Transportation Archives - Page 2 of 27 -

Thailand, Iranian oil, and the economic cost of sanctions and war

April 23, 2026

(Oil & Gas 360) By Greg Barnett, MBA – Thailand’s recent decision to explore crude supply options with Oman reflects not a collapse in access to Iranian oil, but a deeper vulnerability to the geopolitical architecture surrounding it. Thailand does not meaningfully import Iranian crude. However, the U.S.–Iran war, combined with Washington’s tightened maritime blockade and secondary sanctions, has exposed how

Tanker fleet heads to load U.S. oil as Middle East supply crumbles

April 17, 2026

(Oil Price) – Empty supertankers have left Asia en route to the U.S. via the Cape of Good Hope in one of the biggest queue of vessels ever seen at sea, as Asian buyers rush to load U.S. crude to replace part of the supply lost in the Middle East. “Tankers are forming what looks like a fleet, an unbroken line

Oil prices crater below $90 after Iran, U.S. say Strait of Hormuz temporarily open

April 17, 2026

(Investing) – Oil prices tumbled below $90 a barrel on Friday after Iran and the U.S. declared the Strait of Hormuz temporarily open, removing constraints on a critical shipping bottleneck that have sparked worries over a widespread inflation spike. Investors were also assessing a media report which said the U.S. was considering a $20 billion cash-for-uranium deal to end the war

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.

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

Shippers seek clarity on Hormuz reopening after US-Iran ceasefire deal

April 8, 2026

(Investing) – SINGAPORE/OSLO – Shippers said on Wednesday they needed more clarity on the terms of the U.S.-Iran ceasefire before resuming transit through the Strait of Hormuz, as Iran issued fresh warnings about any vessels attempting to sail through the waterway. The six‑week conflict had brought traffic through the strait – a chokepoint for about 20% of global oil and liquefied natural

Saudi Arabia’s oil pipeline bypassing Hormuz damaged in Iranian attack, source says

April 8, 2026

(BOE Report) – Saudi Arabia’s crucial East-West oil pipeline, currently its only outlet for crude exports, was hit in an Iranian attack and other facilities in the kingdom were also targeted, an industry source told Reuters on Wednesday. The pipeline was diverting around 7 million barrels per day (bpd) from the kingdom’s oil heartland in the east to the Red

Oil prices to remain volatile despite US-Iran ceasefire deal

April 8, 2026

(Investing) – Oil prices will continue to remain volatile despite falling 10-15% after the much-awaited ceasefire deal between the U.S. and Iran on Tuesday, according to Barclays. “Oil prices are down 10-15% this morning following the two-week ceasefire in the Middle East, and we expect the oil equities to be under pressure in the short term,” analysts at Barclays said in

China’s detentions of Panama-flagged vessels raise concerns, Rubio says

April 2, 2026

(Investing) – WASHINGTON – Detentions of Panama-flagged vessels by China that followed a Panamanian court ruling raise serious concerns about efforts to undermine rule of law in the Latin American country, U.S. Secretary of State Marco Rubio said on Thursday. The U.S. Federal Maritime Commission said last week that it was closely monitoring a surge in detentions of Panama-flagged vessels in

UAE investment firm buys U.S. midstream gas assets for $2.25 billion

March 31, 2026

(Oil Price) – 2PointZero, an Abu Dhabi-based investment company focused on energy infrastructure, has signed a deal to buy 100% in U.S. firm Traverse Midstream Partners, owner of minority stakes in natural gas pipelines, for $2.25 billion. 2PointZero, led by Sheikh Tahnoon bin Zayed Al Nahyan, the Deputy Ruler of Abu Dhabi, entered in the deal through its subsidiary E Point

Edison says Qatar still evaluating impact of Iran attack on LNG supply

March 31, 2026

(BOE Report) – QatarEnergy has yet to update its liquefied natural gas (LNG) customers on the impacts of recent attacks on its gas plants, Edison CEO Nicola Monti said on Tuesday. Monti said a pause in LNG supply until mid-June, which QatarEnergy notified the Italian utility of last week, was mainly due to the shipping blockade in the Strait of

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

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