Topic
strait of hormuz
Logistics Direct Hits on Tankers Push Hormuz Traffic to New Lows, Brokers Warn
Tanker traffic through the Strait of Hormuz has fallen sharply after a series of direct Iranian attacks on commercial vessels. Outbound movements average just four tankers per day, inbound three, well below previous averages. The pool of willing shipowners is shrinking, and the risk environment is deteriorating rapidly.
Logistics Sinokor Offers Crews Six Months' Pay for Hormuz Round Trips After Tanker Attacks
After two product tankers were abandoned following projectile strikes in the Strait of Hormuz, South Korea's Sinokor Group offered crews six months' additional pay for a one-month round trip. War-risk premiums have climbed to 10% of vessel value, and commercial traffic through the chokepoint has slowed sharply.
Logistics Hormuz transits fall sharply as Iran warns of unsafe waters amid US strikes
Transits through the Strait of Hormuz have dropped sharply after Iran claimed two oil tankers exploded and warned the waterway is unsafe. Clarksons data shows crude tanker transits fell from six to roughly two per day, and total shipping from 36 to about 15, as the US continues airstrikes on Iran.
Commodities US firms sign $60 billion Iraq deals to expand oil exports beyond Strait of Hormuz
US companies signed roughly $60 billion in agreements with the Iraqi government on Friday, including deals to develop alternative oil export routes beyond the Strait of Hormuz. The agreements come amid the US-Iran war that has disrupted Hormuz shipments and caused oil price volatility. Chevron signed three agreements focused on boosting production and building a new pipeline. Goldman Sachs estimated pipelines could carry 60% of current Hormuz oil by 2028.
Commodities Strait of Hormuz closure: Why crude oil prices haven’t spiralled out of control amid US-Iran conflict
The closure of the Strait of Hormuz caused the biggest oil supply disruption in history, removing 13.6 million barrels per day (13% of global output). Yet crude prices only briefly touched $144/barrel before easing, far below inflation-adjusted levels of previous crises. According to the Asian Development Bank and industry experts, the market's resilience stems from non-OPEC production growth, alternative export routes, US record exports, and China's energy transition.
Commodities IEA warns global energy security at risk if Strait of Hormuz oil flows are not restored
IEA Executive Director Fatih Birol warned on July 17, 2026, that global energy security is at risk if oil flows through the Strait of Hormuz are not restored in the next few weeks. The waterway has been mostly blocked since the conflict began on February 28 with U.S. and Israeli strikes on Iran. Birol highlighted that China's stockpile of over 1 billion barrels and an IEA-coordinated release of up to 400 million barrels have moderated price rises, but these measures cannot last indefinitely.
Logistics Hormuz and Red Sea Risks Converge as US Strikes Iranian-Bound Tanker, Houthis Threaten Bab el-Mandeb
The US military fired missiles into a commercial tanker attempting to reach Iran, while Tehran’s Revolutionary Guard threatened to prevent regional energy exports if Iranian cargoes are blocked. Simultaneously, a senior Houthi official warned that Bab el-Mandeb could be closed if regional fighting escalates, raising the prospect of simultaneous disruption at the Middle East’s two key maritime energy exits.
Commodities Russia, Strait of Hormuz Combine to Drive Diesel Higher After Nine-Week Decline
The benchmark diesel price rose 21.8 cents to $4.796/gallon amid escalating geopolitical risks. ULSD futures soared over 20% from a July 2 low as Russian refining capacity hit 21-year lows and Strait of Hormuz traffic slowed drastically. The spread between Brent crude and diesel widened to $1.84/gallon, one of the highest since the war began.
Logistics DP World plans UAE port and container terminal near Fujairah to bypass Strait of Hormuz: Report
DP World plans to develop a new multipurpose port and container terminal on the UAE's east coast near Fujairah, bypassing the Strait of Hormuz. The project would lessen reliance on Jebel Ali, which has 19 million TEU annual capacity. The plan is early-stage with financing unresolved, according to a Financial Times report cited by FreightWaves.
Trade US and Iran Trade Fire as Tensions Rise Over Strait of Hormuz
The US launched a new attack on Iran on Sunday evening, killing one person, according to Iranian state media. Iran's Islamic Revolutionary Guard Corps (IRGC) responded by striking US military bases in Kuwait, Jordan, and Bahrain. The Strait of Hormuz remains at the center of conflicting claims—Iran says it is closed, the US insists it is open. Oil prices jumped 4.3% in Asia on Monday, with Brent crude at $79.26 a barrel.
Logistics Container Ship Attacked in Strait of Hormuz as Iran Widens War, Disrupting Global Trade
Iran attacked the container ship GFS Galaxy in the Strait of Hormuz, setting it afire and forcing crew to abandon ship. Iran declared the strait closed to vessel traffic and expanded missile/drone attacks on several Gulf states. Energy prices surged, and Maersk's planned Suez restart is threatened.
Logistics Strait of Hormuz Security Collapses After Boxship Attack; US and Iran Trade Strikes
The security situation in the Strait of Hormuz deteriorated sharply after a 7,000 TEU container vessel operated by Global Feeder Shipping was attacked and caught fire. The US launched further strikes on Iranian targets, and Iran retaliated with missile and drone attacks across the Gulf. Iran declared the strait closed while the US insists it remains open, creating uncertainty for shipping.
Logistics Strait of Hormuz Ship Traffic Plunges After US-Iran Strikes on Tankers
Traffic through the Strait of Hormuz fell steeply to 23 ships on Wednesday 8 July, down from 47 a week earlier, after attacks on three tankers and renewed US-Iran strikes. The drop follows a fragile peace deal signed 17 June that had temporarily boosted crossings to 72 ships. Iran insists only its approved northern route is safe, while the US recommends a southern Omani corridor. Logistics operators face heightened risk, potential delays, and rerouting decisions.
Logistics Strait of Hormuz Near Standstill, Ukraine Strikes, Evergreen Raided, ZIM Sale Faces Hurdles
The Strait of Hormuz saw a near standstill after US strikes on Iran, with three vessels attacked. Ukraine escalated attacks on Russian shipping. Evergreen Marine was raided in Taiwan. The ZIM sale to Hapag-Lloyd faces political opposition. The Panama Canal will reduce neopanamax draught limits.
Logistics Strait of Hormuz Traffic Near Standstill as Trump Declares Ceasefire 'Over' After US Strikes on Iran
Traffic through the Strait of Hormuz came to a near standstill on July 9 after a second day of US strikes on Iran, with President Trump declaring the ceasefire 'over.' Iran struck Kuwait and Bahrain, and attacks on three commercial vessels—including an LNG carrier and two VLCCs—prompted an IMO evacuation framework suspension. The Joint Maritime Information Centre raised the threat assessment to severe, and Iran threatens to close the strait completely.
Trade How India managed the Strait of Hormuz crisis without disrupting household energy supplies
India successfully managed the Strait of Hormuz crisis triggered by a US-Israel strike on Iran on February 28, avoiding disruption to household energy supplies. The response involved a rapid LPG Control Order, a surge in domestic LPG production from 35,000 to 54,000 tonnes/day, and diplomatic efforts to secure passage. The crisis was cushioned by a decade of infrastructure investments including doubling LPG import terminals to 22 and expanding refinery capacity to 258 million tonnes per annum.
Commodities India Lifts Emergency Natural Gas Curbs After Strait of Hormuz LNG Shipments Resume
The Indian Ministry of Petroleum and Natural Gas has withdrawn emergency provisions under the Natural Gas (Supply Regulation) Order, 2026, which had allowed prioritised allocation of domestic gas and imported LNG. The curbs were imposed in March 2026 following disruptions to LNG shipments via the Strait of Hormuz. Their removal follows a ceasefire in the West Asia conflict that has restored LNG flows through the strategic waterway.
Trade US revokes Iranian oil sanctions waiver after three tankers hit in Strait of Hormuz
The United States revoked a sanctions waiver allowing Iranian oil sales after three tankers were hit by projectiles in the Strait of Hormuz. The license, issued under an interim US-Iran agreement, was lifted due to Tehran's 'unacceptable' actions. Iran condemned the move as a breach of the deal.
Logistics Strait of Hormuz Crisis: Tanker Attacks Trigger US Strikes, Threat Level Raised to 'Severe'
Three tanker attacks in 24 hours — including a Qatari LNG carrier and a Saudi-linked VLCC — have pushed the Strait of Hormuz back into crisis mode. The US responded with strikes on Iranian military infrastructure, and the Joint Maritime Information Center raised the threat level to 'severe'. The escalation reverses a fragile recovery from last month's ceasefire and threatens commercial shipping through the vital waterway.
Logistics Projectile strike near Strait of Hormuz tests fragile recovery of commercial shipping
A tanker was struck by an unknown projectile near the Strait of Hormuz on Monday, testing the fragile recovery of commercial shipping following last month's US-Iran ceasefire. The incident occurred near the US-coordinated southern transit corridor off Oman, and authorities continue to warn of a 'substantial' maritime security threat. Meanwhile, bulk carriers carrying sulphur face severe corrosion risks from prolonged delays.
Commodities Crude Oil Futures Gain as Attacks on Ships in Strait of Hormuz Heighten Geopolitical Risk
Crude oil futures rose on Tuesday morning following reports of attacks on ships in the Strait of Hormuz. September Brent futures gained 0.64% to $72.45, while WTI rose 0.55%. The UKMTO reported a tanker hit by a projectile off Oman, and US officials said Iran fired missiles at commercial vessels.
Commodities OPEC+ agrees fresh August oil output hike as Strait of Hormuz reopens
OPEC+ has agreed to increase oil production quotas by 188,000 barrels per day (bpd) from August, continuing the unwinding of earlier cuts. The decision comes as the Strait of Hormuz reopens following a US-Israeli war on Iran that had disrupted exports. Oil prices have retreated to pre-war levels, with Brent crude settling near $72 per barrel.
Commodities India lifts gas supply restrictions as LNG flow through Strait of Hormuz resumes
The Indian government has withdrawn its March 2026 order regulating natural gas supply, allowing normal LNG imports to resume as Strait of Hormuz reopens after a ceasefire. The emergency measures had prioritised supply for domestic PNG and CNG while reducing fertiliser sector allocations. India, the fourth-largest LNG importer, sources 41.4% of its LNG from Qatar.
Commodities India Plans 30-Day LPG Storage Buffer After Iran War Exposes Hormuz Supply Risk
State-run OMCs in India are developing a 30-day strategic LPG reserve to mitigate supply risks highlighted by the Iran conflict, with BPCL investing roughly Rs 5,000 crore to nearly double its storage capacity. The plan includes expanded onshore, underground, and floating storage, alongside import diversification from the US, Europe, and Russia. India imports nearly 60% of its LPG, with about 90% of those imports passing through the Strait of Hormuz.
Logistics Strait of Hormuz Operations at Risk as Iran-Oman Toll Plan Threatens Global Oil and LNG Flows
Iran and Oman are considering charging ships for transit through the Strait of Hormuz, a vital chokepoint for about one-fifth of global oil and LNG trade. The move follows a months-long blockade triggered by conflict, and despite a June 17 MoU that reopened the strait, attacks on vessels continue. The legal status of such tolls is disputed, with the US warning of 'total chaos'.
Logistics Strait of Hormuz traffic picks up again as supertankers return after attacks
The Strait of Hormuz is seeing a revival in traffic after a tense period of attacks and retaliatory strikes. Around 24 vessels passed through on Monday, including supertankers from Sinokor and Bahri, capable of carrying up to 9 million barrels of crude. The movement follows US strikes on Iran and a halt in hostilities ahead of peace talks.
Logistics Strait of Hormuz Crisis Tests Trust Between Shipmanagers, Owners and Crews, Says InterManager President
The crisis in the Strait of Hormuz is testing relationships between shipmanagers, owners, and crews. InterManager president Sebastian von Hardenberg writes that mental well-being and transparent communication are critical. The industry's response will affect seafarer recruitment and retention.
Logistics Strait of Hormuz traffic surges then halts after attack, evacuation paused
Ship traffic through the Strait of Hormuz surged to a three-month high on Wednesday after the US lifted sanctions on Iranian oil, but dropped sharply on Friday following an attack in the Gulf of Oman that halted an IMO evacuation operation for 11,000 stranded seafarers. The surge saw 73 vessels transit on Wednesday, but traffic fell by half after Iran warned ships to avoid the Omani coast. Major global carriers have not returned, and the IMO plans to reconfirm safety guarantees before resuming evacuations.
Logistics Evergreen Ship Hit at Hormuz Halts IMO Evacuation, Threatens Transit Resumption
Plans to restart commercial shipping through the Strait of Hormuz have been dealt a blow after an Evergreen containership was hit shortly after transiting the waterway, according to Splash247. The International Maritime Organization (IMO) has paused its evacuation operation for vessels trapped in the Gulf. The incident escalates security risks for ocean carriers and may force further route diversions and insurance cost increases.
Commodities Crude Oil Down 2% as Strait of Hormuz Resumes Shipments Despite Vessel Strike Near Oman
Crude oil prices fell 2% on Friday, headed for an 8% weekly loss, as more tankers exited the Strait of Hormuz following a ceasefire deal. Saudi Aramco resumed loading at Ras Tanura after a four-month halt. Despite a vessel hit near Oman and earthquakes in Venezuela, supply concerns eased with increased flows, while demand from China remained weak.
Commodities Crude Oil Dips to $75 as Tankers Resume Hormuz Transit After Ceasefire
Crude oil prices edged lower on Friday as more tankers moved through the Strait of Hormuz following a ceasefire, easing supply disruption concerns. Brent crude fell 0.41% to $74.95/barrel, while WTI slipped 0.44% to $71.60/barrel. Weekly losses are about 7% for both benchmarks, despite earlier gains from a cargo ship attack near Oman and Venezuela earthquake worries.
Logistics New Attack on Cargo Vessel in Strait of Hormuz Threatens Fragile Shipping Resumption
A cargo vessel in the Strait of Hormuz was struck by an unknown projectile, damaging the bridge. The UK Maritime Trade Operations reported no casualties or environmental impact. In response, the International Maritime Organization suspended its support for vessel movements, and Iran's Navy announced restrictions on unauthorised routes, threatening the fragile resumption of global shipping through the waterway.
Commodities Strait of Hormuz Reopens: Middle East Oil Exports to Climb to 4-Month High
The Strait of Hormuz is recovering after over 100 days of disruption, with Middle Eastern fuel oil exports expected to reach 2.4 million metric tons in June, a 20% increase from May. Exports are driven by supply diversions from Iraq and Saudi Arabia, though volumes remain below pre-war averages. Uncertainty over the US-Iran peace deal durability keeps shipping cautious.
Logistics Hormuz Hotline Opens Between US and Iran but Strait Remains Closed to Shipping
Qatar and Pakistan announced a direct US-Iran communication channel for the Strait of Hormuz following talks in Switzerland, but Iran's Fars News Agency reported the strait remains closed. HSBC cautioned shipping normalisation will lag, while BRS described the situation as a false start after a brief rise in traffic.
Trade Washington and Tehran Issue Conflicting Messages on Strait of Hormuz Transits
The United States and Iran issued contradictory statements over the weekend on the status of the Strait of Hormuz. US Central Command reported 55 merchant ships transited on Saturday, while Iran maintained the waterway was closed. Vessel-tracking data from Kpler showed only five ships passed on Sunday, down from 26 a day earlier, deepening confusion for shippers.
Logistics Four fertiliser ships clear Strait of Hormuz; head to Indian ports
Four cargo vessels carrying urea, DAP and sulphur have successfully navigated the Strait of Hormuz amid West Asia tensions and are heading to Indian ports (Krishnapatnam, Kakinada, Paradeep, Mundra). The Ministry of Chemicals and Fertilisers reported that cumulative fertiliser stocks as of June 22 stood at 196.08 lakh tonne, up from 168.67 lakh tonne a year ago, with domestic production reaching 133.12 lakh tonne and imports at 43.69 lakh tonne since March 1.
Commodities As Strait of Hormuz blockade continues, India pivots to US for record LPG and LNG imports in June
India's LPG and LNG imports from the US hit record levels in May 2026 as the Strait of Hormuz blockade disrupts Gulf flows. Provisional June data shows continued reliance on US supply, with LPG imports up 52% year-on-year and LNG up 46%. Analysts expect a gradual reopening from early July, with LPG flows normalizing first.
Logistics Nearly 12 Ships Carrying Fertiliser Cross Strait of Hormuz Amid Iran Conflict Disruption
Nearly 12 ships carrying fertiliser have crossed the Strait of Hormuz, according to an Economic Times report, marking a partial resumption of shipping after US and Israeli strikes on Iran from February 28 disrupted the critical waterway. The vessels, including urea, DAP, ammonia, and sulphur carriers bound for India, had been stranded since the closure, which also choked LNG supplies and slowed domestic urea production. Global ammonia and sulphur prices hit multi-month highs, and a full normalisation could take months.
Logistics Three Indian-Flagged Oil Tankers Cross Strait of Hormuz, Head Home with 94 Crew
Three Indian-flagged crude oil tankers — Desh Vaibhav, Desh Vibhor, and Sanmar Herald — successfully crossed the Strait of Hormuz on June 20, carrying over 8.6 lakh metric tonnes of cargo and 94 Indian crew members, according to Union Minister Sarbananda Sonowal. The transit follows the US lifting its blockade on Iran under a tentative truce. The vessels are scheduled to arrive at Vadinar, Sikka, and Paradip ports between June 24 and July 1. Commercial shipping traffic through the strait increased, with 55 vessels and 17 million barrels of oil moving on June 20, per US Central Command.
Commodities Strait of Hormuz Reopens but Gas Prices Unlikely to Recover Soon, Experts Warn
President Trump signed an MOU with Iran reopening the Strait of Hormuz, but experts warn that US gas prices, which have jumped over 35% since late February, will not recover soon. The strait remains mined, shipping is risky, and oil production infrastructure needs time to restart.
Logistics Strait of Hormuz reopening in phases from July, LPG to get priority for India imports
The Strait of Hormuz is expected to reopen in phases starting July, with priority given to LPG shipments given India's heavy dependence. Kpler's Sumit Ritolia outlines a three-phase recovery, with LPG imports likely to lead due to severe disruption, followed by LNG and crude. Crude imports remained resilient through bypass routes and alternative supplies.
Commodities Indian refiners in no hurry to return to West Asian oil as Hormuz reopens despite ceasefire
Indian state-run refiners have enough crude for two months and are in no rush to resume West Asian purchases despite the Strait of Hormuz reopening after a US-Iran interim peace deal. They are weighing cheaper Russian crude and higher freight costs, with long-term supply commitments yet to be confirmed.
Logistics Strait of Hormuz Reopening Clouded by Diplomatic Cracks and Mine Risks, BIMCO Warns
The Strait of Hormuz recorded 17 transits on Thursday and two more early Friday, tentative signs of reopening after nearly four months. However, diplomatic cracks between the US and Iran over the ceasefire MOU and continued mine risks are prompting BIMCO to warn shipowners to wait for safe passage guarantees.
Commodities Trump Lets Sanctions Waiver on Russian Crude Expire as US-Iran Peace Deal Progresses
The Trump administration allowed the sanctions waiver on Russian crude oil to expire as the US and Iran signed a peace deal memorandum. The waiver had enabled India to import discounted Russian oil. With the Strait of Hormuz expected to normalize, India may pivot to Middle Eastern, Iranian, and Venezuelan crude.
Logistics Qatar LNG Tanker Sails for Hormuz as US-Iran Deal Reopens Critical Waterway
A QatarEnergy-chartered LNG tanker, the Mraikh, is sailing towards the Strait of Hormuz after a US-Iran interim agreement reopened the waterway, marking the first such movement in months. The vessel is expected to dock at Pakistan's Port Qasim, potentially easing the country's gas shortage. Qatar aims to restore most of its LNG export capacity within two months, but vessel availability remains a constraint.
Logistics Strait of Hormuz Reopens Under US-Iran Deal, Future Transit Fees Uncertain for Shippers
The Strait of Hormuz reopens following a US-Iran interim agreement, with a 60-day toll-free passage period. However, Iranian officials warn that future transit fees will be imposed, creating uncertainty for global shipping costs and timelines.
Commodities Strait of Hormuz oil flows may recover to only 70% after war: Goldman Sachs
Goldman Sachs analysts predict that oil flows through the Strait of Hormuz may recover to only about 70% of pre-war levels, even after the US-Iran deal reopens the waterway. Regional producers like Saudi Arabia, UAE, and Iraq have increased reliance on alternative pipelines, and the UAE is pursuing a plan to eliminate Hormuz dependency entirely.
Commodities Crude Prices Tumble as US-Iran Deal Reopens Strait of Hormuz After Over 100 Days
Oil prices fell sharply on Thursday after the United States and Iran signed an interim agreement to end the conflict and reopen the Strait of Hormuz. WTI crude dropped 0.90% to $76.10, while Brent fell 0.87% to $78.86. The deal includes a 14-point memorandum, toll-free passage, and a 60-day negotiation period, but leaves key issues unresolved.
Commodities It Takes Time to Restart Plants: Hormuz Reopening May Not Ease Fertiliser Woes Anytime Soon
Industry executives warn that fertiliser availability and prices may take three to four months to normalise despite the anticipated reopening of the Strait of Hormuz under a tentative US-Iran peace deal. Ammonia prices could stabilise within 1-2 months, but sulphur prices remain elevated at $815-$1,200/tonne and may rise further before easing towards December. Shipping disruptions and plant restarts will delay supply recovery.
Logistics Fleets Reposition for Hormuz Reopening Ahead of US-Iran Peace Deal Signing
Tanker and LNG operators are repositioning vessels toward the Gulf ahead of a planned US-Iran peace agreement signing in Geneva. Vessel tracking shows over 75 tankers heading to the Middle East, and Iranian crude exports have resumed for the first time in two months. However, military authorities warn that security risks remain substantial, and Israeli involvement could derail the deal.
Trade Trump Says US Can ‘Soon’ Reimpose Russian Oil Sanctions After Strait of Hormuz Reopens
US President Donald Trump announced the US will soon reimpose sanctions on Russian oil shipments after crude flows resumed through the Strait of Hormuz following a deal with Iran. The remarks came at the G7 summit in France, where leaders discussed increasing pressure on Moscow over the Ukraine war.
Logistics US military runs secret ship-to-ship oil transfer operation near Strait of Hormuz to keep Gulf energy exports flowing
The US military has conducted scores of secretive ship-to-ship oil transfers off the coast of Fujairah, UAE, and Sohar, Oman, to keep Gulf energy exports flowing amid Iran's closure of the Strait of Hormuz. The operation, involving at least 116 ships and using aerial and water drones as well as helicopters, started in early May. An Apache helicopter involved in the mission was shot down by Iran on June 9, triggering retaliatory bombings.
Logistics Strait of Hormuz Reopening: Mine Clearance Delays Threaten Weeks-Long Recovery for Oil Shipping
The US-Iran tentative agreement ends the three-month Middle East conflict, but the Strait of Hormuz faces a slow recovery due to mine clearance and shipping bottlenecks. Over 20% of global oil supply was disrupted, with 500 vessels stranded. Shipping resumes gradually, with analysts warning of weeks to months for normal flows.
Commodities US-Iran Peace Deal Could Push Brent Below $80 per Barrel, Boosting India's Crude Oil Supplies
A potential US-Iran peace deal, including the reopening of the Strait of Hormuz, could push Brent crude below $80 per barrel within two to three weeks, according to Indian refinery executives. The Gulf region supplied 40% of India's crude imports before the conflict, and resumed flows would ease supply constraints and lower freight costs. Additional OPEC+ output and the return of Iranian crude are also expected to pressure prices lower.
Logistics Hormuz Threat Level Stays Severe Despite Peace Breakthrough as Explosions and Uncertainty Persist
The Strait of Hormuz remains at a severe threat level despite a diplomatic breakthrough, with explosions reported, vessels requiring military protection, and uncertainty lingering. Over 500 vessels are stranded, facing biofouling issues that could increase fuel consumption by 15-30%. Shipbroker BRS warns it may take four to five months for traffic to normalize even if a deal is signed.
Commodities ‘Let the oil flow’: What Trump’s possible peace deal with Iran, Strait of Hormuz opening mean for India
US President Donald Trump announced an imminent peace deal with Iran and the reopening of the Strait of Hormuz, causing crude oil prices to fall from peaks of $120 to below $85 per barrel. For India, which imports nearly 90% of its oil, this could ease pressure on the rupee, current account deficit, and retail fuel prices, though impacts may take time to materialize.
Logistics 12 ships carrying 6 lt of urea and DAP may head to India once Strait of Hormuz opens
The Indian government announced sufficient fertilizer stocks for the kharif season, with 196.65 lakh tonnes available as of June 14. Twelve ships carrying 3.3 lt of urea and 2.57 lt of di-ammonium phosphate (DAP) are awaiting passage through the Strait of Hormuz, expected to take 7-10 days to reach India once reopened.
Commodities U.S.-Iran Peace Deal Reopens Strait of Hormuz, Unleashing Global Oil Supply
The United States and Iran have reached a peace deal to end the war and lift restrictions on the Strait of Hormuz, through which 20% of the world's crude oil flows. The agreement suspends sanctions on Iranian oil, releases $24 billion in frozen assets, and provides a 60-day period to negotiate a permanent settlement. The U.S. will lift its blockade within 30 days, but analysts caution it will take two to three months for shipping to fully normalize due to mines and supply chain bottlenecks.
Commodities Oil prices fall as Trump cancels planned strikes on Iran, easing Strait of Hormuz fears
Oil prices fell on Friday after US President Donald Trump cancelled planned strikes on Iran, reducing fears of an escalation of hostilities. Brent crude dropped $1.21 to $89.17 a barrel, while WTI fell $1.23 to $86.48. The move follows Iran's announcement of the closure of the Strait of Hormuz, though the US military said commercial ships continued to transit the waterway.
Commodities Oil Supply Recovery May Take Months Despite Strait of Hormuz Reopening, Experts Say
Despite the agreement to reopen the Strait of Hormuz, oil supply recovery is expected to take months due to stranded tankers, shut-in production, and security concerns. Experts from S&P Global, Wood Mackenzie, and Columbia University highlight slow logistics, insurance hurdles, and the need for a durable ceasefire before producers restart operations.