News

Video: At Least Three Ships Struck Around Strait of Hormuz  The New York Times

All you need to know about the Strait of Hormuz  350.org

What Is the Strait of Hormuz? Why It's Important and What's At Stake  Katie Couric Media

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Three cargo ships damaged by ‘projectiles’ in Strait of Hormuz  Colorado Politics

By Cassell Bryan-Low LONDON, March 11 (Reuters) - Naval drones have been used in at least two attacks on oil tankers in the Gulf region since war erupted between the U.S., Israel and Iran, according to maritime authorities and analysts, demonstrating a dangerous new threat in the key shipping lane. The emergence of the use of explosive-laden unmanned surface vessels, which Ukraine has used with great effect in its war with Russia, comes as Iran threatens to block oil shipments from transiting the key Strait of Hormuz, the chokepoint for one-fifth of the world's oil.

Iran Conflict Brief: What It Will Take to Open Up the Strait of Hormuz  CGEP

Chubb Named Lead Insurer for U.S. Plan to Protect Oil Tankers in Strait of Hormuz  Barron's

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Crew on-board a nearby vessel at Oman’s Salalah port filmed the moment a drone struck the oil facility.

Iran war has blocked the Strait of Hormuz, a vital oil chokepoint. Reopening it is a big challenge  AP News

Report: "Serious" risk of oil spill in Strait of Hormuz  CNN

Missiles and mines: Why it's so hard to get oil through the Strait of Hormuz right now  NBC News

Middle East crisis live: three ships hit in strait of Hormuz as ‘largest ever’ oil reserve release agreed by 32 countries  The Guardian

IEA to release one-third of total oil reserve stock to combat energy crisis Sean Mathews on Wed, 03/11/2026 - 16:12 Vessels carrying Iranian crude for China have been passing through the Strait of Hormuz, but it's effectively closed for western ships A general view shows Ras Tanura's oil production plant near Dammam in Saudi Arabia's Eastern Province, on 27 December 2004 (Bilal Qabalan/AFP) Off The International Energy Agency (IEA) said on Wednesday that its member countries agreed to unlock 400 million barrels of oil from their reserves, as the US-Israeli war on Iran cut off supplies from the Gulf. "The oil market challenges we are facing are unprecedented in scale; therefore, I am very glad that IEA member countries have responded with an emergency collective action of unprecedented size," IEA executive director Fatih Birol said. The release is a historic record for IEA member countries and far exceeds the 182 million barrels of oil they released in 2022 after Russia’s invasion of Ukraine jolted energy markets. The US, UK, France, Germany, and Turkey are just some of the 32 IEA members that hold over 1.2 billion barrels of public emergency oil stocks, with a further 600 million barrels of industry stocks held under government mandates. "The emergency stocks will be made available to the market over a timeframe that is appropriate to the national circumstances of each member country and will be supplemented by additional emergency measures by some countries," the IEA said. (adsbygoogle = window.adsbygoogle || []).push({}); The statement, however, left key questions unanswered. For example, it did not specify how many barrels per day would be released immediately to offset Iran’s closure of the Strait of Hormuz. Separately, Japan announced that it would release roughly 80 million barrels from its reserves starting on Monday, equivalent to about 45 days of supply. If that oil hits the market next week, it could be more meaningful in the short term. Roughly 20 percent of the world’s seaborne crude and natural gas passes through the Strait of Hormuz. In sum, that is around 18 million barrels per day (bpd) of oil and four million bpd of refined product crossing the strait. The Strait of Hormuz is effectively closed for western vessels as a result of Iranian attacks and insurance companies dropping war risk coverage for vessels. But a shadow fleet of tankers that is used to ferry Iranian crude to China has continued to transit the waterway. In fact, Iran is exporting more oil than before the war, according to data from energy firm Keplr. (adsbygoogle = window.adsbygoogle || []).push({}); 'Bottleneck' Oil and gas shipments from Kuwait, Bahrain, Iraq, the UAE, and Qatar, however, are effectively blocked from the Strait of Hormuz. The closure has put a spotlight on a 750-mile desert pipeline in Saudi Arabia. The East-West pipeline runs from the Abqaiq oil field on the kingdom's eastern Gulf coast to the port of Yanbu on the Red Sea, and can transport seven million bpd. 'Swinging into action:' The Saudi Arabian pipeline designed to bypass Hormuz Read More » The US and its allies have been able to keep the market price of Brent Crude in check by releasing reserves and leaning on Saudi Arabia’s pipeline, but experts say Brent’s price does not tell the whole story for the global economy. Brent was trading up 4.46 percent on Wednesday at $91.66 per barrel. The global economy, however, faces shortages of diesel, jet fuel, and fuel oil, which are refined products of crude oil. Releasing more Brent will not address those shortages unless Gulf refineries can resume exports through the Strait of Hormuz. “The bottleneck is in the refined products more than crude oil,” Arne Lohmann Rasmussen, chief analyst and head of research at Global Risk Management, told Middle East Eye. “The market and economists don’t understand this.” War on Iran News Post Date Override 0 Update Date Mon, 05/04/2020 - 21:19 Update Date Override 0

The International Energy Agency has agreed to release a record 400 million barrels of oil.

What to know about the Strait of Hormuz, a key passageway essential for global energy supply  WISN

Qatar announced a production halt at a facility last week and declared force majeure on LNG shipments.

People on the coast of the United Arab Emirates can see oil tankers and cargo ships line up in the Strait of Hormuz while playing on swings, riding horses and camping out on the beach near Khor Fakkan, as the war in Iran affects the global energy supply.

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