Iran will allow Indian-flagged tankers to transit the Strait of Hormuz, a conduit for 40% of the South Asian nation's crude imports, an Indian government source said on Thursday, but an Iranian source outside the country denied any such deal was reached.

The US Navy could start escorting tankers through the Strait of Hormuz by the end of this month, Energy Secretary Chris Wright said.  Wright said on CNBC on Thursday US military assets were currently focused on destroying Iran’s offensive capabilities and weapons manufacturing, but could shift focus to protecting shipping traffic in the coming weeks.

Russia will push its nuclear-powered icebreakers to sea for up to 270 days a year, increasing workloads as an ageing fleet, sanctions-related delays and unpredictable ice conditions strain Moscow’s ability to escort cargo along the Northern Sea Route.

Iran said the world should be ready for oil at $200 a barrel as its forces hit merchant ships on Wednesday and the International Energy Agency recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the 1970s.

The push to bring nuclear energy back into commercial shipping is gaining momentum as the American Bureau of Shipping (ABS) and South Korea’s HD Hyundai shipbuilding group launch a new effort to study nuclear-powered...

A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of the first big tankers to leave the Persian Gulf since traffic through the chokepoint all but halted.

By Serene Cheong Mar 7, 2026 (Bloomberg) –Another bulk carrier signaled it was Chinese-owned as it sailed through the Strait of Hormuz, the narrow waterway at the mouth of the Persian...

Russia’s sanctioned Arctic LNG 2 export network is showing early signs of disruption after an explosion sank one of its shadow fleet carriers in the Mediterranean this week, forcing other tankers to halt or reroute and raising new questions about the security of a key shipping corridor.

France has reached out to the governments of Italy and Greece to coordinate efforts in the Eastern Mediterranean as tensions over the war in Iran flare, a person close to French President Emmanuel Macron said.

President Donald Trump says the US will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping industry sees it — at best — as only a partial solution to a historic crisis.

China has called on all sides of the Iran war to ensure the safe passage of ships through the Strait of Hormuz, the most direct call to date from the Islamic Republic’s top economic partner for continued trade through the waterway.

A venture that’s taken a dominant position in the global market for oil supertankers is asking for sky-high charter fees to deliver Middle East crude as the Iran war sends rates spiraling upward.