"Strait of Hormuz"
War-risk insurance cannot remove every obstacle to a shipping voyage
Loss protection, crew safety and route readiness address different problems. The Strait of Hormuz illustrates the limits of insurance as a shipping solution.
ADNOC chief says logistics now account for a much larger share of oil costs
Sultan Al Jaber put shipping and logistics at more than 30%, up from below 5%. The figures are the ADNOC chief's assessment at ADIPEC.
Iran continues Qatar-mediated talks on reopening the Strait of Hormuz
Araghchi says consultations have yet to produce a result. Iran is discussing a two-day implementation plan for reopening Hormuz if its conditions are met.
Hormuz attacks expose the need to check insurance across the shipment
Vessel damage, cargo loss and interruption involve different cover tests. FinFly examines October incidents and the scope of TT Club’s changes.
Iran Offers US Deal on Strait of Hormuz in Exchange for Lifting Port Blockade
Tehran has conveyed to Washington through Pakistani intermediaries a proposal to resume shipping in the Strait of Hormuz in exchange for lifting the US blockade of Iranian ports. Iran also said it is ready to return to negotiations with the US.
IRGC reports seven vessels halted in Strait of Hormuz
According to the Islamic Revolutionary Guard Corps, four tankers were struck during an oil transfer, and three other vessels hit a sea mine. Traffic through the strait has been halted.
Novak: Strait of Hormuz Situation Keeps 6–7 Million Barrels Per Day Off the Market
Russian Deputy Prime Minister Alexander Novak said around 6–7 million barrels of oil per day are still not reaching the global market due to the situation around the Strait of Hormuz. According to him, this creates an imbalance between supply and demand and serious volatility.
Tanker Carrying 750,000 Barrels of Oil Hits Mine in Strait of Hormuz
An oil tanker carrying 750,000 barrels of oil struck a naval mine in the Strait of Hormuz, Iran's IRGC Navy said.
IMF and World Bank to Discuss War and Debt Crisis Risks in Bangkok
The IMF and World Bank annual meetings will be held outside Washington for the first time in three years — in Bangkok from October 12 to 18. Key topics include the Middle East conflict, energy security, inflation and record sovereign debt.
Gas Carrier Attacked in Strait of Hormuz
A tanker carrying liquefied gas was struck in the Strait of Hormuz. The crew had reportedly been warned to change course.
Putin: Russia Hopes for Opening of Strait of Hormuz and Lifting of Sanctions on Iran
Russian President Vladimir Putin expressed hope for the opening of the Strait of Hormuz and the lifting of sanctions on Iran, noting that a fair removal of restrictions would eliminate the need for bans on civilian vessel movement.
Trump Rejects Iran's Strait of Hormuz Proposal
US President Donald Trump said he rejected an Iranian plan to resume shipping through the Strait of Hormuz.
IRGC Says Fighting Continues in Strait of Hormuz
Iran's Islamic Revolutionary Guard Corps says battles between US and Iranian forces in the Strait of Hormuz are ongoing and the strait remains closed.
Qatar Calls US Forecast on Strait of Hormuz Losing Importance 'Wrong'
Qatar's Energy Minister Saad al-Kaabi disagreed with US Treasury Secretary Scott Bessent's claim that the Strait of Hormuz will lose its significance in two years. Qatar does not plan to build bypass pipelines.
Iran and Oman Reach Agreement on Strait of Hormuz
Tehran and Muscat have agreed on a text concerning safe routes in the Strait of Hormuz and plan to hold a meeting with regional countries.
Iran Sets Seven Conditions for Opening the Strait of Hormuz
Iran has conveyed seven conditions to the United States through intermediaries that must be met for the Strait of Hormuz to reopen. Until they are fulfilled, the strait will remain closed.
Saudi Oil Deliveries to Asia Could Take 2.5 Times Longer
If the Bab-el-Mandeb Strait closes, tanker routes to Asia could take about 100 days round trip instead of 40, leading to higher transport costs.
Iran and Oman Prepare to Register Safe Route in Strait of Hormuz
Iran and Oman are finalizing negotiations on a safe temporary route in the Strait of Hormuz, with an agreement expected to be registered with the IMO in the coming days.
Iran Announces Full Closure of Strait of Hormuz
Secretary of Iran's Supreme National Security Council Mohsen Rezaei announced the complete closure of the Strait of Hormuz to shipping and the shelling of American vessels.
IRGC Claims Strikes on US Vessels and Oil Tankers in Strait of Hormuz
The Islamic Revolutionary Guard Corps reported attacks on three American vessels and three oil tankers in response to US strikes on Iranian tankers.
Trump Says Oil Supplies Through Strait of Hormuz Restored
U.S. President Donald Trump announced that oil shipments through the Strait of Hormuz have recovered to 18 million barrels per day, noting that the previous level has been reached.
Trump Proposes Renaming Strait of Hormuz to 'Trump Strait'
US President Donald Trump has proposed renaming the Strait of Hormuz to 'Trump Strait', claiming it is under US control.
Supertanker Hits Mines in Strait of Hormuz
A supertanker carrying oil struck two naval mines in the Strait of Hormuz, causing a fire and loss of propulsion.
Iran Seeks Alternative Trade Routes via Caspian Sea
Amid uncertainty in the Strait of Hormuz, Iran is exploring trade development through northern ports and the Caspian Sea, potentially reducing dependence on southern routes.