Commercial vessel traffic through the crucial Strait of Hormuz appeared to remain limited over the past day, amid uncertainty over prospects for a U.S.-Iran peace deal. Just two inbound commercial transits were observed on Tuesday morning, following two outbound ships on Monday, according to ship-tracking data compiled by Bloomberg. Shipowners had recently become more optimistic about a […]
Several vessels transiting through the Strait of Hormuz have been attacked in recent days, underscoring the “very real” risks that remain for shipowners in the Persian Gulf whether or not a peace accord is signed, Chevron Corp. Chief Executive Officer Mike Wirth said.
An unofficial draft of a U.S.-Iran interim peace deal says maritime traffic through the Strait of Hormuz can return to normal within a month of the agreement being finalized, according to Iranian state television.
Two liquefied natural gas carriers and a supertanker have traversed the Strait of Hormuz over the past couple of days, with the LNG vessels heading for Pakistan and China, and the tanker, loaded with Iraqi crude, is en route to China.
The U.S. and Iran are moving closer to a potential agreement that could reopen the Strait of Hormuz, though negotiators remain divided on key provisions tied to sanctions relief, uranium enrichment and enforcement measures.
What would the implications be for the oil market if Iran decided to permanently tax/toll traffic through the Strait of Hormuz? According to Howard Shatz, a senior economist at RAND and a professor of policy analysis at the RAND School of Public Policy, if the U.S.-Iran conflict led to a permanent tax or toll in […]
President Donald Trump said Chinese President Xi Jinping supports diplomatic efforts aimed at reopening the Strait of Hormuz as ongoing disruption to Middle East shipping continues to pressure global energy markets.
Global oil markets could remain physically tight for months even if a diplomatic resolution to the Iran war is reached soon, according to Kojo Orgle, oil, gas and NGL analyst at ICIS, who said prolonged disruptions tied to the Strait of Hormuz are increasingly pressuring inventories, shipping flows and refinery supply chains.
The U.S. Energy Information Administration will begin publishing new quarterly energy security datasets on May 13 covering global strategic petroleum reserves and shipping flows through key oil and LNG chokepoints, as ongoing disruption in the Strait of Hormuz continues to reshape global energy markets.
Commercial shipping traffic through the Strait of Hormuz remained severely restricted Tuesday as an Iraqi crude supertanker reversed course near the U.S. naval blockade line, underscoring mounting risks for oil and LNG flows through one of the world’s most critical energy chokepoints.