hormuz

Shipping traffic remains at virtual standstill through Hormuz

Shipping traffic through the Strait of Hormuz remained at a virtual standstill on Monday with just ‌three crossings in the space of 12 hours, according to shipping data. The oil…

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Oil rises 5% on renewed US-Iran tension

Oil prices jumped more than 5% on Monday, on fears that the ceasefire between the United States and Iran could collapse ‌after the U.S. seized an Iranian cargo ship, while…

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IATA warns replenishing jet fuel supplies could take months even if Hormuz reopened

The head of a body representing global airlines warned on Wednesday it would take months for jet fuel supply to recover even if Iran reopened the Strait ‌of Hormuz, given…

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More than 15 countries planning to facilitate Strait of Hormuz access

French President Emmanuel Macron said about 15 countries were planning to facilitate ‌the resumption of traffic through the Strait of Hormuz, through which a fifth of the world's oil supply…

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UK lowers security level for its ships in Strait of Hormuz

Britain lowered its security risk level for UK-flagged ships traveling through the Strait of Hormuz on Thursday, more than a month after one of its tankers was finally released from…

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Warning that tanker attacks risk sparking conflict

After the latest incident on Thursday that left two tankers in flames in waters near the strategic Strait of Hormuz, Elizabeth Dickinson, senior analyst with International Crisis Group, warned the…

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