Category: Ships and Shipping

Oil Prices Jump After Renewed Strikes in Gulf Put Shipping Recovery at Risk

The New York Times – Business:
Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region.
New Strikes on Ships in Strait of Hormuz Test U.S.-Iran Cease-Fire

The New York Times – Business:
A U.S. official said Iranian missiles struck two commercial ships. There was no immediate comment from Iranian officials on the reported attacks.
Ships Are Moving In and Out of the Persian Gulf, Easing Oil Prices

The New York Times – Business:
A recovery in oil flows from the Persian Gulf and a pledge by OPEC Plus to pump more crude have put downward pressure on energy prices.
OPEC Plus Pledges to Pump More Even as Oil Prices Fall

The New York Times – Business:
The cartel’s decision comes as U.S.-Iran talks to end the war have eased pressure on oil supplies, even as broader market and political volatility persists.
Why One Global Shipping Choke Point Isn’t a Blueprint for Another

The New York Times – Business:
The Strait of Malacca may be a model for how Oman and Iran could collect fees in the Strait of Hormuz, but the differences between the waterways are vast.
Shipping Traffic in Strait of Hormuz Picks Up Again

The New York Times – Business:
Vessels stranded for months have started moving in larger numbers, but many pulled back over the weekend after Iran and the U.S. exchanged attacks.
Ships Pull Back Amid Heightened Risk From Iran-U.S. Strikes

The New York Times – Business:
Four days of attacks by both countries forced a sharp decline in the number of vessels navigating through the Strait of Hormuz.
China Emerges as a Relative Winner From Strait of Hormuz Crisis

The New York Times – Business:
A report examines how the war in Iran has weighed on Asian economies, but left China in a more advantageous position.
Renewed Strikes Threaten Setback to Shipping Recovery in Persian Gulf

The New York Times – Business:
The attacks came after traffic through the Strait of Hormuz had reached the highest levels since the start of the U.S. war in Iran.
Oil Prices Return to Prewar Levels After Four Months

The New York Times – Business:
The cost of crude has become a real-time barometer of the Iran war’s toll on the global economy.
How a Jet Fuel Refinery Is Scrambling After the Iran War Oil Shock

The New York Times – Business:
For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.
Iran Strikes Ship in Strait of Hormuz, Undermining Efforts to Restore Traffic

The New York Times – Business:
The attack, confirmed by U.S. and Iranian officials, came after Tehran threatened to disrupt shipping in the waterway and as Washington sought regional support for its peace agreement.