Hormuz Strait

Huge Gulf oil pipeline becomes savior when Hormuz paralyzed

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Saudi Arabia and UAE's giant oil pipeline has become a "lifebuoy" for the world's energy supply as the Ormuz Strait is paralyzed.

Cargo ship catches fire in the Strait of Hormuz

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Cargo ship hit by strange object in the Strait of Hormuz, crew evacuated.

LNG may be more affected than oil

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The near paralysis of the Strait of Hormuz has caused world oil prices to skyrocket. However, experts warn that the market may be more severely affected by liquefied natural gas (LNG).

Iran drops naval mines in the Strait of Hormuz, world oil prices fluctuate

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The Strait of Hormuz - the world's most important oil and gas transportation route - was mined by Iran, causing global oil prices to fluctuate violently.

Iran reveals conditions to stop oil blockade

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Middle East tensions escalate as Iran and the US issue tough warnings about oil supplies.

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.