Amidst oil shipping disruption in the Strait of Hormuz, Ukraine has attacked an oil pipeline leading to Russia’s export terminals on the Black Sea, hoping to restrict Moscow’s access to revenue from energy sales. On Thursday, Ukrainian forces struck a key...
A container ship has reported an attack at a position just west of the Strait of Hormuz, according to UK Maritime Trade Operations (UKMTO). At about 0200 hours GMT on Wednesday, the master of a container ship reported that the vessel had been hit by an...
Nearly two months after French authorities intercepted a small vessel smuggling a large amount of cocaine across the Pacific, the same vessel has now turned up off Australia and issued a distress call. ABC News Australia reports the vessel was escorted into Sydney...
The U.S. Treasury Department late on Thursday, March 12, announced it was issuing a general license authorizing the delivery and sale of Russian crude oil and petroleum products already loaded on tankers and at sea in a desperate attempt to stabilize global oil...
As the U.S. threatens to escalate attacks against Iran, the shutdown of a key Persian Gulf shipping lane is causing congestion at regional ports that threatens to spread to the global supply chain. Now entering its second week, the undeclared war has hampered ports...
MARCH 7 — Rising tensions in the Middle East involving Iran, the United States, and Israel are sending shockwaves across the global landscape. What may appear as a regional conflict carries far-reaching implications for international trade, energy markets,...
