Some Greek oil tanker owners are moving their ships closer to the Persian Gulf in a bet that the vessels will soon be able to earn sky-high rates if the Strait of Hormuz reopens.

Russia is exporting the most crude since its invasion of Ukraine back in 2022 as Kyiv's record attacks on its neighbor's oil refineries force more barrels into the global market.

US President Donald Trump said talks with Iran over an interim peace deal will “work out well,” even as the countries’ forces clashed again near the Strait of Hormuz.

Roughly one-quarter of the non-Iranian large oil tankers trapped inside the Persian Gulf at the outbreak of the Iran war have managed to slip out in a slow, stealthy trickle.

U.S. Treasury Secretary Scott Bessent on Thursday warned Oman that Washington is prepared to aggressively sanction any country or entity involved in facilitating an Iranian-linked tolling system in the Strait...

The icebreaking LNG carrier Christophe de Margerie appeared to be attempting an unusually early eastbound transit of Russia’s Northern Sea Route (NSR) this week after loading liquefied natural gas from the sanctioned Arctic LNG 2 project, highlighting both favorable ice conditions and mounting pressure on Moscow to sustain exports to Asia.

By Julian Lee May 24, 2026 (Bloomberg) –A supertanker hauling Iraqi crude to China has left the Persian Gulf and crossed the US blockade line into the Arabian Sea, as talks...

By Stephen Stapczynski May 23, 2026 (Bloomberg) –A liquefied natural gas tanker carrying a shipment for India has exited the Strait of Hormuz, the first for the country from the Persian...

By Paul Burkhardt May 23, 2026 (Bloomberg) –US forces have redirected 100 commercial vessels during its six-week-long blockade of Iran’s ports, Central Command said. The mission, supported by more than 200...

Iran's publication of a new map asserting its control over the Strait of Hormuz risks extending an already punishing ordeal for thousands of mariners trapped on ships in the Gulf.

Saudi Arabia’s sovereign wealth fund is considering consolidating transport and supply-chain assets to create a logistics giant that can attract foreign investment and better serve the kingdom’s trade hubs amid the upheaval caused by the Iran war.

South Korea has preliminarily selected shipping company Panstar Line to operate the country’s first trial container voyage along Russia’s Northern Sea Route (NSR), marking a significant step in Seoul’s ambitions to expand its role in Arctic shipping and develop alternative trade corridors between Asia and Europe.