Oil Prices Rise to $90 a Barrel Over U.S.-Iran Stalemate
The price of oil continued to climb on Tuesday, reaching $90 a barrel for the first time in two weeks ...
Tag: Ships and Shipping
Drought Threatens a Vital Economic Artery in the Heart of Europe
Ferocious heat waves, wildfires and freakish storms have pulverized Europe this summer. Now a series of droughts, magnified by climate ...
Sailors Working in Strait of Hormuz Are Caught in Crossfire of Iran War
Trapped on a commercial ship anchored four miles off Iran’s coast, about two dozen merchant seamen are entering their fourth ...
Shipping Risks Rise Across Crucial Middle East Oil Routes
Ships transporting energy products out of the Middle East face a heightened risk of attack in two critical waterways, further ...
Iran War Forces Energy Buyers to ‘Unshackle’ From Global Markets
For the past two decades, major exporters and traders of liquefied natural gas have pitched the fuel as a panacea ...
Tankers Sail Through Red Sea Despite Houthi Blockade
Days after the Iranian-backed Houthi militia announced the blockade of a vital shipping passage through the Red Sea, dozens of ...
Global Oil Price Nears $100 a Barrel as Conflict With Iran Deepens
Oil prices continued to rise on Thursday as fighting between the United States and Iran and its allies escalated, adding ...
Houthis Threaten Red Sea Blockade, Putting Oil Market at Greater Risk
Threats from the Iran-backed Houthi militant group this week to block Saudi Arabia’s use of the Red Sea risk cutting ...
Oil Rises After Weekend of Back-and-Forth Strikes by U.S. and Iran
The continued cycle of attacks between Iran and the United States in the Persian Gulf posed fresh risks to ships ...
Oil Prices Jump After U.S. and Iran Trade Strikes in Persian Gulf
Oil prices surged on Wednesday after U.S. and Iranian forces traded strikes in the Persian Gulf and the Trump administration ...
New Strikes on Ships in Strait of Hormuz Test U.S.-Iran Cease-Fire
Strikes on commercial ships in the Strait of Hormuz presented another test of the fragile cease-fire between the United States ...
OPEC Plus Pledges to Pump More Even as Oil Prices Fall
The oil cartel known as OPEC Plus announced on Sunday a modest increase in how much it plans to pump, ...
Why One Global Shipping Choke Point Isn’t a Blueprint for Another
As Iran and Oman explore ways to charge ships transiting the Strait of Hormuz, attention has turned to another maritime ...
In Strait of Hormuz, Renewed Strikes Threaten to Set Back Shipping Recovery
A renewal of strikes by the forces of Iran and the United States threatened the nascent recovery of shipping in ...
Oil Prices Return to Prewar Levels After Four Months
Oil prices have fallen to levels not seen since before the war in Iran started, offering relief to households, businesses ...
Mines, Logistics and Deep Uncertainty Threaten a Middle East Oil Rebound
Oil is trickling out of the Persian Gulf as stranded tankers take advantage of the fragile détente between the United ...
Stranded Ships Hoping for Escape Find a Turbulent Strait of Hormuz
Oil prices, after falling sharply this week, rose.On Friday, at least five tankers moved through the strait, and on Thursday, ...
Average U.S. Gasoline Price Falls Below $4 for First Time in Months
The average price of U.S. gasoline fell below $4 a gallon on Thursday for the first time in months, after ...
Allowing Iran to Charge Fees in Strait of Hormuz Would Set ‘Dangerous Precedent,’ Maersk CEO Says
Any agreement allowing Iran to charge fees in the Strait of Hormuz would set a “dangerous precedent” for global trade, ...
Hormuz Reopening Would Offer Relief for Asia, but Economic Scars Will Remain
A potential U.S.-Iran agreement to reopen the Strait of Hormuz would offer near-term relief for Asia, the region outside of ...
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