infinitenewsno algorithms. no accounts. just news.
MenuClose

Iran war

Shipping, energy & markets

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

222 entries, newest first; showing 181–210. Show all updates

Filter or jump to a week

Thursday, March 19, 20261 entry

  1. 10:08 AM in Kuwait

    Drones set two Kuwaiti refineries ablaze and hit Saudi Arabia's SAMREF refinery at Yanbu

    ConfirmedShipping, energy & marketsBackgroundMina Al-Ahmadi, Kuwait

    Kuwait said a drone attack started a fire at the 730,000-barrel-a-day Mina Al-Ahmadi refinery, followed by a second blaze at the nearby Mina Abdullah refinery; no injuries were reported. Saudi Arabia's Defense Ministry said a drone hit the Aramco-ExxonMobil SAMREF refinery in the Red Sea port of Yanbu.

    Why it matters The Yanbu strike reached the Red Sea outlet Saudi Arabia has been using to export crude around the closed Strait of Hormuz, not just Gulf-coast facilities.

    Sources: Associated Press, Associated Press (2), Associated Press (3), Associated Press (4), The Times of Israel

Wednesday, March 18, 20265 entries

  1. 5:06 AM in Qatar, Mar 19

    QatarEnergy says new Iranian missile strikes damaged more LNG sites at Ras Laffan

    OfficialShipping, energy & marketsBackgroundRas Laffan, Qatar

    QatarEnergy said further Iranian missile attacks early Thursday caused "sizable fires and extensive further damage" at several liquefied natural gas facilities, after Wednesday's strike on Ras Laffan had already extensively damaged the Pearl GTL plant. No casualties were initially reported.

    Why it matters Qatar normally supplies about a fifth of the world's LNG, so physical damage rather than a temporary shut-in threatens to keep supply off the market long after the fighting stops.

    Sources: Associated Press, Associated Press (2), CBS News

  2. 4:50 AM in Dubai, Mar 19

    UAE shuts Habshan gas plant and Bab field after overnight Iranian attacks

    OfficialShipping, energy & marketsBackgroundHabshan, United Arab Emirates

    Abu Dhabi shut down operations at the Habshan gas facility and the Bab field after interceptions over the sites and called Iran's attacks on them a "dangerous escalation." Saudi Arabia, which also reported downing drones aimed at its gas facilities, said after a Gulf ministers' meeting in Riyadh that "what little trust there was before has completely been shattered."

    Why it matters Iran's retaliation for Israel's strike on South Pars widened overnight from Qatar to UAE gas production, and Saudi Arabia's language marked a sharp break in Riyadh's dealings with Tehran.

    Sources: Associated Press, Associated Press (2), Associated Press (3)

  3. 9:59 PM in Qatar

    Iranian missile hits Qatar's Ras Laffan LNG hub, causing extensive damage

    ConfirmedShipping, energy & marketsBackgroundRas Laffan Industrial City, Qatar

    Qatar said Iran fired five ballistic missiles and one got through, striking Ras Laffan Industrial City, the world's largest LNG export facility, and starting fires that QatarEnergy said caused extensive damage; no casualties were reported. QatarEnergy said early Thursday that several other LNG facilities had also been attacked.

    Why it matters About a fifth of the world's LNG supply moves through Ras Laffan; the Revolutionary Guards said they had begun hitting regional energy infrastructure over South Pars, and Abu Dhabi suspended its Habshan gas plant after interception debris fell.

    Sources: Al Jazeera, Associated Press, CBS News, CBS News (2), CBS News (3)

  4. 10:17 AM in New York

    Trump issues 60-day Jones Act waiver to ease fuel shipping during the war

    OfficialShipping, energy & marketsBackgroundWashington, United States

    White House press secretary Karoline Leavitt said the waiver lets oil, natural gas, fertilizer and coal move between U.S. ports on foreign ships for 60 days to mitigate short-term oil market disruptions from Operation Epic Fury.

    Why it matters The Center for American Progress estimated a waiver would cut gasoline prices by only about three cents a gallon, underscoring the limits of U.S. tools against the Gulf supply shock.

    Sources: CBS News, Associated Press

  5. 2:57 PM in Tehran

    Israel strikes Iran's South Pars gas facilities at Asaluyeh, forcing four phases offline

    ConfirmedShipping, energy & marketsBackgroundAsaluyeh, Bushehr province, Iran

    Iranian state media said facilities linked to the offshore South Pars field at Asaluyeh were attacked, and state TV said Phases 3 to 6 were shut to stop a spreading fire. A person familiar with the matter told AP the U.S. knew of Israel's plan but did not take part; Qatar, which shares the reservoir, called the strike 'dangerous and irresponsible.'

    Why it matters South Pars is part of the world's largest gas reservoir, shared with Qatar's North Field, and the attack prompted Iran to warn within hours that it would hit Gulf oil and gas sites.

    Sources: Associated Press, CBS News (AP), CBS News, Associated Press (2)

Tuesday, March 17, 20262 entries

  1. 6:30 AM in Baghdad, Mar 18

    Iraq restarts Kirkuk oil exports via Turkey's Ceyhan at 250,000 barrels a day

    ConfirmedShipping, energy & marketsBackgroundKirkuk, Iraq

    Iraq's North Oil Company said it began pumping Kirkuk crude to the Turkish port of Ceyhan at an initial 250,000 barrels a day after a deal with the Kurdistan regional government, whose natural resources ministry said the Sarlo pumping station started at 6:30 a.m. Before the war Iraq shipped about 3.5 million barrels a day from Basra through Hormuz.

    Why it matters The pipeline replaces only a fraction of Iraq's lost Gulf exports, and with oil about 90% of budget revenue, Baghdad was also negotiating with Tehran for passage of its tankers through Hormuz.

    Sources: CBS News (AFP), Associated Press, Associated Press (2)

  2. 11:45 AM in New York

    U.S. diesel tops $5 a gallon for the first time since 2022 as the war squeezes supply

    ConfirmedShipping, energy & marketsBackgroundUnited States

    AAA data showed U.S. diesel averaging $5.04 a gallon, up from $4.78 a week earlier and $3.65 a month before, the highest since December 2022. Regular gasoline averaged $3.79 later Tuesday, up from $2.98 before the war and the highest since October 2023.

    Why it matters Diesel drives freight and farm costs, carrying the Gulf supply shock into U.S. prices; the next day Trump waived the Jones Act for 60 days to ease fuel shipping.

    Sources: CBS News, CBS News (AP)

Monday, March 16, 20261 entry

  1. 11:52 AM in Dubai

    Drone attack starts major fire at UAE's Fujairah Oil Industry Zone

    OfficialShipping, energy & marketsBackgroundFujairah, United Arab Emirates

    Fujairah's media office said a drone targeted the Fujairah Oil Industry Zone, causing an 'advanced' fire with no casualties reported. It followed a Saturday blaze in the same oil zone sparked by debris from a drone interception, and WAM reported another tank-farm fire there early Tuesday.

    Why it matters Fujairah sits just outside the Strait of Hormuz, and CBS reported that the attacks were hobbling UAE oil operations while Brent stayed above $100.

    Sources: Associated Press, CBS News, Associated Press (2), Associated Press (3), CBS News (2)

Sunday, March 15, 20263 entries

  1. 4:15 AM in Dubai, Mar 16

    Drone hits fuel tank at Dubai International Airport, briefly halting flights

    ConfirmedShipping, energy & marketsBackgroundDubai International Airport, Dubai, United Arab Emirates

    The Dubai Media Office said a drone struck a fuel tank at Dubai International Airport early Monday, starting a fire that civil defense crews contained with no injuries reported. Flights were suspended as a precaution and later partially resumed.

    Why it matters The strike hit one of the world's busiest international airports as Iranian officials accused the UAE of letting its territory be used for attacks on Iran, a charge Emirati officials rejected.

    Sources: Associated Press, Associated Press (2), CBS News, Associated Press (3)

  2. 5:27 PM in Chicago

    U.S. crude tops $100 a barrel as trading reopens, with Brent above $106

    ConfirmedShipping, energy & marketsBackgroundChicago, United States

    West Texas Intermediate traded at about $101.02 shortly after the Chicago Mercantile Exchange reopened Sunday evening, up 2.3% from Friday's close, while Brent was at $106.39. Both benchmarks were up more than 40% since the war began.

    Why it matters Prices eased the next day, with WTI settling at $93.50 after topping $102, showing how sharply markets were swinging on each Hormuz headline.

    Sources: Associated Press, Associated Press (2), Associated Press (3)

  3. 6:43 PM in Dubai

    Tanker Karachi becomes first non-Iranian cargo to cross Hormuz with tracking on

    ReportedShipping, energy & marketsBackgroundStrait of Hormuz

    MarineTraffic said the Aframax tanker Karachi, carrying Abu Dhabi's Das crude, crossed the strait with its AIS transponder broadcasting, the first non-Iranian cargo to do so since the war began. It said the ship entered Iran's exclusive economic zone at 11:33 UTC and crossed at 14:43 UTC, suggesting select shipments may be getting negotiated safe passage.

    Why it matters The transit pointed to case-by-case passage deals, which Araghchi said the same day Iran was open to for countries seeking safe passage for their vessels.

    Sources: CBS News, Associated Press, Associated Press (2)

Saturday, March 14, 20261 entry

  1. 3:10 PM in Dubai

    Two Indian-flagged LPG tankers cross Hormuz after Iran lets some Indian ships pass

    ConfirmedShipping, energy & marketsBackgroundStrait of Hormuz

    India's Foreign Ministry said the gas carriers Shivalik and Nanda Devi had passed through the strait, after Iran's ambassador to India said some Indian vessels were being allowed through. Reuters, cited by CBS, reported 22 Indian-flagged gas carriers were making the passage.

    Why it matters It was an early sign of a selective passage regime: Foreign Minister Abbas Araghchi said the same day the strait was closed only to ships of Iran's enemies and their allies.

    Sources: CBS News, Associated Press, Associated Press (2)

Wednesday, March 11, 20263 entries

  1. 5:14 AM in Baghdad, Mar 12

    Attacks on two tankers off Basra kill a sailor; Iraq halts all its oil terminals

    ConfirmedShipping, energy & marketsBackgroundBasra, Iraq

    Two tankers, the U.S.-owned, Marshall Islands-flagged Safesea Vishnu and the Maltese-flagged Zefyros, were attacked and caught fire near Basra, killing an Indian sailor; Iraq's ports authority said 38 crew were rescued and halted operations at all of the country's oil terminals while commercial ports stayed open.

    Why it matters The attacks came inside Iraqi waters at the head of the Gulf, far from the strait itself, and helped push Brent back above $100 despite the record reserve release.

    Sources: Associated Press, Associated Press (2), Associated Press (3), CBS News (AP/AFP), CBS News (AFP)

  2. 1:33 AM in Muscat, Mar 12

    Fuel storage tanks burn at Oman's Port of Salalah amid Iranian attacks

    ReportedShipping, energy & marketsBackgroundSalalah, Oman

    Fire crews battled a blaze at fuel storage tanks at Oman's Port of Salalah, the Oman News Agency said, with videos showing thick black smoke and large flames. Kuwait's Foreign Ministry condemned what it called Iran's targeting of the port and its fuel tanks as a "dangerous escalation" that threatened global trade.

    Why it matters Salalah sits on the Arabian Sea, outside the Strait of Hormuz, and Oman had worked as a bridge between Iran and the West, so the fire showed the war's damage reaching both beyond the strait and into a mediator's territory.

    Sources: Associated Press, Associated Press (2)

  3. 3:44 PM in Paris

    IEA agrees record 400 million-barrel emergency oil release; U.S. to supply 172 million

    OfficialShipping, energy & marketsBackgroundParis, France

    The International Energy Agency said its member countries would release 400 million barrels from emergency reserves, the largest release in its history, a move G7 leaders backed. Energy Secretary Chris Wright said the U.S. share would be 172 million barrels from the Strategic Petroleum Reserve, starting next week and taking about 120 days to deliver.

    Why it matters An energy expert told AP the release covers only weeks of lost Hormuz supply, and Brent jumped back above $100 a barrel within hours as attacks on shipping continued.

    Sources: CBS News, Associated Press, Associated Press (2), Associated Press (3), CBS News (AFP)

Tuesday, March 10, 20263 entries

  1. 9:52 AM in Muscat, Mar 11

    Thai bulk carrier set ablaze in Hormuz; Revolutionary Guard claims the strike

    ConfirmedShipping, energy & marketsBackgroundStrait of Hormuz, off Oman

    The Thai-flagged bulk carrier Mayuree Naree was hit by two projectiles about 10 nautical miles off Oman in the Strait of Hormuz, damaging its engine room and starting a fire; Oman's navy rescued 20 of its 23 Thai crew and three were believed trapped. Iran's Revolutionary Guard claimed the attack, saying the ship ignored its warnings, hours after a container ship was hit off the UAE's Ras al-Khaimah.

    Why it matters By claiming a strike on a neutral merchant ship for ignoring its warnings, the Guard signaled that passage through Hormuz now depended on Iranian permission.

    Sources: Associated Press, Associated Press (2), CBS News, CBS News (AFP)

  2. 2:37 PM in New York

    White House says Navy has escorted no tankers yet as U.S. offers $20B in ship reinsurance

    OfficialShipping, energy & marketsBackgroundWashington, United States

    Press secretary Karoline Leavitt said the U.S. Navy had not escorted any tanker through the Strait of Hormuz, contradicting a quickly deleted post by Energy Secretary Chris Wright that had moved oil markets, though she said escorts remained "an option." The U.S. International Development Finance Corp. said it was providing $20 billion in reinsurance on a rolling basis to cover ships in the Gulf against political-risk losses.

    Why it matters With about 400 oil and product tankers idle in the Gulf, insurance and escorts were Washington's main levers for getting shipping moving again.

    Sources: Associated Press, Associated Press (2), Associated Press (3)

  3. 3:29 PM in Dubai

    Drone strike sets fire at the UAE's Ruwais complex; ADNOC shuts its refinery

    ConfirmedShipping, energy & marketsBackgroundRuwais, United Arab Emirates

    Abu Dhabi authorities said a drone attack caused a fire at a facility in the Ruwais industrial complex, with no injuries. ADNOC shut the Ruwais refinery, which can process up to 922,000 barrels a day, as a precaution while other operations at the complex continued, a source told Reuters.

    Why it matters Ruwais is the Middle East's largest refinery and the hub of Abu Dhabi's downstream industry, so the shutdown put Gulf fuel output, not only crude shipping, at risk.

    Sources: Associated Press, The National, GMA News (Reuters)

Monday, March 9, 20262 entries

  1. 4:04 PM in New York

    Oil swings back toward $90 and stocks rally as Trump calls the war 'very complete'

    ConfirmedShipping, energy & marketsBackgroundNew York, United States

    Oil whipped from nearly $120 a barrel back toward $90 on Monday and the S&P 500 erased a 1.5% drop to close up 0.8% as Trump told CBS News the war was "very complete, pretty much" and "very far ahead of schedule," and said he was "thinking about taking over" the Strait of Hormuz.

    Why it matters The swing showed prices trading on Trump's statements about the war's length rather than on any reopening of Hormuz, where commercial traffic had all but stopped.

    Sources: Associated Press, Associated Press (2), CBS News, CBS News (2)

  2. 7:04 PM in London

    UN shipping agency says at least 7 seafarers killed in attacks around Hormuz

    OfficialShipping, energy & marketsBackgroundLondon, United Kingdom

    International Maritime Organization Secretary-General Arsenio Dominguez said at least seven mariners had been killed and several others gravely injured in recent attacks on merchant ships around the Strait of Hormuz. He did not assign blame and urged shipping companies to use "maximum caution."

    Why it matters Crew deaths help explain why about 400 oil and product tankers sat idle in the Gulf even as Washington offered insurance and floated naval escorts.

    Sources: Associated Press, Associated Press (2)

Sunday, March 8, 20261 entry

  1. 5:42 PM in Chicago

    Oil tops $100 for the first time since 2022 and nears $120 as markets reopen

    ConfirmedShipping, energy & marketsBackgroundChicago, United States

    Brent crude traded at $101.19 as futures reopened Sunday evening, up 9.2% from Friday, then spiked to $119.50 early Monday before easing; U.S. crude peaked at $119.48. Japan's Nikkei 225 fell more than 6% soon after the open and South Korea's Kospi sank more than 8% at one point, triggering a trading halt.

    Why it matters About a fifth of the world's oil normally moves through the all-but-halted Strait of Hormuz, and prices eased only on reports that G7 nations were weighing emergency stock releases.

    Sources: Associated Press, Associated Press (2), CBS News (AP), CBS News (AFP)

Saturday, March 7, 20263 entries

  1. 11:19 PM in Tehran

    Israel strikes Tehran fuel storage depots, setting off huge fires near a refinery

    ConfirmedShipping, energy & marketsBackgroundTehran, Iran

    Flames lit up the night sky over Tehran after strikes hit an oil storage facility near a key refinery, Iran's IRNA news agency said, adding the refinery was not damaged. Israel's military later confirmed striking several fuel storage complexes it said supplied Iran's military, and Iranian state media threatened to hit refineries in Haifa.

    Why it matters It was among the first strikes on civilian industrial facilities in the war, and Iran's threat against Haifa's refineries signaled that energy infrastructure on both sides was now in play.

    Sources: Associated Press, CBS News (AP), Associated Press (2)

  2. 7:03 PM in Tehran

    Iran says a U.S. strike hit a desalination plant on Qeshm Island, cutting water to 30 villages

    OfficialShipping, energy & marketsBackgroundQeshm Island, Iran

    Foreign Minister Abbas Araghchi said the United States struck a freshwater desalination plant on Qeshm Island in the Gulf, affecting the water supply of 30 villages, and called it a "blatant and desperate crime." The U.S. did not comment.

    Why it matters Araghchi called attacks on Iran's infrastructure "a dangerous move with grave consequences" and said "the U.S. set this precedent, not Iran," a warning that water and other civilian infrastructure could now be fair game on both sides.

    Source: CBS News

  3. 5:09 PM in Kuwait

    Kuwait cuts crude output and refining as a precaution against Iranian attacks

    OfficialShipping, energy & marketsBackgroundKuwait City, Kuwait

    Kuwait Petroleum Corporation said it was making a precautionary reduction in crude oil production and refining, citing Iranian attacks on the country and threats to the Strait of Hormuz. It did not say how much output was cut and said it would restore production when circumstances permit.

    Why it matters Kuwait is one of the world's largest oil producers, so the cut tightened supply further as prices were already surging.

    Sources: CBS News, Associated Press

Friday, March 6, 20262 entries

  1. 2:04 AM in Baghdad, Mar 7

    Drones hit Basra oil sites and U.S. contractor facilities in southern Iraq

    ReportedShipping, energy & marketsBackgroundBasra, Iraq

    At least two drones struck energy infrastructure and a compound housing foreign oil company offices and warehouses in Iraq's Basra province, setting fires at facilities linked to U.S. energy-services firms, two Iraqi security officials told AP. Casualties were not immediately clear.

    Why it matters The attack brought the war to the heart of Iraq's oil export region, following strikes on oil fields and the cargo section of Basra's airport.

    Source: Associated Press

  2. 12:21 PM in New York

    U.S. crude tops $90 a barrel for the first time since 2023

    ConfirmedShipping, energy & marketsBackgroundNew York, United States

    Benchmark U.S. crude rose above $90 a barrel on Friday for the first time since October 2023, and Brent also broke $90. The U.S. average gasoline price rose 34 cents in a week to $3.32 a gallon, according to AAA.

    Why it matters One week of war had pushed oil to multi-year highs, and Qatar's energy minister warned prices could reach $150 if tankers could not pass Hormuz.

    Sources: Associated Press, CNBC

Thursday, March 5, 20261 entry

  1. 11:07 AM in Baghdad

    Blast hits tanker Sonangol Namibe off Iraq after Iran claims strike on a U.S. tanker

    ReportedShipping, energy & marketsBackgroundOff Khor al-Zubair, Iraq

    Iran's Revolutionary Guard claimed it hit an American oil tanker in the northern Gulf, but maritime security firms said the target appeared to be the Bahamas-flagged Sonangol Namibe. Its operator said a small vessel approached the ship at anchor near Khor al-Zubair, Iraq, before a loud bang breached a ballast tank; all 23 crew were safe and there was no cargo or pollution.

    Why it matters The attack, in waters off Kuwait and Iraq far inside the Gulf, showed Iran's threat to shipping reached well beyond the Strait of Hormuz itself.

    Sources: CBS News, CBS News (2)

Wednesday, March 4, 20262 entries

  1. 11:17 PM in Baghdad

    Iraq's national power grid shuts down after a sudden drop in gas supplies

    ReportedShipping, energy & marketsBackgroundIraq

    Iraq's Electricity Ministry said the national grid was "completely shut down across all Iraqi provinces" after a sudden drop in gas supplies to a key power plant, AFP reported. Iraq's Oil Ministry also halted production at a major field near Basra, citing a shortage of tankers in the Gulf, AP reported.

    Why it matters The blackout showed how the Gulf shipping freeze and disrupted gas flows were spilling into Iraq's own economy, not just world oil prices.

    Source: CBS News

  2. 4:05 PM in Qatar

    QatarEnergy declares force majeure to LNG buyers after halting production

    OfficialShipping, energy & marketsBackgroundDoha, Qatar

    QatarEnergy said it had declared force majeure to affected buyers, formally releasing itself from delivery obligations after it stopped producing liquefied natural gas following Iranian drone attacks on Ras Laffan and Mesaieed on March 2.

    Why it matters Qatar is the world's largest LNG producer; the halt had already sent European and Asian gas prices soaring, and force majeure tells buyers the cargoes will not come on contract terms.

    Sources: CBS News, Al Jazeera

Back to top