News

A widening war in Iran has halted oil tankers, made targets of refineries and spooked investors worried about the cascading impact of spiking energy prices

Seafarers Are Being Asked to Risk a Deadly Strait  Foreign Policy

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France to deploy two warships to the Strait of Hormuz while Royal Navy vessel remains in Portsmouth  GB News

The Strait of Hormuz: A historical perspective on oil’s most critical chokepoint  Oil & Gas 360

Trump considers seizing Strait of Hormuz over oil  Українські Національні Новини (УНН)

Shadow fleet dominates Hormuz crossings as Iran ramps up bypass loadings  Lloyd's List

Why drilling more oil in the US can’t bring down gas prices  CNN

Russian president spoke as oil prices surged past $100 per barrel, reaching levels unseen since start of Ukraine war.

Global shipping giant MSC announced Monday it was formally halting certain export shipments from the Gulf because of the Middle East war and that "all affected cargo will be discharged". "In light of the ongoing and exceptional security situation in the Middle East... it is necessary to declare an 'End of Voyage' for certain export shipments" from Gulf ports, "whether located ashore or already onboard", MSC said in an advisory notice to customers.

Why the Strait of Hormuz is so difficult to defend  Axios

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Iran Says Strait of Hormuz Unsafe Amid Ongoing War  Caspianpost.com

Oil surges amid Iran conflict — how high will gas prices go?  The Hill

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Strait of Hormuz will stay ‘effectively closed harder for longer’ than consensus believes – economist  Seeking Alpha

With crude oil briefly nearing $120 per barrel on Monday before giving up gains, the conflict is poised to reignite inflationary pressures around the world, including for vulnerable economies such as Egypt and Turkey.

Macron orders ‘unprecedented’ naval deployment to Strait of Hormuz  Yahoo

Ships anchored in the Gulf or transiting the Strait of Hormuz are changing their tracking data to boast links to China in an attempt to evade Iranian attacks, according to data from shipping tracker Marine Traffic analysed by AFP. Iran has effectively closed the vital waterway since US-Israeli strikes on it began on February 28, and at least 10 vessels have been attacked since. But by claiming to have an "all-Chinese crew" aboard, or changing their destination to "Chinese owner", vessels are linking themselves to Iran's most important economic partner, Beijing.

Hormuz shutdown blocks energy and crop nutrients, rattling agriculture markets and supply chains  Anadolu Ajansı