Tag: vessels
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Oil prices rise on escalation in Middle East
LONDON, Sept 3 : Oil prices rose on Thursday after U.S. strikes on Iran and renewed Israeli threats against Tehran revived concerns about disruptions to Middle East supplies.Brent crude futures were up 59 cents, or 0.62 per cent, at $96.22 a barrel by 1327 GMT while U.S. West Texas Intermediate crude futures
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Panama Canal to cut number of ships passing through due to El Niño
The crucial waterway’s operator says low rainfall caused by the ocean pattern had led to the decision.
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UK defends seizing shadow fleet tanker after Putin threat
The UK government says it is “disrupting and deterring shadow fleet vessels” in accordance with the law.
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As US-Iran war rages, who’s risking the Strait of Hormuz?
Though Iran continues to attack vessels as leverage in its war with the United States, data show that several shippers continue to transit the waterway.
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Iran rules out US talks as Hormuz Strait remains closed
Iran has not asked to resume talks with the US, Foreign Ministry spokesperson Esmaeil Baghaei said. He added that the Strait of Hormuz remains closed and that messages are being relayed through mediators. DW has more.
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US, Japan join Philippines in South China Sea drills
The five-day drills brought together warships, coast guard vessels and surveillance and fighter aircraft in operations aimed at improving interoperability among the allies, according to the Philippine military.
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Tankers make sharp U-turns after Houthi shipping threat
All of the ships were travelling to or from Saudi ports before changing course, ship-tracking data shows.
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Traffic through Strait of Hormuz falls steeply after new US-Iran strikes
Data shows a decline in the number of ships – many carrying oil and gas – going through the waterway after attacks this week.
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Three reasons ships are not sailing through the Strait of Hormuz yet
Experts say that there are significant obstacles preventing traffic from returning to the levels seen before the conflict began – security, mines and tolls.
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The US and Iran have agreed a deal. How soon could things go back to normal?
Experts warn the impact of the war will continue to affect the global economy for months to come.
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