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Why oil’s not at $200 after the biggest supply shock in historyGlobal oil prices are defying expectations, staying below $100 a barrel even after the Strait of Hormuz was effectively blocked. Record US ...
US–Iran War Day 53: Last hours for peace? Ceasefire nears expiry as Trump warns 'bombs will go off' & Iran threatens Hormuz; Markets watch nervouslyIran War Day 53 News: US–Iran war entered day 53 with tensions rising as a fragile ceasefire neared expiry and uncertainty surrounded possi...
Cabinet approves ₹12,980 crore sovereign-backed maritime insurance poolThe Union Cabinet, chaired by Narendra Modi, on Saturday approved a Sovereign Maritime Fund to provide insurance cover for Indian-flagged, ...
Cabinet meeting key decisions: Maritime insurance pool, DA hike for 1.18 crore government staff, new rail corridor among othersThe Union Cabinet has approved significant decisions impacting infrastructure and social security. A new Bharat Maritime Insurance Pool wil...
Convoy of tankers is seen crossing Strait of Hormuz, vessel tracking data showsA convoy of eight tankers is crossing the Strait of Hormuz. Ship owners hope Tehran will allow them to leave the Gulf during a short ceasef...
IRGC imposes strict navigation rules in Strait of Hormuz amid US blockade on Iranian portsIran's IRGC Navy has imposed new restrictions on maritime traffic through the Strait of Hormuz, permitting only civilian vessels on designa...
Greek, Indian tankers U-turn before Hormuz amid reopening doubtSeveral oil tankers have turned back in the Persian Gulf. This follows Iran's mixed signals on keeping the Strait of Hormuz open. Shipowner...
US oil heads to Greece for first time in four years as refiners seek alternatives to Middle East crudeUS crude oil is reaching Greece for the first time in four years. This shift is driven by Middle East conflicts impacting trade routes. Mea...
Strait of Hormuz blockage: Key facts, figures, and impact on global oil and LNG tradeHere are key facts and figures about the blockage of the Strait of Hormuz, a crucial shipping route virtually paralysed by the Middle East ...
What cargo is moving through Strait of Hormuz as shipping drops 95%Shipping through the Strait of Hormuz has plunged 95% since the war began, with only limited crossings—mostly Iranian oil and gas vessels—r...
Hormuz chokehold leaves over 1.7 million tonnes of India’s oil, LNG and LPG cargo strandedIn the heart of the Persian Gulf, twenty-two Indian vessels laden with essential oil and gas remain stranded. With millions of tonnes of cr...
Nayara turns to dark fleet and Russian oil for survivalAfter EU sanctions, Nayara Energy is using dark-fleet tankers and a limited crude import selection to maintain operations, raising concerns...
Oil shippers, traders avoid EU-sanctioned Nayara EnergyFollowing EU sanctions, shipowners and oil traders are increasingly avoiding Russia-backed Nayara Energy, leading to logistical disruptions...
Russian oil logistics in chaos with weeks until sanctions biteA vast shadow fleet of tankers with unknown owners is being amassed to service Moscow’s interests. Intense US-led diplomatic wrangling to s...
Fire onboard oil tanker off Sri Lanka's coast completely extinguished: NavyThe Sri Lankan Navy on Friday confirmed that a Filipino sailor died in the boiler explosion in the engine room of the Panama registered tan...
Sri Lankan Navy, Indian ships battling fire on board oil tanker, one crew deadThe Sri Lankan Navy on Friday confirmed that a Filipino sailor died in a boiler explosion in the engine room of the Panama registered tanke...
Lifting of US sanctions on Iran to help India’s oil importsAccording to Iranian government sources, Tehran is targeting India besides its traditional European partners as one of its top destinations.
- For seafaring Greeks, piracy compounds global trade slowdown woes
After years of booming business, the past months - marked by a financial crisis for the history books and resurgent high seas piracy - have...
- Somali pirates take more Indians hostage
Following the release of the MT Stolt Valor's crew on Sunday, more Indians were feared to have fallen into the clutches of Somali pirates o...
- Indian warship shells pirates as super-tanker held to ransom
An Indian warship opened fire at a Somali pirate "mother ship", the navy said on Wednesday, as bandits demanded a ransom for a Saudi super-...