The German chancellor is the latest European leader to criticize the U.S. after Washington temporarily eased Russia sanctions
This U.S.-centric insurance idea runs counter to the realities of an international market, according to industry executives
The “sirens of war” again erupted in the Middle East on the last day of February, last month, with the coordinated and large-scale US and Israeli strikes against Iran, followed by the latter’s retaliation across the wider region.
Financial Times reports that european governments are seeking guarantees for safe shipping through the Strait of Hormuz as energy flows remain disrupted and Iran’s new supreme leader vows to keep the key waterway closed
'There are, in fact, tankers coming through now, Iranian tankers, I believe some Chinese flag tankers have come through. So, we know that they have not mined the strait'
At least 16 vessels have been hit near the Strait of Hormuz since the war began, including two Greek-owned ships. U.S. Energy Secretary Chris Wright said naval escorts could come “relatively soon,” but added the U.S. military is “simply not ready” to start at the moment
The U.S. has turned down requests to escort ships in the strait. The IEA will launch the largest-ever oil release from emergency stocks
A bulk carrier operated by Greek shipowner Petros Pappas’ Star Bulk Carriers was struck near Dubai Wednesday, one of three vessels hit in separate incidents in the Strait of Hormuz, a critical global energy and shipping corridor.
Tehran is letting ships carrying its crude go through the strait, while it scares off others that would dare
Iran’s Revolutionary Guards say the Strait of Hormuz will remain open but warn vessels linked to the United States and Israel could be attacked as tensions disrupt shipping through the key oil transit route
Qatar's energy minister told the Financial Times in an exclusive interview that a continued Middle East war could send oil to $150 a barrel and force every Gulf energy exporter to halt shipments within days.
Greece maintains a strong trade presence across the region, but escalating conflict and shipping disruptions threaten to erode billions in annual export revenue
Eighty-five Greek sailors aboard ten vessels face heightened risks in the Persian Gulf and Strait of Hormuz as attacks on ships and offshore facilities escalate. Families anxiously await news of their safe return
Ship traffic slowed to a halt after the Iran conflict broke out, stalling oil and container ships
Short-term LNG freight rates have surged over 20%, and VLGC earnings have climbed sharply amid rising market uncertainty.
US president moves to stabilize oil markets as Strait of Hormuz shipments are disrupted, with war-risk premiums surging and energy prices climbing amid Middle East conflict
Dozens of ships remain stranded as traffic through the vital oil route stays shut for a fourth day, with Greece urging protection for global shipping and seafarers amid the escalating Iran conflict
Shipping groups said over the weekend that they are avoiding the Suez Canal and Strait of Hormuz until further notice
Two cruise ships owned by Greek-affiliated Celestyal Cruises—the Celestyal Journey and Celestyal Discovery—are currently docked in Doha, Qatar, and Dubai, UAE.
Gas prices have climbed in recent days as global markets react to escalating conflict, with further increases possible depending on developments in key oil transit routes