News

90 Ships Keep Crossing Strait of Hormuz Despite Iran War Escalating  Altitudes Magazine

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Oil and gas prices have been driven up as Iran has throttled key shipping routes through the Strait of Hormuz.

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The Israeli-US war on Iran has provoked a reaction from Tehran that has effectively choked a large chunk of the world's oil supply, and untangling the blockage will take a regional effort beyond what is currently being proposed, experts have told AFP. President Donald Trump has repeatedly urged other global powers to send warships to escort convoys of tankers through the Strait of Hormuz, a vital waterway for the world's oil and liquefied natural gas supplies.

The hidden nightmare that makes the Strait of Hormuz so dangerous  The Independent

Some Win, Some Lose, All Sing the Blues: Global Impacts of Hormuz Closure  Geopolitical Monitor

The head of the UN's maritime body Wednesday urged "practical measures" to protect trade ships threatened by the Middle East war, as he opened an emergency meeting amid fears for thousands of stranded ships and seafarers. The International Maritime Organisation -- responsible for regulating international shipping safety -- will discuss efforts to ease the shipping crisis during the two-day gathering at its London headquarters.

Iranian Oil And Some Ships Are Passing Through Hormuz, Data Shows  Forbes

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Plastics, aluminum, and microchips: What the closure of the Strait of Hormuz costs the world economy beyond oil and gas  EL PAÍS English

Nearly 90 ships pass through Strait of Hormuz with Iran's permission  AzerNews

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Iraq resumes Kirkuk oil exports to Turkey via Ceyhan pipeline Iraq has restarted crude exports from the Kirkuk oilfields to Turkey’s Ceyhan port after Baghdad and the Kurdistan Regional Government struck a deal to resume flows. The state-run North Oil Company said shipments would begin with an initial capacity of about 250,000 barrels per day. The KRG confirmed the agreement and said a joint committee would oversee preparations and return revenue to Iraq’s federal treasury. Officials also agreed to strengthen security around oilfields and export infrastructure to keep shipments running. Global oil prices, which surged roughly 30 percent since the Israeli-US war on Iran began on 28 February.

About 90 ships cross the Strait of Hormuz as Iran exports millions of barrels of oil despite the war  WCVB

From Strait of Hormuz to Panama Canal: Key Choke Points  We Build Value