

Trump claims Hormuz shipping resumes as US-Iran MoU seeks de-escalation

President Trump says ships are moving through the Strait of Hormuz as the US and Iran sign a memorandum of understanding aimed at ending the conflict, with a 60-day window to negotiate core issues like Iran’s nuclear program, asset unfreezing, and sanctions; the US naval blockade remains in place until the signing ceremony, and timelines on de-mining and resuming normal shipping point to a gradual reopening of the strait.

via Al Jazeera|

#iran #oil-shipping #strait-of-hormuz

markets3 months ago•35 min saved

Iraqi Supertanker Reverses Course as Hormuz Traffic Remains Narrow

The Strait of Hormuz remains largely shuttered with Iran-linked vessels dominating the small flow of traffic. The Iraqi tanker Agios Fanourios I briefly cleared the strait over the weekend but halted its voyage to Vietnam and is retracing its route toward the Gulf, while a second Qatari LNG carrier, Mihzem, appears to have cleared Hormuz and is headed to Pakistan, underscoring continued risk and limited transit through the chokepoint.

via Bloomberg.com|

#agios-fanourios-i #hormuz #iraqi-supertanker

world4 months ago•31 min saved

Fragile Ceasefire Struggles to Reopen the Hormuz Strait, Shaping Global Trade

After a Pakistani-brokered ceasefire, the Strait of Hormuz remains largely blocked as Iran leverages tolls and, at times, mines to control passage. The US, Israel and Iran face diverging red lines on a longer-term settlement, while diplomacy—led by Oman, Pakistan, Egypt, Türkiye, China, and the UN—seeks to coordinate safe transit and a pathway to reopening. A durable reopening will likely require broader negotiations and sanctions relief, and the ongoing standoff threatens spillovers into Red Sea shipping and global energy markets if the strait stays constrained.

via International Crisis Group|

#gulf-arab-states #iran #oil-shipping

world5 months ago•4 min saved

Iran’s Safe Corridor Rewrites Hormuz Traffic Amid Wartime Disruption

War has effectively closed much of the Strait of Hormuz, prompting a northern 'safe corridor' near Iran’s coast and leaving about 1,000 vessels idle offshore. A handful of ships have transited with Iranian clearance—some reportedly paying fees up to around $2 million—but safety remains uncertain as IRGC control is fragmented. International efforts aim to reopen the strait and stabilize shipping and insurance amid rising energy prices.

via The Guardian|

#international-response #irgc #oil-shipping

world5 months ago•14 min saved

Bahrain's UN bid to open Strait of Hormuz meets international pushback

Bahrain pushed at the UN for a mandate to use all necessary means to keep the Strait of Hormuz open for international shipping, but the proposal drew opposition from several countries, highlighting global disagreements over how to safeguard this critical oil artery amid heightened regional tensions.

via AP News|

#bahrain #international-relations #oil-shipping

world5 months ago•3 min saved

US Plans Hormuz Tanker Escorts When Security Allows, Bessent Says

Treasury Secretary Scott Bessent told Sky News that the US Navy will escort oil tankers through the Strait of Hormuz as soon as militarily possible, potentially with an international coalition, as the strait remains a critical chokepoint amid war and rising crude prices; Iran's new supreme leader has urged keeping Hormuz closed as leverage, while officials say escort readiness depends on ensuring safe passage.

via CNBC|

#international-coalition #iran-war #navy-escorts

world5 months ago•12 min saved

Shadow Fleet Keeps Oil Moving as Hormuz Goes Quiet

With the Strait of Hormuz effectively closed amid US–Iran–Israel tensions, hundreds of tankers are stranded, but a “shadow fleet” of vessels that fly opaque flags, dodge insurers, alter identifiers, and conduct open-ocean transfers continues moving oil. The maritime system is voluntary—ships can switch flags, disable transponders, and rely on unknown insurers—so those skirting the rules can keep trade flowing even as compliant ships sit idle. This crisis highlights that the enforcement of shipping rules hinges on voluntary participation, and that, for now, illegal oil is the only oil moving.

via The Conversation|

#maritime-regulation #oil-shipping #sanctions

world5 months ago•3 min saved

US Signals Possible Return of Hormuz Tanker Escorts

President Trump indicated the US may restart naval escorts for tankers through the Strait of Hormuz, after earlier Navy briefings said escorts were unlikely, and said the Development Finance Corporation would provide political-risk insurance and guarantees for maritime trade. While industry awaited clarity on escort timelines, disruptions persist with tankers waiting and some Greek owners considering nighttime, AIS-obscured transits; oil markets showed limited price disruption, suggesting a temporary pause rather than a lasting shortage.

via Lloyd's List|

#gnss-interference #greek-shipowners #hormuz-strait

world6 months ago•9 min saved

EU weighs sweeping ban on shipping services for Russian oil amid shadow-fleet crackdown

The European Union is considering a full ban on maritime services—such as insurance and transport—used to move Russian oil, potentially replacing the current price-cap regime and choking Moscow’s oil revenue; this comes as a shadow fleet of tankers evades sanctions, with increasing risks from intercepts and Ukrainian attacks, and with any measure requiring unanimous EU approval.

via The Washington Post|

#eu-sanctions #maritime-services #oil-shipping