The number of oil tankers crossing Egypt’s Suez Canal surged by almost a third in April and drove revenue to the highest since early 2024, as the closure of the Strait of Hormuz spurred an alternative Red Sea energy route.

U.S. Energy Secretary Chris Wright said on Tuesday that ship traffic in the Gulf and oil exports through the Strait of Hormuz are rising even as Washington and Tehran struggle to reach a deal on ending their more than three-month-old war.

Russia has reopened its seasonal eastern export corridor for liquefied natural gas from the sanctioned Arctic LNG 2 project after the icebreaking LNG carrier Christophe de Margerie completed a rare early-summer voyage along the Northern Sea Route (NSR), signaling the start of the 2026 navigation season to Asia.

For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic catastrophe.

June 8 – Yemen’s Iran-aligned Houthis said on Monday that they would ban ships linked to Israel from the Red Sea after Israel renewed its military attacks on Iran, adding to concerns about global shipping and energy...

The Houthis, an Iran-backed militant group that controls much of Yemen, declared a ban on Israeli ships in the Red Sea, threatening a key bypass route to the Strait of Hormuz.

By Brendan Murray Jun 6, 2026 (Bloomberg) —Container shipping rates jumped over the past week amid higher fuel costs, congestion at some Asian ports and a pickup in demand heading into...

Satellite imagery has captured the sanctioned Russian liquefied natural gas carrier Christophe de Margerie making a rare early-season eastbound voyage along the Northern Sea Route under escort from the nuclear icebreaker Ural, a transit that has only been attempted twice before at this time of year.

MANILA, June 4 (Reuters) – Satellite images obtained by Reuters confirmed the presence of a structure at the entrance of the hotly disputed Scarborough Shoal in the South China Sea last week, though...

The trickle of tankers exiting the Strait of Hormuz has gathered pace in recent weeks, as traders adopt stealth measures to make the crossing. While this is freeing some of the vast oil inventories trapped in the Gulf, it does not signal a slow return to normalcy. Instead, it previews the opaque, fragmented energy market the Iran war is set to leave in its wake.

The European Union has proposed that the bloc's Aspides naval mission take "the primary role" in clearing mines in the Strait of Hormuz "when conditions allow" as part of a Franco-British-led initiative, according to a document seen by Reuters.

A month after President Donald Trump announced — and then abandoned — a plan to escort commercial ships through the Strait of Hormuz, the US military is trying less public ways of protecting vessels in the vital waterway.