A proposed deal between Iran and Oman that would give Tehran control over ships entering the Gulf through the Strait of Hormuz is not easily workable due to U.S. sanctions and restrictive insurance clauses on any payments, four industry sources said.

Swedish prosecutors have expanded the criminal investigation into last month’s fatal collision between the Norwegian cargo ship Misje Verde and a pleasure boat by naming the vessel’s pilot as a criminal suspect...

The wait for an Iran-Oman deal that partially reopens the Strait of Hormuz continued into Thursday, after the Islamic Republic said an agreement on proposed shipping lanes was in the final stages.

The Panama Canal Authority (ACP) will impose another round of draft restrictions for vessels transiting its Neopanamax locks later this month as water levels in Gatun Lake continue to decline...

Almost six months into the U.S./ Israel war with Iran, the state of the Strait of Hormuz is still constrained. Ambrey has alerted another tanker aborted its transit through the Strait of Hormuz after two explosions were reported 37 NM southwest of Bandar-e-Jask, Iran.

Europe’s first meaningful rains in weeks are unlikely to be widespread or sustained enough to quickly raise critically-low river levels, prolonging costly shipping and power supply restrictions as another spell of heat threatens to build.

The Houthis on Wednesday claimed responsibility for another attack on a Saudi oil tanker, while UK Maritime Trade Operations (UKMTO) issued a fresh warning about a separate explosion near a...

The global shipping industry is urging the United Nations and the International Maritime Organization (IMO) to oppose any attempt to impose compulsory tolls or transit fees in the Strait of...

Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and a joint announcement is being finalized, provided certain third parties did not interfere, Iran's Foreign Ministry spokesperson Esmaeil Baghaei said on Wednesday.

A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, in one of the biggest concessions yet to Iran.

U.S. President Donald Trump said his administration had "very good discussions" with Iran during all-day negotiations on Tuesday, fueling expectations of an imminent end to the five-month conflict.

U.S. Energy Secretary Chris Wright said the Trump administration is likely to extend its temporary emergency waiver of the Jones Act again, arguing the measure has helped move energy supplies...