Category: Ships and Shipping

How a Jet Fuel Refinery Is Scrambling After the Iran War Oil Shock

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 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.
Movement Through Strait of Hormuz Is Halted After Attack on Cargo Ship

The strike on a vessel near the coast of Oman prompted a U.N. agency to pause an evacuation of ships from the Persian Gulf.
Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz

Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.
Iranian Oil Is Moving Again, but Getting Through the Strait Is Complicated

With the central route of the Strait of Hormuz laden with mines, ships are taking the northern route in Iranian waters or the southern path in Omani waters. Both have risks.
U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf

U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
Mines, Logistics and Deep Uncertainty Threaten a Middle East Oil Rebound

More oil is getting out of the Persian Gulf, but the region’s producers are looking for signs that it is safe as they ramp up plans for alternative routes.
After Deal to Reopen Strait of Hormuz, Ships Begin to Move Cautiously

Shipping companies hoping to get their stranded vessels out face complications like mines and the lack of clear coordination.
Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth

After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.
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.