Tag: Strait of Hormuz
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Oil prices rise after report of Iranian attack on commercial ships in Strait of Hormuz
Brent and U.S. crude futures rose after a report of an Iranian attack on commercial ships in the Strait of Hormuz.
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Oil tanker hit by ‘unknown projectile’ in Strait of Hormuz region: Maritime agency
LONDON: An “unknown projectile” struck and caused a fire on an oil tanker off the coast of Oman near the Strait of Hormuz on Monday (Jul 6), British maritime security agency UKMTO said.The incident occurred near one of the world’s most important energy shipping routes, despite
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Commentary: The fragile reopening of Hormuz is no return to normal for Asia
A return to pre-war normalcy in the Strait of Hormuz is likely to be slow. This holds implications for Asia, says Coface chief APAC economist Bernard Aw.
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CMA CGM ship hit by missile in Hormuz strait may go for scrapping, CEO says
PARIS: A CMA CGM container ship struck by a missile in the Strait of Hormuz in early May is so badly damaged that the French shipping group may send it for scrappin
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Oman walks a diplomatic tightrope over Strait of Hormuz fees, creating a ‘blind spot’ for markets
Oman is using strategic ambiguity as talks over possible Strait of Hormuz fees raise legal, diplomatic and oil market concerns.
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Iran warns oil tankers to use approved routes in Strait of Hormuz or face a ‘forceful response’
“Any failure to comply, deviation from the designated route, or disregard for the navigation protocols of the Islamic Republic of Iran in the Strait of Hormuz will be met with an immediate and forceful response from the armed forces, endangering the security of the violating vessels,” the Iranian statement said.
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Commentary: Indian sailors’ deaths in US strike reopen old wounds and deepen new grievances
After a US military strike killed three Indians on a commercial ship near the Strait of Hormuz, India fears that its concerns are becoming easy to overlook, says think tank researcher Rahul Jaybhay.
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Commentary: Despite its best efforts, Iran won’t be able to toll the Strait of Hormuz
Iran is using its success in disrupting shipping through the Strait of Hormuz as leverage in negotiations. But leverage and long-term control are not the same thing, says a defence professor.
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Oil prices near pre-war levels — but persistent supply risks could spark a rebound, analysts warn
Commodity strategists warn that Iranian leverage in the Strait of Hormuz will continue to weigh on oil markets and shipping costs.
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Video. No Iran-US escalation boosts hopes for diplomacy, analyst says
Video. Osama Rizvi, founder of Rizvi Insights, said tanker traffic will continue through the Strait of Hormuz as “it serves two sides”. He argued that for the US, the cost of “inaction clearly outweighs” the cost of action if tensions with Iran continue to escalate.
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