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Keywords: Strait of Hormuz
HFI Research warned that global oil markets could enter a period of “real panic” if the Strait of Hormuz remains closed into the first week of June, as crude inventories continue falling toward critical operational levels and countries accelerate emergency stockpiling efforts. The firm said......
South Korea and Japan have agreed to deepen energy cooperation through new arrangements for exchanging and jointly managing reserves of crude oil and liquefied natural gas, as both countries seek to strengthen energy security amid heightened geopolitical risks in the Indo-Pacific region. The agreement......
California gasoline prices have surged past six dollars per gallon as the conflict involving Iran, Israel, and the United States disrupts global energy supply chains and reshapes fuel production priorities in India. The crisis has linked cooking gas shortages in South Asia to mounting pressure on American......
South Korea has urged Iran to provide clarification regarding the recent attack on a South Korean-operated cargo ship in the strategically important Strait of Hormuz. According to South Korean officials, Foreign Minister Cho Hyun discussed the incident during a telephone conversation with Iranian Foreign......
The United Arab Emirates has announced plans to accelerate the construction of a new oil pipeline designed to reduce dependence on the strategically important Strait of Hormuz, a vital maritime route for global energy supplies. Authorities in Abu Dhabi confirmed that the project will help strengthen......
The United Arab Emirates has moved to speed up construction of a major east-west oil pipeline designed to significantly increase crude export capacity through the port of Fujairah and reduce reliance on the Strait of Hormuz. The decision comes as regional maritime routes face sustained disruption linked......
About 30 vessels have crossed the Strait of Hormuz with Iranian authorization since Wednesday, signaling a partial resumption of maritime traffic through one of the world’s most strategic shipping lanes despite ongoing geopolitical tensions and stalled diplomatic efforts. Iranian state television......
The 2026 Mediterranean navigation season has opened under severe disruption as extreme weather events, aviation fuel shortages, and geopolitical tensions reshape maritime tourism across the region. Conditions that typically support stable growth in yacht charters and cruise activity have been replaced......
Iranian Foreign Minister Abbas Araghchi said Thursday that the Strait of Hormuz remains open to all commercial shipping provided vessels coordinate with Iranian naval forces before transit. The comments were delivered on the sidelines of the BRICS foreign ministers meeting in New Delhi as tensions continue......