shipping Archives - Oil & Gas 360

Strait of Hormuz traffic barely affected on first day of US blockade, data shows

April 15, 2026

(Investing) – SINGAPORE/LONDON – The first full day of a U.S. blockade on vessels calling at Iranian ports made little difference to Strait of Hormuz traffic on Tuesday, with at least eight ships including three Iran-linked tankers, crossing the waterway, shipping data showed. U.S. President Donald Trump announced the blockade on Sunday after weekend peace talks in Islamabad between the U.S.

Hormuz on Edge: Ceasefire holds, but control and risk, shifts to Iran

April 9, 2026

(By Oil & Gas 360) – A fragile ceasefire is holding just enough to steady markets, but not enough to restore confidence. Diplomatic momentum is building around a broader pause in hostilities. Lebanon has pushed for a temporary ceasefire with Israel to open the door to wider negotiations, a move seen by regional players as a necessary step to prevent further

European, African crude oil prices hit records on supply disruptions despite ceasefire

April 9, 2026

(BOE Report) – European and African crude oil prices climbed to fresh records on Wednesday, defying a sharp selloff in oil futures after a U.S.-Iran ceasefire was reached on Tuesday, as traders priced in a prolonged disruption to physical oil supplies. The ceasefire announcement sent major benchmark Brent and WTI contracts tumbling 13% and 16% respectively on Wednesday to below

Ceasefire window opens, but energy markets stay on edge

April 8, 2026

(By Oil & Gas 360) – A fragile pause in Middle East hostilities is offering global energy markets a moment to breathe, even as underlying risks remain firmly in place. Recent diplomatic movement, reportedly supported by Washington and quietly reinforced by regional actors, has created a short window for de-escalation between Iran and its adversaries. Israel has signaled alignment with a

Countries need to step up on Strait of Hormuz, says - oil and gas 360

Countries need to step up on Strait of Hormuz, says Hegseth

March 31, 2026

(Investing) – WASHINGTON – The United States has done the lion’s share of the work in making Iran less of a threat and other countries now need to step up to reopen the critical Strait of Hormuz waterway, Defense Secretary Pete Hegseth said on Tuesday. Hegseth cited President Donald Trump’s early morning exhortation to other countries to loosen Iran’s stranglehold on

Oil to hit $200 if the war continues until end of June, strategist says

March 30, 2026

(Investing) – Brent crude could surge to $200 a barrel, pushing U.S. gasoline prices to around $7 a gallon, if the Iran conflict drags on through the end of June and the Strait of Hormuz remains largely closed to shipping traffic, Macquarie strategists warned in a note. These fears were echoed by Egyptian President Abdel Fattah al-Sisi, who warned at an energy

Maersk slaps emergency fuel surcharge as war upends marine supply chains

March 27, 2026

(Oil Price) – The war in the Middle East has upended shipping fuel markets with prices of marine fuels skyrocketing and regions running low on supply, pushing some traders to forgo cargo and ship additional fuel volumes to key bunkering ports outside the Middle East. The price of fuel oil has surged this month as the stalled tanker traffic at the Strait of

Iran earning $139 million a day from oil as Hormuz crisis locks out rivals

March 26, 2026

(Oil Price) – Iran’s oil exports have not collapsed and are fetching much higher prices than before the war, handing Tehran handsome extra revenues from its crude, which is the only one unimpeded from transiting the Strait of Hormuz. Unlike all other Gulf producers, Iran is passing its oil through the Strait of Hormuz and its export volumes remain resilient. Steady

Brent slides below $100 after Trump says oil prices to ’drop like a rock’

March 23, 2026

(Investing) – Oil prices slumped on Monday, after President Donald Trump talked up “productive” talks with Tehran to possibly end the ongoing Middle East conflict and said oil would “drop like a rock” if a deal is reached. At 10:34 ET (14:34 GMT), Brent oil futures — the global benchmark — plummeted 8.6% to $97.26 a barrel, while U.S. West Texas Intermediate crude futures fell

Oil tankers ‘starting to dribble through’ Strait of Hormuz, says White House

March 17, 2026

(BOE Report) – Oil tankers are crossing the Strait of Hormuz and Iran’s actions to choke traffic through the shipping route have not hurt the U.S. economy, White House economic adviser Kevin Hassett told CNBC on Tuesday, reiterating the Trump administration’s position that the war should be over in weeks, not months. “Already you’re seeing tankers are starting to dribble

Oil prices inch below $105 as Trump calls for Hormuz intervention help

March 16, 2026

(Investing) – Oil prices edged down from $105 a barrel on Monday, as markets assessed a request from U.S. President Donald Trump for other countries to help restore shipping through the Strait of Hormuz. Brent oil futures — the global benchmark — fell 1.2% to $101.91 a barrel, while U.S. West Texas Intermediate crude futures declined 2.8% to $94.09 a barrel by 11:20

Oil prices hit highest since 2022 at more than $119 a barrel on Iran war

March 9, 2026

(Investing) – LONDON – Oil prices surged to more than $119 a barrel on Monday, hitting levels not seen since mid-2022, as some major producers cut supplies and fears of prolonged shipping disruption gripped the market due to the expanding U.S.-Israeli war with Iran. Brent crude futures were up $8.77, or 9.46%, at $101.46 per barrel at 1339 GMT, while U.S. West

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