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SHIPPING ROUTES
Yemen risks a return to civil war as Iran-backed rebels target a vital oil shipping routeYemen faces renewed civil war as Houthi rebels advance near a vital shipping lane. The rebels' move threatens the Bab el-Mandeb Strait, a c...- Houthis seize key Yemeni Red Sea port, sources say, threatening global energy flowsHouthi militants seized Yemen's Mocha port, threatening vital global energy supplies. This escalation occurs as Iran and the United States ...
- Why is the Bab el-Mandeb Strait so important?Iran-backed Houthis aim to control Yemen's Red Sea coast and Bab el-Mandeb strait. This strategic waterway connects Asia to Europe via the ...
- Yemen's Houthis close in on stranglehold over strategic Bab el-Mandeb StraitThe Houthis in Yemen are making significant strides towards seizing control of the Bab el-Mandeb Strait. Recent clashes between Saudi-backe...
- Suez Canal revival gathers pace as Hormuz crisis reroutes shipsThe Suez Canal experienced a striking 42% increase in revenue during July, attributed to the rerouting of maritime traffic caused by the cl...
- Global Market: European markets fall as Middle East tensions push oil prices higherEuropean markets declined as investors awaited crucial US inflation stats, while escalating Middle East tensions propelled oil prices upwar...
- Oil’s $100 nightmare is back as worst-case scenario is taking shapeHouthi attacks on Saudi energy facilities have disrupted oil operations. These strikes also pressure the Bab al-Mandeb chokepoint, impactin...
- Shipping nations warn global trade is fracturing — and everyone paysThe Strait of Hormuz, which Iran effectively shuttered after the US and Israel launched strikes against it in February, is a stark example ...
- US sanctions on Iran: Basmati demand stays strong, pharma and livestock exporters face new hurdlesIranian demand for Indian basmati remains resilient despite tougher US sanctions, but exporters are facing rising shipping, insurance, and ...
- Iran strikes US base in Jordan, threatens more retaliation after tanker attacksIran's Revolutionary Guards struck a US military base in Jordan with missiles. This action followed US forces destroying five Iranian oil t...
- Global Market: Goldman lifts brent, WTI forecasts as Hormuz shipping risks mountGoldman Sachs has raised its Brent and WTI crude price forecasts by $5 a barrel for December 2026 and 2027, citing prolonged Middle East sh...
- Brent crude oil price nears $100 as attacks on tankers threaten to worsen supply shockOil prices climbed to a six-week high as US-Iran attacks on commercial vessels disrupted Strait of Hormuz shipping. Falling tanker traffic ...
- Panama Canal gets its first woman boss as Trump watches and $1.5 billion water crisis waitsNaval engineer Ilya Espino de Marotta now leads the Panama Canal administration. Her immediate priority involves advancing a significant re...
- Iran vows to respond to US strikes, says US energy companies' facilities are 'exposed'Iran has threatened to retaliate against any new United States attacks on its assets. The nation warned that regional energy production is ...
- Oil Price Today (September 7): Crude oil approaches $100 as US, Iran strikes hit oil vessels in Hormuz. Experts weigh inThe latest escalation came on Saturday when U.S. forces struck three Iranian oil tankers, according to U.S. Central Command. One of the ves...
- India emerges as key diesel supplier to Europe as Russian, US flows falterIndia now supplies sixty percent of diesel transiting Bab-el-Mandeb to Europe. Russian diesel exports remain severely constrained due to on...
- Crude oil rally nears $100: Will geopolitical risks push prices higher?Crude oil prices are nearing $100 per barrel, driven by escalating geopolitical tensions between the US and Iran. While physical supply rem...
- How El Nino is choking the Panama CanalThe Panama Canal will reduce daily ship transits due to a severe drought. This El Nino phenomenon is causing significant water shortages fo...
- BRICS Summit: Arctic partnership to figure high in Modi-Putin meetIndia and Russia are ramping up their collaboration in the Arctic, with a strong focus on resource development. A meeting between President...
- Two Turkish-flagged ships collide off Istanbul, one believed to have sunkTwo Turkish commercial vessels collided in the Sea of Marmara. Contact was lost with the Tugberk Imamoglu and its ten crew members. Coast g...
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