Gulf Arab states have raised security around alternative routes for crude and prepared parallel supply chains across the region in case of disruption, according to Gulf officials familiar with the ...

Iran’s Islamic Revolutionary Guard Corps has told ships to avoid the Strait of Hormuz, a narrow shipping lane vital to energy markets that connects to the Persian Gulf. According to the U.S., about a ...

The Islamic Revolutionary Guard Corps said the Strait of Hormuz, a key global shipping lane, has been “effectively closed” to maritime vessels after the United States and Israel struck Iran overnight.

Iran partially closed sections of the Strait of Hormuz during IRGC naval drills conducted ahead of U.S.-Iran nuclear talks. The strait carries about 20 million bpd, roughly 20% of global petroleum ...

VLCC freight rates surged to multi-year highs due to rising oil flows, longer voyages, sanctions, and geopolitical tension. South Korea’s Sinokor and MSC-linked buyers have gained control of roughly ...

Deputy Director of the HUMLOG (Humanitarian Logistics and Supply Chain Management Research) Institute, Hanken School of Economics Full details have yet to emerge of the incidents. But there are ...

President Donald Trump’s decision to strike Iran creates new risks for a significant chunk of the world’s oil supply. The Islamic Republic itself pumps more than 3 million barrels a day, or 3 per cent ...

Oil futures surged Monday after the United States and Israel launched strikes against Iran over the weekend, with the conflict spilling over into the wider Middle East region. US crude jumped 7.5%.

The US-Israeli attacks on Iran have triggered swift retaliatory attacks from Tehran, targeting their assets in multiple Middle East countries, including Israel, Qatar, the United Arab Emirates, Kuwait ...

Iran partially and temporarily closed the strategic Strait of Hormuz during a military drill on Tuesday, thrusting the vital shipping route under the global spotlight once again. The hours-long ...

Iran has announced it is shutting off a vital shipping lane for the first time since the 1980s - and is threatening to sink American ships. The Strait of Hormuz was closed for live-fire naval drills, ...