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 ...
Tag: Ships and Shipping
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 ...
Despite US Help, Little Oil Has Gone Through Strait of Hormuz
Even as the United States tries to negotiate an end to the war with Iran and open the Strait of ...
Oil Prices Jump as Middle East Tensions Build
Oil prices surged on Monday after more signs showed that peace talks between Iran and the United States were faltering.Brent, ...
U.S. Military Is Quietly Guiding Ships Through the Strait of Hormuz
American forces in recent weeks have helped coordinate the passage of dozens of commercial vessels through the Strait of Hormuz, ...
Even After a Strait of Hormuz Deal, Moving 1,500 Ships Won’t Be Easy
When the Strait of Hormuz finally reopens, shipping companies will need to know which oil tankers get to start moving ...
Reopening of Strait of Hormuz Still a Question Mark
The United States and Iran have reached a deal in principle that calls for the reopening of the Strait of ...
The War-Driven Supply Shock Already Roiling Manufacturing in Asia
Countries in Asia are reeling from a shortage of naphtha, a petroleum derivative used in a dizzying array of products, ...
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