Category: Ships and Shipping

U.S. Pauses Sanctions on Some Iranian Oil to Get More to Market

The New York Times – Business:
Treasury Secretary Scott Bessent estimated that the move would add about 140 million barrels of crude to the oil market.
Attacks on Energy Infrastructure Could Lead to Much Higher Prices

The New York Times – Business:
Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
U.S. Suspends Oil Shipping Rules to Ease Gas Price Pressures

The New York Times – Business:
The Jones Act dictates that only ships made in the United States can transport cargo between U.S. ports. Such vessels, which must also be crewed by Americans, charge customers more than foreign ships.
Kharg Island Is an Appealing Target for Trump, With High Risks

The New York Times – Business:
A U.S. attack or a move to seize control of Iran’s main oil export hub could cripple the country’s ability to profit from its natural resources. But it would also risk sending energy prices even higher.
Iran’s Hormuz Stranglehold Upends Markets and Geopolitics

The New York Times – Business:
Energy prices continued to climb around the world as war in the Middle East intensifies. That has scrambled President Trump’s foreign policy strategy.
As War With Iran Hurts Oil Prices, U.S. Turns to Iranian Boats for Help

The New York Times – Business:
Iranian-linked ships carrying Russian oil were among those that received temporary exemptions from sanctions, a sign of how dire the energy crisis is becoming.
Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem

The New York Times – Business:
Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy

The New York Times – Business:
Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
U.S. Vows to Block Iran’s Attempt to Shut Down Strait of Hormuz

The New York Times – Business:
Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.
Trump’s Move to Seize Oil Tankers Costs the U.S. Tens of Millions of Dollars

The New York Times – Business:
Although President Trump said seizing tankers would be a financial boon, the cost of maintaining just one aging ship has already reached $47 million.
How the Iran War Threatens the Global Food, Energy and Other Supplies

The New York Times – Business:
Beyond its effects on oil and gas, the unfolding war in the Middle East is roiling shipping and airfreight, threatening the availability of a vast range of goods.
War in Iran Has India Scrambling to Keep Stoves Lit for Cooking

The New York Times – Business:
India relies on huge quantities of cooking gas that is normally shipped from the Persian Gulf.