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SHIPPING DISRUPTION
Oil Price Today (October 14): Crude oil gains to $107 as Houthis attack Saudi Aramco building in new attacks. What are experts saying?Brent crude futures rose $1.40, or 1.35%, to $107.35 a barrel, while US West Texas Intermediate (WTI) crude futures gained $1.24, or 1.32%,...- Iran shifting tactics to step up attacks on shipping before US vote: OfficialsIran has begun using new offensive tactics against vessels in the Strait of Hormuz and nearby waters. This strategy aims to limit oil shipp...
- Crude oil crisis in Hormuz: Much more than just price and quantityThe conflict in Iran has closed the Strait of Hormuz, severely impacting global oil shipments and market dynamics. While oil availability h...
- The Andaman Islands could be India's next big trade trump cardIndia is focusing on strengthening the Andaman and Nicobar Islands' strategic maritime role for regional trade. The upcoming Andaman Dialog...
- Oil Price Today (October 13): Crude oil falls to $105 as traders assess Russian supply, Mideast attacks. What’s next?Brent crude futures fell 61 cents, or 1.05%, to $105 a barrel, while US West Texas Intermediate crude futures declined 92 cents, or 1.05%, ...
- Oil ticks lower as Russia diesel supply prospects counter Gulf supply risksOil prices dipped following a prior rise, with Brent crude futures down by 61 cents per barrel. Traders weighed supply risks stemming from ...
- Indian rice exporters find a way through disruptions to retain competitiveness in Gulf marketIndian rice exporters have partnered with Eximwala Solutions to utilise bulk shipping for their products with an aim to significantly lower...
- India’s Rs 34,284-crore Basmati trade gets a logistics boost with Iraq shipping planIREF has introduced a bulk-shipping initiative aimed at cutting freight costs for Basmati rice exports to Iraq. This initiative will lower ...
- Port of Los Angeles sets September volume record, executive director saysThe Port of Los Angeles achieved a new record for container volume in September with over one million TEUs. This increase is attributed to ...
- US military says it disabled cargo vessel trying to run Iran blockadeA US military fighter jet disabled the Panama-flagged M/V Ocean Molica after it violated a naval blockade. This action occurred in the Gulf...
- Brent commands a war premium as Middle East supply risks keep oil on edgeBrent crude is trading above $100 a barrel as geopolitical tensions and supply risks in the Middle East sustain its premium over WTI. For I...
- 22 Indian crew safe after drone attack on Panama-flagged tanker off SharjahUnion Minister Sarbananda Sonowal confirmed that all Indian crew members aboard the MT GEM NO. 2 are safe. The vessel was targeted in a dro...
- ET Evoke: ‘Shipping, moving 80% world trade, is far more volatile than stocks,’ says Harvard University's Myrto KalouptsidiMyrto Kalouptsidi, Harvard professor of international economics, explains how shipping disruptions at chokepoints such as Hormuz, Suez and ...
- Sharjah eyes $3 billion Indian investment as ports shift amid Hormuz disruptionSharjah is anticipating significant investment from India, targeting $3 billion between 2026 and 2027. The expansion of Khorfakkan port is ...
- India’s diesel exports hit 1-year high in September as record margins drive Europe shipmentsIndia’s diesel exports rose to a one-year high of about 620,000 barrels per day in September as record refining margins encouraged refiners...
- Iraq devalues its currency as Mideast war disrupts oil shipping routesIraq has officially devalued its currency from 1,300 dinars to 1,500 dinars to the US dollar. The Central Bank announced this decision foll...
- EIA raises oil price forecasts as Iran war tightens global marketsThe EIA raised its oil price forecasts, citing tight global inventories, limited diesel supplies and ongoing Middle East supply risks. Bren...
- Ships take long way around as drought snarls Panama CanalThe month of August and September witnessed an impressive 70% rise in maritime traffic transiting the Strait of Magellan. This surge is pri...
- Middle East oil exports are recovering despite Strait of Hormuz tanker attacks, but the bigger problem is getting crude safely to buyersMiddle Eastern oil exports have significantly recovered as shipping companies navigate a complex transport network. While conventional meth...
- Explainer: Who are the Houthis, Iran's allies in Yemen?Yemen's Saudi-backed government has initiated a military counteroffensive against the Iran-backed Houthis, seeking to recover lost territor...
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