Hormuz Strait

Rare oil tanker ventures across the Strait of Hormuz amidst Middle East firestorm

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Amidst the context of the almost completely frozen Hormuz Strait, only 3 oil tankers have traveled through this route in the past 72 hours.

US will focus on attacking to clear the Strait of Hormuz, reducing gasoline prices

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Tensions in the Middle East disrupt energy transportation, forcing the US to prepare for strong actions to restore oil circulation.

1,000 ships in the Middle East lose positioning signal, extremely high risk

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About 1,000 ships in the Middle East have lost the ability to locate after the signal was jammed, since airstrikes by the US and Israel began.

Boats stranded in the Persian Gulf race to claim to be Chinese ships

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When the Iranian war caused ships to become targets at sea, some crew members changed their identification signals to declare themselves Chinese ships.

Russian oil unexpectedly in high demand as Iran war squeezes supply

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Russian oil and gas demand suddenly surged as Iranian war disrupts energy flow through the Strait of Hormuz to the world.

US announces $20 billion insurance package for oil tankers passing through the Strait of Hormuz

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The US announced a $20 billion ship reinsurance program to restore energy and freight transportation that is paralyzed in the Persian Gulf.

Hormuz Strait paralyzed, China negotiates separately with Iran

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China is secretly negotiating with Iran to ensure that oil and LNG tankers can safely travel through the Strait of Hormuz.

Iran announces missile launch to burn US oil tanker

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Iran claims to have attacked a US oil tanker in the Persian Gulf, threatening to block all ships linked to the US or Israel through the Strait of Hormuz.

Hormuz Strait congested, Aramco activates another route to export 5 million barrels of oil/day

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Aramco Group - the world's largest oil exporter - is planning to export oil through the Red Sea to avoid the Strait of Hormuz.

US deploys 12 warships, ready to escort oil tankers through the Strait of Hormuz

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Mr. Trump declared that the US Navy can escort oil tankers through the Strait of Hormuz, supporting political risk insurance to stabilize the global energy market.

Hormuz Strait closed, Russian LNG has a chance to take the upper hand

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Russian LNG is forecast to benefit in Asia in the context of the Hormuz Strait being closed due to the US-Iran conflict.

European gas prices forecast to reach $600 as Iran closes the Strait of Hormuz

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European gas prices could skyrocket to $600/1,000m3 even though Iran may only close the Strait of Hormuz for a short time.

Iran blockades the Strait of Hormuz

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The Strait of Hormuz unexpectedly fell into an unprecedented spiral of tension as Iran announced its closure and threatened to attack all ships trying to cross.

Iran still has a strategic card that could strike at the US

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Iran still holds in its hands an unofficially used strategic card of paralyzing the Strait of Hormuz, which could lead to a shock to gasoline and oil prices in the US.

Oil tanker paralyzed in the Strait of Hormuz, Russia warns of global oil shock

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At least 3 oil tankers were damaged, more than 200 ships anchored in the tense Hormuz Strait due to Iranian war, while Russia warned of a global oil price shock.