After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.
Category: Ships and Shipping
-
Even After a Strait of Hormuz Deal, Moving 1,500 Ships Won’t Be Easy
An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.
-
Reopening of Strait of Hormuz Still a Question Mark
Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.
-
The War-Driven Supply Shock Already Roiling Manufacturing in Asia
A shortage of naphtha, stemming from the blockade of the Strait of Hormuz, is disrupting manufacturing and retail goods in Japan and South Korea.
-
The Risks of Iran’s Threat to Control the Strait of Hormuz
Iran is trying to assert its control over the strait by charging for passage. Experts say it is unlikely to happen, but the threat has unsettled the shipping industry.
-
In Qatar, Energy Sector Damage Is Severe, and the Way Back Will Be Long
Iranian strikes and a blockade have paralyzed Qatar’s gas engine, creating a technical bottleneck likely to stall exports for years.
-
Attack on French Cargo Ship Highlights Continued Risks in Strait of Hormuz
U.S. Central Command and the ship’s owner disagreed on whether the vessel coordinated safe passage with the United States military.
-
Why Is Gas So Much More Expensive in Some States Than Others?
Shipping, taxes, competition and environmental regulations all play a part in the cost of gasoline. That can lead to stark differences in pump prices.
-
Maersk Ship Passed Strait of Hormuz Under U.S. Military Protection
A U.S.-flagged ship operated by a Maersk subsidiary exited under American military guidance, part of President Trump’s effort to encourage ships to pass the Strait of Hormuz.
-
Confusion in Strait of Hormuz Leaves Shipping Firms Guessing
The United States vowed to help tankers navigate the perilous conditions that have kept them stranded in the Persian Gulf, but it remained unclear if companies would try to get out.
-
3 Dead in Hantavirus Outbreak Aboard Cruise Ship, W.H.O. Says
One case of hantavirus infection has been confirmed in a laboratory, the organization said on Sunday. There are five additional suspected cases.