Oil prices are likely to remain volatile as long as the United States and Iran are unable to resolve the status of the Strait of Hormuz.
Category: Strait of Hormuz
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New Strikes on Ships in Strait of Hormuz Test U.S.-Iran Cease-Fire
A U.S. official said Iranian missiles struck two commercial ships. There was no immediate comment from Iranian officials on the reported attacks.
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Why One Global Shipping Choke Point Isn’t a Blueprint for Another
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.
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Shipping Traffic in Strait of Hormuz Picks Up Again
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.
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Ships Pull Back Amid Heightened Risk From Iran-U.S. Strikes
Four days of attacks by both countries forced a sharp decline in the number of vessels navigating through the Strait of Hormuz.
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Renewed Strikes Threaten Setback to Shipping Recovery in Persian Gulf
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.
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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.
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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.
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The Iran War’s Persistent Threat to Farmers in Poor Countries
A reopening of the Strait of Hormuz would do little to swiftly ease the pain inflicted by higher prices for fertilizer, food and fuel in Ivory Coast.
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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.