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Oil Prices Tumble as Traders Price In a Strait of Hormuz Breakthrough
September WTI crude oil futures are trading at $78.08 early Friday, down $8.72, or 10.05%, for the week. The market opened at $80.10, traded as high as $82.33, and fell to $74.24. With Friday’s session still ahead, the w…
Read moreGaza Ceasefire Unravels as Regional Pressure on Israel Grows
Politics, Geopolitics & Conflict Eight Arab and Muslim countries have accused Israel of violating the Gaza ceasefire as Israeli strikes continue more than nine months after the U.S.-mediated “truce” took effect. Saudi Ar…
Read moreIran Is Playing for Time as Midterms Loom for Trump
Iran and Oman appear close to an agreement on reopening the Strait of Hormuz, but the remaining issues are substantial. Tehran would control inbound traffic while Oman would oversee outbound shipping, and Iran is seeking…
Read moreIndia's Crude Oil Output Falls for Third Straight Year
India’s crude oil production fell for the third consecutive financial year in 2025/2026, the government said as it launches a push to boost offshore oil and gas exploration. India’s crude output fell by 3% in the 2025/20…
Read moreIndia calls for technology-led port security framework
India’s Ministry of Ports, Shipping and Waterways has called for a technology-led approach to maritime security as the country expands its port network and digital infrastructure. Union Minister Sarbananda Sonowal set ou…
Read moreDa Nang approves $237m Lien Chieu Port investment
Da Nang has approved an investment of more than VND6.209 trillion ($237 million) to complete shared infrastructure at Lien Chieu Port as development of the city’s new container gateway continues. The investment policy wa…
Read moreAPMT Yucatán adds five terminal trucks
APM Terminals (APMT) Yucatán has added five terminal trucks to its equipment fleet at Puerto Progreso in Mexico as part of efforts to strengthen operational capacity. The operator said the new units will increase equipme…
Read moreIran-Oman Hormuz plan said to forbid U.S. passage; Iran attacks ’hostile’ targets
Iranian media on Thursday said a framework agreement between Tehran and Oman over the management of the critical Strait of Hormuz would prohibit passage of U.S., Israeli, and hostile vessels until compensation was paid.…
Read moreDNV: The 2026 PSC CIC on cargo securing – be prepared
The 2026 CIC on cargo securing Every year, PSC regimes determine a specific focus area during regular inspections. For the current year, the Paris and Tokyo MoUs have agreed to run a CIC on the topic of cargo securing. T…
Read moreENGINE: Americas Fuel Availability Outlook
North America In Houston, despite prompt availability being tight across the three conventional fuel grades, bunker demand has been strong over the past week. Suppliers recommend lead times of 5-7 days for HSFO and VLSFO…
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