Strait of Hormuz Tanker Traffic Erodes Further as Oil Prices Rise
Very few ships passed through the waterway on the first full day of the U. S. naval blockade of Iran.
Source: New York Times Iran ▾
-
-
Oil Prices Tick Higher as U.S. Reinstates Iran Blockade
The United States reinstated its blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare in the critical waterway.
-
Trump Drops Plan to Tax Ships in Strait of Hormuz as Fighting with Iran Escalates
The president’s proposal to impose a fee on shipping in the Strait of Hormuz threatened to increase global energy prices.
-
Gold Trader Who Helped Iran Dodge Sanctions Avoids Prison Sentence
Reza Zarrab’s cooperation exposed a financial pipeline to Iran’s regime, threatening to bring down powerful people in Turkey. A decade later, the case has been closed.
-
Trump Flip-Flops on Strait of Hormuz, Creating New Risks for Global Economy
The president now wants Gulf nations to invest in the U. S. in exchange for safe passage.
-
Trump’s Plan to Charge a Toll in the Strait of Hormuz: What to Know
President Trump announced a 20 percent fee on cargo through the waterway, despite his own administration’s position that such fees violate international law.
-
Trump’s Strait of Hormuz Fee Could Double the Cost of Shipping
The potential expense of a 20 percent charge to move oil and other goods through the strait has stirred concern among shippers.
-
Will Oil Prices Soar as the U.S.-Iran Truce Frays? The Answer Lies With China.
For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.
-
The World Is Cutting Ties With America. It’s Already Costing Us.
When other countries cut ties, Americans pay.
-
Shippers Face Deepening Dilemma as U.S. and Iran Vie for Control of the Gulf
Companies desperately want to get their ships moving through the Strait of Hormuz, but face mounting risks. “Things are becoming uglier by the minute,” one executive said.
-
U.S. Strikes Iran and Reimposes Sanctions After Tanker Attacks
The military operation came hours after the U. S. Treasury revoked a waiver allowing global sales of Iranian oil.
-
Ships Are Still Getting Out of the Persian Gulf, Easing Oil Prices
A recovery in oil flows from the Persian Gulf and a pledge by OPEC Plus to pump more crude have put downward pressure on energy prices.
-
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.
-
U.S. Resumes Dollar Transfers to Iraq After Monthslong Suspension
The Trump administration had halted the shipments to Iraq as part of its efforts to pressure the Baghdad government to distance itself from Iran.
-
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.
-
Oil Markets Edge Higher After Days of Attacks in Persian Gulf
Oil prices inched up on Sunday evening, while the S&P 500 futures market was little changed.
-
How a Jet Fuel Refinery Is Scrambling After the Iran War Oil Shock
For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.
-
Iran Makes Moves to Assert Control Over the Strait of Hormuz
After Iran weaponized the waterway by making it too dangerous for businesses, experts say, the country is now looking to charge fees to vessels seeking to transit the vital water.
-
U.S. Temporarily Lifts Oil Sanctions Against Iran, Citing ‘Productive’ Talks
President Trump and Vice President JD Vance pointed to progress on Iran’s nuclear program, but officials in Tehran said “no new commitments” had been made.
-
U.S. Temporarily Lifts Sanctions on Iranian Oil
In a sharp reversal of American policy, the Treasury announced a 60-day reprieve, permitting the sale of Iranian crude as part of the preliminary U. S. -Iran deal toward ending the war.