The European Commission proposed an overhaul of the EU's Emissions Trading System on Friday, allowing industries to emit CO2 longer while offering more financial support to invest in clean technologies in Europe.

Iran’s speedboats, missiles, drones and mines have shown they can still wreak havoc in the Strait of Hormuz, defying daily strikes from the most powerful navy in the world.

Iran has asked Yemen’s Houthi movement to stand ready to close the Red Sea oil route if the United States strikes Iranian power infrastructure, three sources told Reuters on Thursday, posing a potent new threat to global energy supplies.

Greece has thrown the European Union’s proposed 21st sanctions package against Russia into limbo, demanding exemptions for a domestic shipping company whose specialized Arctic liquefied natural gas carriers could become stranded assets under new restrictions aimed at tightening pressure on Moscow’s energy exports.

The US struck Iran for a fifth straight day overnight and hit a sanctioned oil tanker near the country’s main export terminal, as tensions between the warring sides show little sign of abating.

Iran has warned that its campaign to throttle global energy markets could be expanded from the Strait of Hormuz to the vital Red Sea route if U.S. attacks continue, a threat that depends on its Houthi allies in Yemen.

By Alaric Nightingale and Julian Lee (Bloomberg) — The recent spate in attacks on commercial shipping during the Iran war has increasingly involved supertankers, highlighting the challenges of reviving the...

China’s Sealegend Shipping plans to launch the first scheduled weekly container shipping service between China and Europe via the Northern Sea Route (NSR) this summer, marking a significant step toward regular commercial container operations across the Arctic following last year’s record-setting transit.

A handful of ships have passed through the Strait of Hormuz in secret in recent days, even as observable crossings all but ceased after a flare-up in fighting between the US and Iran.

SINGAPORE, July 13 (Reuters) – The number of vessels transiting the Strait of Hormuz fell to multi-week lows on Sunday, shipping data showed, as renewed strikes between the U.S. and Iran and attacks on ships...

By Kanoko Matsuyama and Rong Wei Neo Jul 12, 2026 (Bloomberg) –Oil jumped as the US and Iran exchanged fresh strikes, with the sides offering conflicting statements on whether the Strait of...

By Sara Gharaibeh Jul 12, 2026 (Bloomberg) –The Strait of Hormuz’s southern route remained open to shipping on Sunday despite Iran declaring the waterway closed as tit-for-tat attacks between the US...