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
-
New Strikes on Ships in Strait of Hormuz Test U.S.-Iran Cease-Fire
The New York Times – Business:A U.S. official said Iranian missiles struck two commercial ships. There was no immediate comment from Iranian officials on the reported attacks.
-
Why One Global Shipping Choke Point Isn’t a Blueprint for Another
The New York Times – Business: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.
-
Shipping Traffic in Strait of Hormuz Picks Up Again
The New York Times – Business: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.
-
Ships Pull Back Amid Heightened Risk From Iran-U.S. Strikes
The New York Times – Business:Four days of attacks by both countries forced a sharp decline in the number of vessels navigating through the Strait of Hormuz.
-
Renewed Strikes Threaten Setback to Shipping Recovery in Persian Gulf
The New York Times – Business: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.
-
Movement Through Strait of Hormuz Is Halted After Attack on Cargo Ship
The New York Times – Business: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
The New York Times – Business:Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.
-
The Iran War’s Persistent Threat to Farmers in Poor Countries
The New York Times – Business: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.
-
U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf
The New York Times – Business:U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.