oil-shipping
3 stories related to this topic, newest first.
David Brossard / Wikimedia (CC BY-SA 2.0)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…
ndtv.comJones 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…
swarajyamag.comU.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…