A handful of vessels have crossed the crucial waterway since the U.S.-Iran truce began, but shipowners, insurers and others are wary of safe passage.
Category: Ships and Shipping
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Why It Could Take Months for Gas Prices to Fall, Even If the Strait of Hormuz Reopens
Some wells can be turned on in days or weeks, but bringing the Gulf’s energy system back to something akin to normal will take months.
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Why You Can’t ‘Flick a Switch’ to Get Oil and Gas Flowing Out of the Persian Gulf
Some wells can be turned on in days or weeks, but bringing the Gulf’s energy system back to something akin to normal will take months.
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OPEC Plus Warns of Slow Recovery After War in Iran
The group of influential oil exporters also said it was increasing its production quotas, a largely symbolic move.
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Oil Prices Jump and Stocks Drop After Trump’s White House Speech
President Trump claimed in a White House address that the war on Iran was “nearing completion” but made no new announcements about the conflict.
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Why the Iran War May Force Countries to Rely Less on Natural Gas
The U.S. and other exporters are poised for a windfall, but disruptions to Persian Gulf supplies are also pushing gas-buying countries to consider alternatives like coal, solar and nuclear energy.
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Iran Moves to Formalize Toll Plan in Strait of Hormuz
Tehran has effectively closed off the critical waterway, turning back container ships on Friday, and Iranian lawmakers are considering whether to formalize charging fees to pass.
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Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists
Fertilizer prices are climbing as a result of disruptions in the Middle East, putting global food supplies at risk.
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Spiking Diesel Prices Mean Everything Will Get More Expensive
Diesel has climbed faster than gasoline this month, directly hitting businesses, from brewers to trucking companies. Those higher costs are likely to make their way into consumer prices.
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Stocks Sink and Oil Dips After Trump Delays Threat to Bomb Iran
President Trump said on Thursday he would delay an imminent deadline to begin attacking Iran’s power grid.
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Iran Keeps a Tight Grip on Strait of Hormuz, Pressuring Shipping and Energy Sectors
Iran has allowed a small number of vessels to pass, but that won’t alleviate pressure or risk for the shipping industry and energy markets any time soon.
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Europe Heads for Another Energy Shock in a Vulnerable State
The region’s stores of natural gas are running at the lowest level in years, and filling them up is increasingly daunting as the U.S.-led war in Iran pushes up prices.