South Korea’s Sinokor controls about half the tanker transits through the Strait of Hormuz, benefiting from a big bet just before the war in Iran started.
Category: Persian Gulf
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How a Little-Known Company Dominated the Persian Gulf Oil Trade
The New York Times – Business: -
Attacks on Tankers in Mideast Surge, but Oil Exports Remain Steady
The New York Times – Business:Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed.
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Attacks on Tankers in Mideast Surge, but Oil Exports Remain Steady
The New York Times – Business:Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed.
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Families of Sailors Killed in Gulf Struggle for Compensation and Closure
The New York Times – Business:Attacks near the Strait of Hormuz have claimed the lives of at least 25 seafarers. Their survivors are reeling.
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Families of Sailors Killed in Gulf Struggle for Compensation and Closure
The New York Times – Business:Attacks near the Strait of Hormuz have claimed the lives of at least 25 seafarers. Their survivors are reeling.
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Oil Is Flowing From the Persian Gulf, but Prices Remain High. Why?
The New York Times – Business:Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.
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Mideast Oil Exports Rebound Even as Prices Remain Elevated
The New York Times – Business:More tankers are moving through the Strait of Hormuz as shippers gain confidence, but the global supply of oil is still below demand.
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What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.
The New York Times – Business:President Trump recently blamed Ukrainian attacks on Russian refineries for causing a spike in diesel prices, but analysts say the Iran war is probably a bigger factor.
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Iran’s Attacks Keep the Strait of Hormuz in a Lethal Stalemate
The New York Times – Business:The U.S. military is helping oil get out of the Persian Gulf on tankers, but Iran is still attacking the ships and scaring operators away.
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Why These Giant Storage Tanks Increasingly Hold Very Little Oil
The New York Times – Business:Oil companies and governments are consuming their once vast stockpiles as Iran and the United States continue to struggle for control over the Strait of Hormuz.
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Under Threat, Saudi Arabia Reroutes Oil Exports Yet Again
The New York Times – Business:Forced away from the Strait of Hormuz in the Persian Gulf, the Saudis turned to the Red Sea. Now they are relying on a less dangerous but more complicated detour via the Suez Canal.
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Iran Warns Gulf States Not to Join Trump’s Economic War
The New York Times – On the Runway:Iran’s new hard-line national security adviser, Mohsen Rezaei, vowed to prevent “a single drop of oil” from leaving the region.