Strait Of Hormuz News

Iran reported three more tankers had been damaged in the Strait of Hormuz on Thursday, making clear that shipping would remain in peril as long as the war in the Gulf is unresolved, now that US voters have punished President Donald Trump for waging it.The electoral rout that cost Trump's Republicans control of Congress has prompted a stark reassessment of the conflict's political cost in Washington, led by Vice President JD Vance, who said in a long social media post on Wednesday that the war was to blame for his party's defeat.In a mocking reply on Thursday…

Oil fell nearly 4% on Monday as talks between Iranian and Qatari officials on a deal to end the US-Israeli war on Iran raised hopes that Middle East supply disruptions could ease.Iranian negotiators left Doha talks on Sunday, but not due to difficulties in negotiations, an official briefed on the meeting told Reuters on Monday."The new month brought with it renewed hopes of a breakthrough in the Iranian stalemate," said Tamas Varga of oil broker PVM.Brent crude futures LCOc1 fell $4.20…

Gulf oil producers are assembling a fleet of nearly 230 tankers to maintain crude exports through the Strait of Hormuz despite heightened security risks and reluctance among independent shipowners to operate in the region, according to a weekly intelligence report from Windward Maritime dated October 29.The report identifies five maritime developments, including changes to Gulf oil transportation, an oil spill threatening infrastructure in the United Arab Emirates, suspicious movements near subsea communications cables…

QatarEnergy is buying long-term supplies of liquefied natural gas from the US and other producers as part of a trading strategy designed to generate revenue if exports through the Strait of Hormuz are disrupted in the future, CEO Saad Sherida Al-Kaabi told Reuters on Thursday."In a scenario where you have a closure of the strait, which is the true contingency that we're looking to have, you'd immediately see a spike in gas price and you'll be able to generate revenue for QatarEnergy that otherwise wouldn't be generated…

An oil spill from a damaged tanker off the coast of the United Arab Emirates has widened, satellite images showed, triggering more beach closures and raising environmental concerns.Images from the European Union's Copernicus satellite observation network dated October 24 show the oil spill has widened over the last few days and is reaching close to the shores of the northern Umm Al Quwain emirate, with dark layers of oil spreading at sea and along its coastline.Since the start of the US-Israeli war with Iran…

October has been the worst month for attacks on commercial shipping in the Strait of Hormuz and nearby waterways, according to data compiled by a Washington-based think tank that has tracked maritime security incidents worldwide since 2017."October has seen the highest number of ship attacks on record," said Noam Raydan, a senior fellow at the Washington Institute for Near East Policy.Raydan, who maintains the institute's interactive shipping incident map, has recorded 28 confirmed…

Windward intelligence report highlights tanker and tug attacks, threats to subsea cables, an emerging oil spill and a sanctioned Russian tanker testing U.S. naval restrictions.Maritime security risks across the Strait of Hormuz, Arabian Gulf and Gulf of Oman are expanding beyond attacks on commercial tankers, with threats now extending to subsea communications infrastructure, offshore support vessels and coastal facilities. An October 22 intelligence report from Windward Maritime…

Oil prices rallied over $2 a barrel on Thursday after more Houthi attacks in Saudi Arabia stoked concerns over a broader escalation of conflict and further disruptions to crude supplies from the world's key exporting region.Brent crude futures LCOc1 climbed$2.82, or 2.59%, to $111.64 a barrel at 0626 GMT, close to a five-month high. US West Texas Intermediate crude CLc1 gained $2.24, or 2.31%, to $99.39."Oil prices remain well bid, with ICE Brent back above $110 per barrel this morning following additional deadly attacks on Saudi Arabia…

Iran's Revolutionary Guards Navy said on Saturday that two oil tankers had caught fire after hitting naval mines while crossing the Strait of Hormuz, the official Iranian news agency IRNA reported.State media said both tankers were carrying about 2 million barrels of crude oil.There was no independent confirmation of the reports.IRNA reported that the vessels had switched off their positioning and radar systems and attempted to use an unauthorised route through the strategic waterway.

Oil markets initially treated the Iran war as a brief bullish disruption in a long-term bearish trend. But traders are now betting that oil prices will remain elevated through 2028, forcing a rethink of the global inflation outlook.Eight months into the war, the buffers that helped absorb the initial energy shock – most notably onshore crude oil stockpiles – are wearing dangerously thin. At the same time, the recovery in crude exports through the Strait of Hormuz remains fragile…

A Singapore-flagged container ship has sunk near the Strait of Hormuz after being hit by a projectile, while a dry bulk carrier damaged in an earlier attack is also reported to be sinking, maritime security sources said on Wednesday.Attacks around the waterway have surged over the past 10 days. The Singapore-flagged GFS Pride, a small container vessel with capacity for 2,824 twenty-foot equivalent units (TEU), sank while sailing through the strait, the sources said."GFS PRIDE sustained damage and a fire on board, and has since sunk. All 21 crew members were safely evacuated.

Iran is deploying new tactics to target ships sailing through the Strait of Hormuz as it seeks to keep oil prices high and influence the US midterm elections, two senior Iranian officials told Reuters.Tehran has tried to exert control over the Strait of Hormuz since the US and Israel launched strikes against Iran on February 28. It has restricted passage through the waterway, which carried about a fifth of global oil and liquefied natural gas trade before the war, in an effort to gain leverage over Washington.Its threats and attacks have severely curtailed traffic through the strait…

Tankers are facing a higher risk of attacks and intimidation as they try to get critical shipments through the Strait of Hormuz after Iran issued new warnings it would block routes that it has not authorized, sources said.Last week already saw the biggest number of attacks on tankers in the key waterway since the Iran war began - cutting the number of vessels trying to get through to the lowest in more than two months.Iran has now warned regional countries that any attempt to open new routes for oil exports would be considered hostile…

Transit routes in the Strait of Hormuz deemed illegal by Iran will soon be closed, an adviser to the Revolutionary Guards' Commander told the semi-official Fars News Agency on Wednesday, referring to the southern pathway hugging Oman's coast.Mohammadreza Naqdi said these "few routes" had been created by blasting and damaging some of the rocky passages in the strategic waterway and were used by "small boats smuggling oil and transferring it to tankers", challenging the narrative that Gulf oil exports are regaining pre-war levels."The Strait of Hormuz is closed…

Attacks on tankers sailing through the Strait of Hormuz hit their highest last week of any week since the Iran war began, according to maritime security sources tracking incidents, amid a bigger export push by Gulf producers.Attacks, attempted attacks and harassment activity including drone overflights, surveillance and hailing using VHF radio by Iran's Revolutionary Guards have persisted in the strait, the US Navy-led Joint Maritime Information Center (JMIC) said in a note on Sunday."These actions continue to demonstrate Iran’s intent to assert presence along key transit lanes and maintain pr

Three Liberian-flagged oil tankers were struck by unknown projectiles when transiting the Strait of Hormuz on Tuesday, shipping intelligence service Marisks said.The vessels had been moving through the strait with their Automatic Identification System transponders turned off to avoid detection, Marisks said in a report late on Wednesday.Oil products tanker Al Ruwais was last seen as having conducted a ship-to-ship transfer off Sohar, Oman, in late September to discharge its diesel cargo, data from analytics firm Kpler showed.Very large crude carrier Mersin Prosperity also made a ship-to-ship t

Windward is publishing intelligence reports on the crisis in the Gulf as the situation develops.

Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by the US-Israeli war on Iran outweighed signs of recovering crude exports from the region.Brent crude futures for November LCOc1 rose $1.71, or 1.6%, to $106.99 a barrel at 0626 GMT, while the more actively traded Brent December contract LCOc2 rose $1.68 to $99.51 a barrel. Meanwhile, US West Texas Intermediate crude CLc1 was at $94, up $1.4, or 1.5%.A day earlier…

QatarEnergy has extended force majeure notices and will not be able to deliver liquefied natural gas cargoes to Italian utility Edison or some Asian clients as the Strait of Hormuz remains closed, Edison and trading sources said on Monday.Edison, one of the company's biggest customers in Europe, will not receive LNG cargoes until the beginning of December, the Italian group said on Monday, in the latest extension under a force majeure notification first issued in April following disruptions caused by the US-Iran war.Clients in Asia, including in Bangladesh and Pakistan, were also informed that

Ship-to-ship transfers in the Gulf of Oman for Middle Eastern oil from inside the Strait of Hormuz have reached their limits after Saudi Arabia diverted exports from the Red Sea, adding to shipments from other producers, trade sources and analysts said.The increasing amount of Saudi exports this month requires more supertankers to shuttle crude through Hormuz to conduct cargo transfers, they said. That has reduced ship availability, raising shipping costs and increasing the time…

Crude oil flows out of the Strait of Hormuz reached 33.7 million barrels so far in the week starting September 20, preliminary ship-tracking data from Kpler showed on Friday, putting exports roughly on track with the previous week's levels.The traffic comprised 19 tankers, of which 17 are very large crude carriers (VLCCs) that can carry 2 million barrels of oil, the data showed. Most of the tankers are laden with crude from Saudi Arabia, followed by Iraq.For the full previous week…

US and Iranian negotiators in New York are exploring a phased path out of war that would involve Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran, sources close to the talks said.The strait has become the central bargaining chip in efforts to end the nearly seven-month US-Iran conflict, with Iran seeking relief from the US blockade that is choking its economy and Washington seeking free passage for ships on the global oil supply route now blocked by Tehran.The talks face a big obstacle as neither side wants to be the first to surrender its leverage…

Some 80 countries demanded the urgent reopening of the Strait of Hormuz on Thursday and condemned Iran and its Houthi allies for attacks in the region and disruption to international trade and energy security."Iran's actions in the Strait of Hormuz continue to threaten international security and navigational rights and freedoms," said a joint statement read out by Bahrain's Foreign Minister Abdullatif bin Rashid Al Zayani at the United Nations."We also strongly condemn the Houthis' decision to resume conflict in Yemen, their continuous strikes on Saudi Arabia, and their reckless attacks in the