Topic
11 articles
Maritime advocacy groups cautiously welcome a temporary agreement to reopen the Strait of Hormuz, raising hopes that around 20,000 stranded seafarers can soon return home after months of conflict.
35 more vessels have passed through the Strait of Hormuz under coordinated security operations. The ships included oil tankers, cargo vessels and military craft, with no incidents reported. The strategic waterway handles about 20% of global oil traffic.
Military tensions between the US and Iran at the Strait of Hormuz are escalating, threatening global energy security. The strategic waterway handles about 20% of the world's crude oil and LNG, disrupting shipping and risking higher oil prices. The international community urges restraint and dialogue to avoid a major conflict.
The closure of the Strait of Hormuz due to the Iran conflict has cut off bunker oil supplies, raising shortage fears at major refueling hubs like Singapore. This could lead to widespread fuel scarcity, higher shipping costs, and delays in global supply chains. Shipping lines may need to adjust schedules or reduce speeds to save fuel.
A surge in ship traffic caused by Middle East conflicts is putting whales off South Africa at heightened risk of vessel strikes, researchers warn. The shift in global shipping lanes from late 2023 has nearly doubled commercial vessel numbers around the Cape of Good Hope.
A South Korean oil tanker has safely passed through the Red Sea and is en route home, marking the fourth such successful crude oil shipment, the Ministry of Oceans and Fisheries said Friday. The unnamed vessel completed its transit amid heightened tensions and Houthi attacks on commercial shipping. The ministry pledged continued coordination with military and agencies to ensure vessel safety.
Iran’s Revolutionary Guards Navy has promised safe passage through the Strait of Hormuz once U.S. threats end and new procedures are set, after President Trump paused a military operation guiding ships through the waterway. The move follows Iran’s creation of a new authority to manage the strait, which it blocked in late February after U.S.-Israel attacks. A French container ship was attacked in the strait on May 6, and Gulf economies continue to lose $700 million daily due to disrupted oil shipments.
Brent crude jumped nearly 6% after conflict erupted in the Strait of Hormuz, threatening a fragile US-Iran ceasefire. The US military said it destroyed six Iranian vessels in response to attacks on commercial ships, while Iran denied the claims. Analysts warn of prolonged high oil prices due to infrastructure damage and potential strait closure.
MT Sarv Shakti, carrying 46,313 tonnes of liquefied petroleum gas and 20 crew members, passed through the Strait of Hormuz on May 2 and is expected to arrive in India by mid-May.
