Iran signals conditional Hormuz access as US pressure mounts
Tehran’s carve-out for “enemy-linked” vessels leaves the strait’s status deeply ambiguous for tanker operators Iran frames partial passage as diplomacy, but the conditions remain uncertain for most tradersIran’s representative to the IMO has stated that the Strait of Hormuz remains open to vessels not linked to “Iran’s enemies,” offering a narrow diplomatic signal while stopping […]
Hormuz closure triggers historic energy shortages as IEA mobilises emergency response
Strait closure removes a fifth of global oil flows A crisis without modern precedent forces an emergency policy responseMore than three weeks of conflict in the Middle East have produced what the IEA’s executive director Fatih Birol describes as a disruption on par with the combined impact of the 1970s oil shocks and the 2022 […]
Hormuz disruption drives tanker earnings to recent highs
Global shipping markets restructure as Strait of Hormuz remains effectively closed Tankers: Earnings at highest levels since 2022 as Gulf flows reroute through alternative corridorsAverage VLCC earnings stood at approximately USD 227,000 per day as of March 20, reflecting a fundamental restructuring of crude trade flows, with most cargoes now loading from Yanbu, Fujairah, and […]
