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Iran war

Shipping, energy & markets

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

222 entries, newest first; showing 211–222. Show all updates

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Tuesday, March 3, 20261 entry

  1. 2:52 PM in New York

    Trump orders U.S. political risk insurance for Gulf shipping and offers Navy tanker escorts

    OfficialShipping, energy & marketsBackgroundWashington, D.C., United States

    President Trump said he ordered the U.S. Development Finance Corporation to offer political risk insurance and guarantees for all maritime trade through the Gulf, especially energy, and that the Navy would escort tankers through the Strait of Hormuz "as soon as possible" if necessary.

    Why it matters It was Washington's first concrete step to restart traffic through Hormuz, which normally carries about a fifth of the world's oil and had nearly stopped after Iranian attacks on ships.

    Sources: CBS News, Associated Press

Monday, March 2, 20265 entries

  1. 11:53 PM in Tehran

    Revolutionary Guard declares Strait of Hormuz closed, threatens to set ships ablaze

    OfficialShipping, energy & marketsBackgroundStrait of Hormuz

    Ebrahim Jabari, a senior adviser to the IRGC commander, said "the strait is closed" and that the Guard and navy would set ablaze any ship trying to pass, Iranian state media reported. Earlier Monday the IRGC said it hit the tanker Athe Nova with two drones, and MarineTraffic said transits had fallen about 70% since Saturday.

    Why it matters The declaration turned Saturday's radio warnings into an explicit threat to fire on shipping in the strait, which carries about a fifth of global oil supply.

    Sources: Times of Israel, Al Jazeera, Al Jazeera (2), Associated Press

  2. 3:00 PM in Qatar

    QatarEnergy halts LNG output after Iranian drones hit Ras Laffan and Mesaieed

    ConfirmedShipping, energy & marketsBackgroundRas Laffan, Qatar

    Qatar's Defense Ministry said one drone hit a QatarEnergy facility in Ras Laffan Industrial City and another a power-plant water tank in Mesaieed, with no casualties. QatarEnergy then halted production of liquefied natural gas and associated products with no timeline for restarting, and European benchmark gas prices jumped more than 40%.

    Why it matters Qatar is one of the world's top gas suppliers and a key source of the LNG Europe uses to replace Russian pipeline gas, so the halt turned the war into a global gas-supply shock.

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

  3. 2:32 PM in Muscat

    Drone boat hits tanker MKD VYOM off Muscat, killing an Indian crew member

    OfficialShipping, energy & marketsBackgroundGulf of Oman, off Muscat, Oman

    A bomb-carrying drone boat struck the Marshall Islands-flagged tanker MKD VYOM in the Gulf of Oman off Muscat, sparking a fire and killing one crew member from India, the Oman News Agency said.

    Why it matters The attack carried the threat to shipping beyond the Strait of Hormuz into the Gulf of Oman, where tankers wait to load or transit.

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

  4. 1:18 PM in Bahrain

    U.S.-flagged tanker hit in Bahrain port; shipyard worker killed

    ConfirmedShipping, energy & marketsBackgroundPort of Bahrain, Bahrain

    Two projectiles struck the U.S.-flagged tanker Stena Imperative while it was berthed in the Port of Bahrain, starting a fire that was put out, UKMTO and operator Crowley said. Crowley said one shipyard worker was killed and two injured; the ship's crew was unhurt.

    Why it matters Iranian forces had harassed the same tanker in the Strait of Hormuz on Feb. 3, and the hit showed Gulf harbors were no safer than the strait.

    Sources: Al Jazeera, CBS News, CBS News (2)

  5. 11:28 AM in Riyadh

    Saudi Aramco shuts Ras Tanura refinery after Iranian drone attack

    OfficialShipping, energy & marketsBackgroundRas Tanura, Saudi Arabia

    Saudi Arabia said it intercepted drones targeting the Ras Tanura refinery near Dammam but that falling debris started a fire. State TV said the refinery, with capacity above half a million barrels a day, was temporarily shut as a precaution, with no casualties.

    Why it matters The attack put Gulf energy infrastructure directly in Iran's sights, which a Verisk Maplecroft analyst called a significant escalation.

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

Sunday, March 1, 20263 entries

  1. 12:16 AM in London, Mar 2

    Oil jumps as markets reopen, with Brent up as much as 13% in Asian trading

    ConfirmedShipping, energy & marketsBackgroundLondon, United Kingdom

    Oil rose sharply when trading resumed Sunday evening: Brent was around $79 a barrel, about 8% above Friday's close, and climbed as much as 13% in Asian trading Monday before paring gains. OPEC+ had agreed on Sunday to raise April output by 206,000 barrels a day, more than expected.

    Why it matters Traders were pricing in a loss of Gulf supply as Hormuz traffic stalled, and an analyst warned the OPEC+ increase might not be enough to prevent a price spike.

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

  2. 6:40 PM in Dubai

    Maersk suspends Strait of Hormuz crossings as carriers send ships to shelter

    OfficialShipping, energy & marketsBackgroundStrait of Hormuz

    Maersk, the world's largest container line, said it was suspending all vessel crossings of the Strait of Hormuz until further notice. CMA CGM had told its ships in and bound for the Gulf to shelter, and MSC ordered its Gulf vessels to safe areas and stopped Middle East bookings; Iran's foreign minister told Al Jazeera the same day Iran had no plan to close the strait "at this stage."

    Why it matters The biggest carriers halted traffic on their own risk assessments regardless of Tehran's stated position, choking Gulf trade before any formal closure.

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

  3. 12:10 PM in Muscat

    Drones hit Oman's Duqm port and a tanker off Musandam

    OfficialShipping, energy & marketsBackgroundDuqm and Musandam, Oman

    Oman's news agency said two drones targeted the commercial port of Duqm, one hitting workers' housing and injuring a foreign worker. Oman's Maritime Security Centre then said the Palau-flagged tanker Skylight was attacked about 5 nautical miles off Musandam; four of its 20 crew were wounded and all were evacuated.

    Why it matters CBS and AFP called them the first suspected Iranian strikes on Oman, the mediator of the U.S.-Iran talks, and Duqm is a U.S. Navy logistics hub outside the Strait of Hormuz.

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

Saturday, February 28, 20262 entries

  1. 7:53 PM in Dubai

    Revolutionary Guard radios ships that Hormuz passage is "not allowed"

    ReportedShipping, energy & marketsBackgroundStrait of Hormuz

    Vessels in the Gulf received VHF messages from Iran's Revolutionary Guard saying "no ship is allowed to pass the Strait of Hormuz," an official with the EU's Aspides naval mission said. Britain's UKMTO said it had multiple such reports but could not confirm them, Iran made no formal announcement, and some major oil traders had already halted shipments through the strait.

    Why it matters Roughly a fifth of the world's traded oil moves through the strait, so even an unconfirmed closure warning froze tanker traffic before markets reopened on Sunday night.

    Sources: Times of Israel, Al Jazeera, Al Jazeera (2)

  2. 1:18 PM in Dubai

    Gulf states close airspace; Qatar Airways and Dubai airport halt flights

    ConfirmedShipping, energy & marketsBackgroundDubai, United Arab Emirates

    Qatar, Kuwait and the UAE closed their airspace after Iran's attacks, following Iran, Iraq and Israel. Qatar Airways suspended flights at its Doha hub and Dubai airport later halted all operations until further notice.

    Why it matters The shutdown of two of the world's biggest transit hubs stranded travelers worldwide and marked the start of the region-wide aviation disruption that followed the war.

    Sources: Al Jazeera, Associated Press, Al Jazeera (2), Associated Press (2)

Sunday, November 19, 20231 entry

  1. 1:00 PM in Aden

    Houthis seize the Galaxy Leader, opening their Red Sea shipping campaign

    ConfirmedShipping, energy & marketsBackgroundSouthern Red Sea, off Hodeidah, Yemen

    Armed men rappelled from a helicopter onto the Bahamas-flagged, Japanese-operated cargo ship Galaxy Leader in the southern Red Sea off Yemen and seized it with its 25 crew, targeting it as an Israeli-linked ship over the Gaza war. It was the first of many Houthi attacks on Red Sea shipping.

    Why it matters The attacks that followed cut oil flows through the Bab el-Mandeb from 8.7 million barrels a day in 2023 to 4.0 million in early 2024 as tankers rerouted around Africa, the template now used to judge Hormuz risk.

    Sources: CFR Yemen and Red Sea tracker, EIA Red Sea tanker analysis, NBC News, CBS News timeline

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