Topic
Oil Shipping
8 stories related to this topic, newest first.
thehindu.comworld6 days ago
U.S. Uses Ship-to-Ship Transfers to Escort Tankers Through Strait of Hormuz
The U.S. has adopted ship-to-ship oil transfers in waters off Oman and the United Arab Emirates to move crude past areas claimed by Iran’s Persian Gulf Strait Authority. The transfers occur outside the authority’s asserted jurisdiction before tankers return through the strait.
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nbcnews.comworld21 days ago
French Navy Boards Sanctioned Oil Tanker in Atlantic
French naval forces boarded the oil tanker Tagor on Sunday while it sailed from Russia in the Atlantic Ocean. The vessel is subject to international sanctions. The operation occurred on the high seas with support from several partners.
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etftrends.comfinance34 days ago
Some Non-Iranian Tankers Continue Crossing Strait of Hormuz
Most commercial tanker traffic through the Strait of Hormuz has stopped. A small number of non-Iranian vessels have still completed round trips since March 1.
economictimes.indiatimes.comworld37 days ago
China Calls for Swift Reopening of Strait of Hormuz
China's foreign minister urged the immediate reopening of the Strait of Hormuz following its closure. The call comes amid heightened tensions in the region that have disrupted global oil shipments. Officials have not detailed the circumstances that led to the strait being closed.
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dailyalert.orgfinance41 days ago
Iran Expands Definition of Strait of Hormuz
Iran has significantly expanded its definition of the Strait of Hormuz to encompass a much larger area than before the war. An official with its naval forces said the country would not allow any kind of encroachment upon its waters and interests. The change was reported by The Wa…
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The Independentworld59 days ago
US Escorted Ships Through Strait of Hormuz in 1980s
The United States protected Kuwaiti oil tankers from Iranian attacks in the Strait of Hormuz during the 1980s Tanker War. Analysts suggest similar escorts could be considered now amid ongoing conflicts, though challenges exist due to evolved military tactics. The strait handles 2…
Bloombergworld4 days ago
Jones Act Waiver Enables Phillips 66 Crude Shipment from Texas to East Coast Refinery
Phillips 66 has transported Texas crude to an East Coast refiner, marking the first such shipment since President Trump issued a Jones Act waiver on March 18, 2026. The waiver permits foreign vessels to carry oil between U.S. ports amid supply disruptions from Iran's blockade of…
thehindu.comworld52 days agoUpdated
U.S.-Iran War Drives Surge in Tanker Shipping ETF Amid Oil Supply Shifts
The ongoing U.S.-Iran war has led to a dramatic rise in shipping costs, boosting the Breakwave Tanker Shipping ETF by over 600% this year. Japan received its first U.S. crude oil shipment since the conflict began, as nations seek alternative suppliers. Questions persist about the…