Strait Of Hormuz News

An international group of shipping trade associations has sent a letter to UN Secretary General, António Guterres and IMO Secretary General, Arsenio Dominguez, calling for no compulsory tolls or charges to be introduced in the Strait of Hormuz and beyond. The letter is as follows:Dear Secretaries General,We are writing to you to reiterate our concerns regarding the potential imposition of tolls or service fees in the Strait of Hormuz.As the International Maritime Organization has highlighted repeatedly…

Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and a joint announcement is being finalised, provided certain third parties did not interfere, Iran's Foreign Ministry spokesperson Esmaeil Baghaei said on Wednesday.Baghaei added that any such agreement between Iran and Oman would not, by itself, guarantee security in the strategic waterway.The proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz…

Oil prices rose on Tuesday as a diplomatic resolution to the U.S.-Iran conflict remained uncertain, while disruptions to oil flows through key shipping routes persisted.Front-month Brent futures LCOc1 rose $1.04, or 1.24%, to $84.81 a barrel by 0800 GMT after dropping 7% in the previous session to a three-week low.U.S. West Texas Intermediate (WTI) crude CLc1 was up 30 cents, or 0.37%, at $80.64 a barrel after falling more than 5% in the previous session to its lowest in nearly a week.Prices had dropped after U.S.

A liquefied natural gas vessel controlled by Greek shipping company GasLog was stable after an incident while exiting the Strait of Hormuz, with everyone on board safe and accounted for, the company said.An "incident" had occurred on its Gaslog Shanghai LNG vessel on July 31, said GasLog in a statement. It did not provide details about the incident or whether the ship or its cargo had sustained any damage."GasLog LNG Services immediately activated their emergency plan, notified all relevant authorities…

The two very large crude carriers (VLCC) carrying oil loaded from the Gulf exited the Strait of Hormuz on Friday, with traffic through the waterway remaining thin, according to Kpler ship-tracking data.The Spain B vessel is carrying crude oil loaded from the Saudi Arabian port of Ras Tanura on July 12, and is currently anchored off Fujairah in the United Arab Emirates. Meanwhile Noble, which loaded Iraqi Basrah crude on July 25, is heading to China.Both VLCCs are carrying about 2 million barrels of crude each.

A QatarEnergy-controlled liquefied natural gas tanker exited the Strait of Hormuz overnight, the first such vessel recorded by ship-tracking data leaving the waterway since July 11, data from analytics firms showed on Thursday.The Al Areesh, which loaded a cargo at Qatar's Ras Laffan terminal around July 4 to July 6, sailed on July 29 from the strait blockaded in the Iran war, data from Kpler and LSEG showed.LSEG data shows it is currently heading to Port Qasim in Pakistan, estimated to arrive on July 31.

Tehran has ruled out Oman's proposal for regional joint management of the Strait of Hormuz, a senior Iranian official told Reuters on Wednesday, scuppering hopes for a resolution to the impasse that has choked off Gulf trade for months.Oman proposed a new regional deal aimed at resolving the conflict over the critical strait, through which about a fifth of global oil and liquefied natural gas flowed before the U.S. and Israel attacked Iran in February.However, Tehran ruled out Oman's proposal for regional joint management of the strait, saying it had no chance of success.The U.S.

Oman has presented Iran with a plan backed by Gulf states to manage the Strait of Hormuz, including collecting voluntary fees for using it, a Gulf source and a Western diplomat told Reuters on Tuesday.The plan could serve as a basis to end the disruption to trade through the strait caused by the U.S.-Israeli war on Iran.President Donald Trump, who abruptly called off a two-week U.S. bombing campaign over the weekend in his latest strategic U-turn, said there were "good talks" under way with Iran but threatened to restart strikes unless negotiations deliver.

Oil futures prices fell over 3% on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war with Iran.Brent futures LCOc1 fell nearly $4, or 3.96%, to $96.70 a barrel at 0946 GMT, having settled above $100 in the previous session for the first time since May after Iran-aligned Houthis said they struck two Saudi oil tankers in the Red Sea.The contract remained on course for a 9.7% advance this week.West Texas Intermediate (WTI) futures CLc1 were down $3.15 or 3.42% at $89.04 a barrel…

Asian and European buyers of liquefied natural gas (LNG) plan to ask for lower prices and additional supply guarantees from Qatar and the United Arab Emirates as the U.S.-Iran war raises insurance costs on those deliveries, buyers, traders and industry executives told Reuters.The war is reshaping the global energy industry, stripping Gulf producers of their reputation as the world's most reliable suppliers, which in the past gave them significant negotiating power. Their ability…

Oil prices rose to near six-week highs on Wednesday on mounting concerns about disruptions to key Middle Eastern supply routes because of escalating hostilities between the U.S. and Iran and threats to shipping by the Iran-backed Houthi militia in Yemen.Brent crude futures LCOc1 rose $2.84, or 3.12%, to $93.85 a barrel at 0833 GMT. U.S. West Texas Intermediate crude CLc1 climbed $2.93, or 3.47%, to $87.27. Both benchmarks touched their highest levels since June 11.The U.S. military said late on Tuesday, early Wednesday in Iran, that it carried out an 11th consecutive night of attacks. The U.S.

The Middle East crisis cast a shadow over a diplomatic gathering in Southeast Asia on Tuesday, where foreign ministers voiced serious concern over renewed hostilities that add to uncertainty in a region grappling to manage tensions and conflicts of its own.Foreign ministers from the 11-member Association of Southeast Asian Nations and major partners have meetings in Manila this week against a backdrop of instability since the U.S. and Iran resumed open conflict, raising fears about energy supplies through the Strait of Hormuz…

A tanker in the Strait of Hormuz reported being struck by an unknown projectile, forcing its crew to abandon the vessel and board a lifeboat, the United Kingdom Maritime Trade Operations agency (UKMTO) said on Tuesday.UKMTO said it had received multiple reports on Tuesday that a tanker had broadcast over VHF Channel 16 that it had been hit by an unknown projectile. The incident was reported eight nautical miles east of Oman's Limah and authorities were investigating.UKMTO said…

The Islamic Revolutionary Guard Corps said on Monday that two oil tankers had exploded and been immobilised after attempting to transit what it described as an unsafe southern route through the Strait of Hormuz, alleging they had been encouraged by the U.S. military to use the passage.Reuters could not immediately verify the incident. The statement gave no details on the vessels' names, flags, crews or any casualties.The Guards said the waterway would remain unsafe as long as what it called U.S.

Just three commodity vessels crossed the Strait of Hormuz on Thursday, the fewest daily transits since May, shipping data showed, with most ships halting or making U-turns after recent Iranian attacks on vessels and the resumption of a U.S. blockade on Iran-related shipping.The re-escalation in fighting between the U.S. and Iran has once again largely stopped traffic through Hormuz, the world's most important shipping route for oil and gas, driving up global energy prices.Miraan…

Fewer vessels travelled through the Strait of Hormuz on Wednesday, the first day after the U.S. reimposed its naval blockade on Iranian ports with both countries escalating strikes across the Gulf, shipping data showed.Nine vessels crossed the strait on Wednesday, mostly on the Iranian route, down from 13 the previous day, Kpler data showed.There were no Very Large Crude Carrier or liquefied natural gas tankers visibly passing through the strait on Wednesday.U.S. Central Command…

Oil extended gains by around 2% on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran's Islamic Revolutionary Guard Corps threatened to close "all other export corridors that benefit the U.S. and its allies".Brent futures LCOc1 climbed $1.71, or 2%, to $86.44 a barrel at 0806 GMT. West Texas Intermediate futures CLc1 gained $1.43, or 1.8%, to $80.77 a barrel.Oil prices settled up 2% at a one-month high on Tuesday as attacks exacerbated a supply disruption in the Strait of Hormuz…

Iran's Islamic Revolutionary Guard Corps has threatened to close "all other export corridors that benefit the U.S. and its allies", Iranian media reported, after Iran shut the Strait of Hormuz and the U.S. reimposed a naval blockade of Iranian ports."Regional energy exports are either shared by all, or denied to all," the IRGC said in a statement carried by Iran's IRNA state news agency on Wednesday.Analysts have said Iran has been signalling it may use its Houthi allies in Yemen to shut the Bab el-Mandeb gateway to the Red Sea…

One Indian crew member was killed and eight others were wounded when two Emirati oil tankers were struck by Iranian cruise missiles in the Strait of Hormuz, the United Arab Emirates Ministry of Defence said on Tuesday, in the latest escalation in the strategic waterway.Abu Dhabi National Oil Company's shipping arm ADNOC L&S later confirmed the very large crude carriers (VLCCs) Mombasa B and Al Bahiyah were struck while transiting Hormuz and had sustained "significant damage".UAE state oil giant ADNOC has been among the most active participants in a U.S.

The number of vessels transiting the Strait of Hormuz fell to multi-week lows on Sunday, shipping data showed, as renewed strikes between the U.S. and Iran and attacks on ships in the Middle East heightened safety concerns.Six vessels transited the strait on Sunday, ship-tracking data from Kpler showed, the lowest number in five weeks.Tankers that exited the strait included the Very Large Crude Carrier Humanity, laden with 2 million barrels of Iranian oil and another tanker, Capetan Andreas…

Oil prices surged more than 3% on Monday after renewed military strikes between the United States and Iran reignited concerns over energy shipments through the Strait of Hormuz.Brent crude futures LCOc1 were up $2.67, or 3.51%, to $78.68 at 0743 GMT, while U.S. West Texas Intermediate crude CLc1 was up $2.48, or 3.47%, to $73.89 a barrel."Shipping operators are adopting a cautious approach and inbound movements have slowed under heightening security concerns," ANZ analysts said.Fresh U.S. and Iranian strikes over the weekend fuelled fears of a renewed escalation. Tehran targeted U.S.

President Donald Trump said on Monday the United States was reinstating its blockade of Iranian shipping in the Gulf and would ensure the Strait of Hormuz stays open after the two sides exchanged more missile and drone attacks.The latest hostilities followed an announcement by Iran over the weekend that it was closing the strait, and cast further doubt on the viability of an interim deal to halt the war in the Middle East and drove oil prices higher."The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran.

U.S.