HORMUZ TRACKER: Iran-Linked Ships Are the Only Ones to Transit

Traffic through the Strait of Hormuz remains near a standstill for a seventh day, with Iran-linked commercial vessels being the only ones making the crossing in the past 24 hours. During the observed window, one Iran-linked bulk carrier departed the Persian Gulf, according to vessel-tracking data. No ships appeared to make the journey in the […]

UAE and Kuwait Start Oil Output Cuts After Hormuz Blockage

The United Arab Emirates and Kuwait have begun reducing oil production as the near-closure of the crucial Strait of Hormuz creates ripple effects across global energy markets. This strategic waterway, which links the Persian Gulf to open seas, has seen maritime traffic severely restricted following threats to shipping. A major energy company in the UAE […]

Oil prices surge, cross $80 after US-Iran conflict engulfs Middle East, Strait of Hormuz

Oil prices experienced a sharp increase as markets opened for the first time following a significant escalation of conflict between the United States and Iran, a development that is now threatening critical energy infrastructure throughout the Middle East. The international benchmark, Brent crude, jumped by 13% to trade above $82 per barrel, a level not […]