Category: Strait of Hormuz

U.S. Targets Iran’s Missile and Drone Program With Sanctions

The new measures are focused on Chinese companies that supply Iran’s military with materials to make drones.
Attack on French Cargo Ship Highlights Continued Risks in Strait of Hormuz

U.S. Central Command and the ship’s owner disagreed on whether the vessel coordinated safe passage with the United States military.
Maersk Ship Passed Strait of Hormuz Under U.S. Military Protection

A U.S.-flagged ship operated by a Maersk subsidiary exited under American military guidance, part of President Trump’s effort to encourage ships to pass the Strait of Hormuz.
Confusion in Strait of Hormuz Leaves Shipping Firms Guessing

The United States vowed to help tankers navigate the perilous conditions that have kept them stranded in the Persian Gulf, but it remained unclear if companies would try to get out.
OPEC Plus, in Symbolic Gesture, to Increase Oil Production

The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.
Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap

American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
Loss of Emirates Further Weakens OPEC’s Influence

The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
What Is OPEC, and How Does the Oil Cartel Influence Petroleum Prices?

The group of oil-producing countries supplied more than 25 percent of the world’s oil before the war in Iran. Its members have influenced energy markets through the years.
The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can

Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.
Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline

The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
Iran Again Tightens Its Grip on Shipping in the Strait of Hormuz

Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday. More than 300 ships linked to Iran have passed through the strait since the war began.
Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed

The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.