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Iran war

Shipping, energy & markets

Hormuz and Red Sea shipping, oil and gas, aviation, and market moves.

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Monday, July 13, 20263 entries

  1. 2:41 AM in Dubai, Jul 14

    Iranian cruise missiles hit two UAE tankers near Hormuz, killing an Indian sailor

    The UAE's defence ministry said Iranian cruise missiles targeted two of its oil tankers in Omani waters in the Strait of Hormuz, killing an Indian crew member aboard the tanker Mombasa and wounding eight people; ADNOC said two of its tankers were hit. The IRGC said it attacked two supertankers crossing with their transponders off.

    Why it matters It was the first sailor killed in the renewed fighting, and the GCC, Kuwait and Qatar condemned the attack.

    Sources: CNBC, Al Jazeera, Al Jazeera live blog

  2. 10:33 AM in New York

    Trump reinstates the naval blockade of Iran and floats, then drops, a 20% Hormuz fee

    Trump posted that the U.S. was 'reinstating' the blockade of Iran and, as 'THE GUARDIAN OF THE HORMUZ STRAIT', would be reimbursed 20% on all cargo shipped. The U.S.-led maritime centre said enforcement on all Iranian ports and coastal areas would begin at 20:00 GMT on July 14 while neutral transit continued; the next day Trump dropped the fee in favour of 'trade and investment' deals with Gulf states.

    Why it matters The blockade lifted under the memorandum on June 18 was back in force, and the fee idea drew objections from shippers and governments before Trump abandoned it.

    Sources: NPR, CNBC, Al Jazeera live blog, Al Jazeera live blog (2), Al Jazeera live blog (3), Al Jazeera live blog (4), Al Jazeera live blog (5), Al Jazeera live blog (6)

  3. 10:45 AM in Dubai

    Hormuz traffic falls to its lowest in five weeks as fighting resumes

    Six ships crossed the Strait of Hormuz on Sunday, July 12, the lowest in five weeks, according to Kpler data, including the tanker Humanity carrying 2 million barrels of Iranian oil; traffic slowed to a two-month low the following day. The U.S. Energy Department told CNBC that 8.5 million barrels of oil still transited on Sunday.

    Why it matters The traffic recovery that followed the memorandum had reversed within a week of the fighting resuming.

    Sources: CNBC, Al Jazeera live blog, Al Jazeera live blog (2)

Saturday, July 11, 20261 entry

  1. 2:00 AM in Tehran, Jul 12

    IRGC declares Hormuz closed after firing on a ship; crew of the GFS Galaxy abandon ship

    The IRGC Navy said the Strait of Hormuz was closed 'until further notice' and until U.S. interference ends, saying a vessel that switched off its systems on an 'illegal route' was stopped with warning shots; Fars said a cruise missile was used. CENTCOM said the IRGC attacked the Cyprus-flagged container ship GFS Galaxy, which caught fire east of Oman and could not continue, and UKMTO said its crew abandoned ship; one crew member was missing.

    Why it matters An analyst told Al Jazeera the ship appeared to be using the U.S.-guided route along Oman's coast, and CENTCOM launched a third round of strikes on Iran within hours.

    Sources: Al Jazeera, The Times of Israel, CNN, The Jerusalem Post, Al Jazeera live blog, Al Jazeera live blog (2), Al Jazeera live blog (3), Al Jazeera live blog (4)

Thursday, July 9, 20261 entry

  1. 12:41 AM in London, Jul 10

    UN shipping agency document says countries must reject Iran's bid to control Hormuz

    A document from the International Maritime Organization said countries must reject Iranian efforts to control the Strait of Hormuz, The Times of Israel reported. The UAE and allied states had submitted a joint proposal on Hormuz to the IMO Council's 187th session, which Iran had called politically motivated and urged the council not to adopt.

    Why it matters Iran's strait authority was requiring ships to obtain its permits and planned fees after the 60-day talks; on July 13 the IMO said there is 'no legal basis' for mandatory tolls to transit an international strait.

    Sources: The Times of Israel, Al Jazeera live blog, Middle East Eye live blog

Wednesday, July 8, 20261 entry

  1. 5:00 AM in New York

    Oil jumps 6% as Trump declares the deal over, then holds near $77

    Brent rose 6% to about $78 a barrel after Trump said the deal with Iran was over, up from $71.80 at the end of the previous week. On July 9 it eased 0.7% to $77.45, and it ended the week at about $76, while the average U.S. gasoline price rose 5 cents overnight to $3.85, according to AAA.

    Why it matters The jump ended a steady fall in fuel prices that had followed the memorandum; Brent had dropped below its pre-war level two weeks earlier.

    Sources: Associated Press markets, Associated Press fuel prices, CNBC, Al Jazeera, Al Jazeera live blog, The Guardian live blog, CNN live updates

Monday, July 6, 20261 entry

  1. 4:30 AM in Muscat, Jul 7

    Three tankers, including Qatari LNG carrier Al Rekayyat, are hit near Hormuz within a day

    UKMTO reported three tankers hit by projectiles on July 6-7, starting with the Qatari LNG carrier Al Rekayyat, which caught fire after being struck 8 nautical miles east of Oman's Limah; another was hit by a drone, and Saudi Arabia said a Saudi tanker was targeted. No injuries were reported; U.S. officials blamed Iran, while Iranian state TV said the LNG tanker was attacked after ignoring warnings without directly claiming it.

    Why it matters Qatar held Iran 'fully legally responsible' and summoned its envoy, the U.S.-led maritime centre raised the Hormuz threat level to 'severe', and the U.S. revoked Iran's oil licence and resumed strikes that evening.

    Sources: Axios, NPR, Al Jazeera live blog, Al Jazeera live blog (2), Al Jazeera live blog (3), Al Jazeera live blog (4), Al Jazeera live blog (5)

Thursday, July 2, 20261 entry

  1. 8:45 PM in Tehran

    Iran warns ships to use its Hormuz routes or face a 'forceful response'

    Iran's Khatam al-Anbiya military command said any failure to comply with Iran's navigation protocols or deviation from its designated routes through the Strait of Hormuz 'will be met with an immediate and forceful response', after Iranian state TV said a ship ran aground using a route Iran had not approved.

    Why it matters Ships were still using Oman's alternative corridor, and five days later Iranian media said a tanker was attacked for trying the U.S.-backed route.

    Sources: CNN, Al Jazeera live blog

Tuesday, June 30, 20261 entry

  1. 12:00 PM in Zurich

    UNCTAD report says Hormuz disruption will outlast any reopening for vulnerable economies

    The UN Conference on Trade and Development published 'Strait of Hormuz Disruptions: Beyond reopening, lasting impacts on vulnerable economies', assessing the damage to import-dependent developing countries from the closure of the strait.

    Why it matters It argued that reopening the strait would not by itself undo the harm to poorer importers, which had no alternative supply routes.

    Source: International Maritime Organization

Saturday, June 27, 20261 entry

  1. 12:00 PM in Dubai

    Drone hits laden tanker Kiku near Hormuz a day after U.S. strikes

    CENTCOM said an Iranian one-way attack drone hit the Panama-flagged tanker Kiku at 4:30 a.m. ET (08:00 GMT) as it transited near the Strait of Hormuz carrying more than 2 million barrels of crude; no crew were hurt and no leak was reported.

    Why it matters CENTCOM said Iran had been 'given a chance to honor the ceasefire agreement' after the first U.S. strikes and chose not to, and it launched a second night of strikes that evening.

    Sources: CNBC, Al Jazeera, Al Jazeera live blog

Thursday, June 25, 20262 entries

  1. 10:15 PM in Muscat

    Drone hits container ship Ever Lovely off Oman, and the UN pauses Hormuz evacuations

    The Evergreen container ship Ever Lovely was hit on the starboard side of its bridge 3.6 nautical miles off Oman's Khawr Naiwah after passing through Hormuz; its crew was unharmed and it continued. IMO Secretary-General Arsenio Dominguez paused the UN plan to evacuate about 11,000 seafarers stranded in the Gulf, and Trump said the next day that Iran had launched four drones at ships, one of which hit.

    Why it matters It was the first attack on shipping blamed on Iran since the memorandum took effect, and it led to the first U.S. strikes on Iran under the deal.

    Sources: CNN, gCaptain, Al Jazeera live blog, Al Jazeera live blog (2), Al Jazeera live blog (3), The Guardian

  2. 11:41 AM in New York

    Brent falls below its pre-war price as tanker traffic through Hormuz picks up

    Brent crude fell to a low of $72.24 a barrel, slightly below its level the day before the war began on February 28 and down more than 20% in June, as vessel traffic through the strait doubled in 24 hours to its highest since late February. Prices rose about 2% later in the day after a ship was hit off Oman.

    Why it matters The whole war premium in oil had been erased eight days after the memorandum was signed, which is why the attacks on shipping that week moved prices again.

    Sources: The Guardian, Al Jazeera live blog

Wednesday, June 24, 20261 entry

  1. 11:50 AM in Muscat

    Oman opens an IMO-backed Hormuz transit corridor, and the IRGC warns ships off it

    Oman's Maritime Security Centre said it was providing a temporary transit corridor through the strait in coordination with the International Maritime Organization, in line with toll-free navigation, as a UN plan to evacuate about 11,000 stranded seafarers began. The IRGC Navy said only Iran-designated routes were authorised and that ships using the new lane would be in danger.

    Why it matters It split the strait's two coastal states: Oman backed the toll-free passage sought by Washington and the Gulf, while Iran insisted traffic run on its routes under its authority.

    Sources: Al Jazeera live blog, Al Jazeera live blog (2), The Guardian

Saturday, June 20, 20261 entry

  1. 4:52 PM in Tehran

    Iran declares Hormuz closed over Israel's Lebanon strikes; CENTCOM says 55 ships crossed

    Iran's Khatam al-Anbiya central headquarters said the Strait of Hormuz was closed to vessel traffic as a 'first step' in response to Israel's attacks in Lebanon, which it called a breach of the U.S.-Iran agreement, and the IRGC Navy warned ships not to approach. CENTCOM said 55 merchant ships carrying more than 17 million barrels of oil transited that day and that Iran does not control the strait.

    Why it matters It was the first time Iran used Hormuz as leverage after signing the memorandum, tying the strait directly to Israel's conduct in Lebanon.

    Sources: U.S. Central Command, Associated Press, Al Jazeera live blog, Al Jazeera live blog (2), Al Jazeera live blog (3), Al Jazeera live blog (4)

Thursday, June 18, 20262 entries

  1. 9:10 PM in Tehran

    Iran says ships need its permits to cross Hormuz and fees will follow the 60-day talks

    Iran's Supreme National Security Council ordered the Persian Gulf Strait Authority to process transit permits quickly to meet the memorandum's goals and said no fees would be charged for 60 days; Tehran said fees to cover the cost of managing the waterway would come into effect at the end of the negotiation period.

    Why it matters Washington, the Gulf states and Europe insisted on toll-free passage, so Iran's permit system and planned fees set up the main dispute of the following weeks.

    Sources: The Guardian, Al Jazeera live blog

  2. 1:30 PM in New York

    CENTCOM lifts the U.S. naval blockade of Iranian ports

    CENTCOM said U.S. forces had lifted the blockade on all maritime traffic entering and leaving Iranian ports and coastal areas 'in accordance with the President's direction', while U.S. warships stay in the region to ensure the agreement is adhered to. Vance said the 60-day negotiating period began that day and that 12.5 million barrels of oil had passed through Hormuz since the signing.

    Why it matters Lifting the blockade, imposed in April, was Washington's main first-stage obligation under the memorandum.

    Sources: Al Jazeera live blog, Al Jazeera live blog (2), Al Jazeera live blog (3)

Monday, June 15, 20261 entry

  1. 4:00 PM in New York

    Oil falls to a three-month low and the Dow closes at a record on the Iran deal

    Brent crude fell about 4% to around $83 a barrel on Monday, touching just over $82, its lowest since March 10, as markets bet the Strait of Hormuz would reopen; European wholesale gas fell 6% and the Dow closed at a record high.

    Why it matters Brent had traded near $93 four days earlier; analysts told The Guardian that oil and gas supplies were still unlikely to return to pre-war levels for months even if the strait reopened.

    Sources: NBC News, The Guardian, Al Jazeera live blog

Friday, June 12, 20264 entries

  1. 5:31 AM in Dubai, Jun 13

    CENTCOM says it downed all Iranian drones launched at ships in Hormuz

    CENTCOM said Iran launched multiple one-way attack drones at commercial ships transiting the Strait of Hormuz and that U.S. forces 'downed all of them in recent hours', adding that traffic continued unimpeded and 'the international trade corridor remains open for transit'.

    Why it matters It was the second night of Iranian drone launches at ships while both governments said a deal was close, and Trump had warned Iran that morning to 'get their act together, and FAST'.

    Sources: U.S. Central Command on X, The Guardian live / Reuters, Anadolu Agency, Times of Israel / AFP, Indian Express live, The Guardian live blog

  2. 2:30 AM in Muscat, Jun 13

    UKMTO says a tanker was hit by an unknown projectile six miles off Oman

    UKMTO said a tanker was struck in the port bow by an unknown projectile about 6 nautical miles east of Oman at 22:30 UTC; the crew was safe, there was no environmental impact and the tanker continued to its next port.

    Why it matters It happened the same night CENTCOM said it downed all the Iranian drones launched at ships in Hormuz, and the source of the projectile was not identified.

    Sources: UKMTO warning PDF, Al Jazeera live blog

  3. 4:38 PM in Hong Kong

    Oil falls to its lowest since the war's first week on hopes of a U.S.-Iran deal

    Brent, near $93 before Trump called off the strikes, briefly fell below $85 a barrel on Friday and ended about 3% lower at around $87.50, its lowest since the first week of the war, while U.S. stocks extended their rally.

    Why it matters Analysts said headlines rather than ship movements were driving prices, since Hormuz had not reopened.

    Sources: Associated Press markets report, The Guardian live, The Guardian, Associated Press, CBS News live, The Guardian live blog, The Guardian live blog (2)

  4. 11:00 AM in Dubai

    Data suggest dark tanker runs move about 1.9m barrels a day out of Hormuz

    A Guardian analysis of Trump's claim of a 'secret mission' found that shuttle tankers running with transponders off and ship-to-ship transfers may have moved about 1.9 million barrels a day through the strait since April, according to Kpler, against 15.6 million a day before the war; Lloyd's List said U.S. 'overwatch operations' were helping some of these transits along the Omani coast.

    Why it matters Trump's figure of 100 million barrels could not be fully checked but was broadly consistent with the flows Kpler observed, equal to about five days of normal traffic.

    Source: The Guardian Hormuz explainer

Thursday, June 11, 20268 entries

  1. 10:18 PM in New York

    U.S. forces shoot down two Iranian drones aimed at ships in Hormuz

    U.S. forces shot down two Iranian one-way attack drones as Tehran appeared to try to strike commercial ships transiting the Strait of Hormuz, a U.S. official told Reuters, adding that 'traffic flow through the strait continues'.

    Why it matters The next day Trump called it a 'totally rebuffed Drone attack last night against Indian Ships' and warned Iran to 'get their act together', hours after announcing a deal.

    Sources: The Guardian live coverage, The Guardian live blog

  2. 1:47 AM in Tehran, Jun 12

    Iran says its forces turned back a tanker trying to enter Hormuz

    Iranian media said the IRGC stopped a 'violating tanker' from entering the Strait of Hormuz without coordination and that it complied after warnings; a military source linked explosions heard off Sirik and near Bandar Abbas to the confrontation, though IRNA said no blasts occurred in Bandar Abbas. State TV had also reported an unexplained explosion at sea off Sirik that afternoon.

    Why it matters It came hours after Trump said Hormuz would open as soon as a deal was signed, showing Iran still enforcing its own transit rules.

    Sources: The Guardian live coverage, Times of Israel liveblog, Al Jazeera, Anadolu Agency, Times of Israel liveblog (2), Mehr News Agency, The Guardian live blog, The Guardian live blog (2), The Guardian live blog (3)

  3. 1:55 PM in New York

    Oil falls to two-month lows after Trump calls off Iran strikes

    Brent futures fell $3.37, or 3.6%, to $89.73 a barrel and U.S. WTI fell $3.20 to $86.83 after Trump cancelled the planned strikes, AP reported. In Asian trading WTI slid a further 1.9% to $86.08 and Brent 1.5% to $89.08, two-month lows, while South Korea's Kospi jumped more than 7%.

    Why it matters Prices were moving on Trump's announcements rather than on ship traffic: Brent had risen to about $94 that morning on his Kharg threat.

    Sources: The Guardian live coverage, The Guardian live blog, The Guardian live blog (2)

  4. 11:37 AM in New York

    World Bank cuts 2026 global growth forecast to 2.5% on Middle East war

    The World Bank cut its global growth forecast for 2026 to 2.5% from 2.9% growth in 2025, saying the Middle East conflict had triggered sharp energy price increases, renewed inflation and expectations of tighter monetary policy. It warned that developing economies face their weakest per-capita income growth since the pandemic.

    Why it matters The forecast puts a number on how far the Hormuz disruption has spread beyond the region, with poorer energy importers hit hardest.

    Sources: Associated Press, CBS News live coverage, World Bank Global Economic Prospects, The Guardian live blog

  5. 3:51 PM in Muscat

    U.S. disables tanker Jalveer off Oman, the third blockade strike in a week

    CENTCOM said a U.S. aircraft fired two Hellfire missiles into the engine room of the Guinea-Bissau-flagged tanker Jalveer after it tried to carry Iranian oil through the Gulf of Oman and its crew repeatedly ignored directions. India said all 20 Indian crew were safe after the ship sent a distress call off Oman's port of Shinas when fire broke out.

    Why it matters It was the third tanker with an Indian crew hit that week, after the Marivex and the Settebello, where three Indian seafarers were killed.

    Sources: U.S. Central Command, Anadolu Agency, The Guardian live coverage, Times of India, Economic Times, The Guardian live blog, The Guardian live blog (2)

  6. 1:47 PM in Muscat

    Iran says a U.S. projectile hit a Sirik cargo barge off Oman's Khasab

    The governor of Iran's Sirik county said a 150-ton locally owned cargo barge carrying essential goods from the Omani port of Khasab was hit by a U.S. projectile about 5 nautical miles off Khasab, and that all five crew were rescued by passing vessels and taken to Oman.

    Why it matters It was one of several incidents Iran cited as it declared Hormuz closed that morning; the U.S. did not confirm striking the barge.

    Sources: Arab News / Reuters / AFP, New Indian Express live coverage, The Guardian live blog

  7. 1:17 PM in Tehran

    Iran's strait authority says Hormuz is 'closed until further notice'

    Iran's Persian Gulf Strait Authority, set up on May 5 to oversee transit, said the strait was 'closed until further notice' because of U.S. aggression and told ships holding passes to await guidance. Iran's joint military command had announced a full closure the previous night, which CENTCOM rejected, saying commercial ships continued to transit.

    Why it matters The notice suspended even the passes Iran had been issuing, while Washington disputed that traffic had stopped at all.

    Sources: The Guardian live coverage, Associated Press, The Business Times / Reuters, Iran International / CENTCOM posts, The Guardian live blog

  8. 12:32 PM in Dubai

    Three more LNG tankers leave Hormuz with transponders off, tracking data show

    QatarEnergy-controlled Lebrethah and Rasheeda and ADNOC-managed Marigold reappeared on ship-tracking data on June 10 after leaving the Strait of Hormuz dark, with Lebrethah bound for Pakistan and Marigold for India, according to LSEG and Kpler data cited by Reuters. That brings LNG cargoes out of Hormuz since the war began in late February to 12.

    Why it matters Gulf gas is still getting out on dark voyages despite Iran's closure orders, the pattern Trump had described a day earlier as a U.S.-assisted 'secret mission'.

    Sources: Arab News / Reuters, Business Recorder / Reuters, Arab News Pakistan / Reuters

Wednesday, June 10, 20261 entry

  1. 2:21 AM in Tehran, Jun 11

    Iran's military command declares Hormuz closed to all ships; CENTCOM says traffic continues

    As U.S. strikes resumed, Iran's top joint military command said the Strait of Hormuz was closed to the passage of any vessel, including oil tankers, and that ships trying to pass would be targeted; Tasnim then said the IRGC Navy struck two 'violating ships'. CENTCOM said commercial ships were still transiting the strait and that no U.S. warships had been hit.

    Why it matters Iran's strait authority said the next day that Hormuz was closed 'until further notice'.

    Sources: ABC News live coverage, The Guardian live coverage, Al Jazeera live blog, Al Jazeera live blog (2), The Guardian live blog, The Guardian live blog (2), The Guardian live blog (3), The Guardian live blog (4)

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