Kevin Will News

Oil prices surged on Monday as the U.S. moved to impose a blockade on Iranian shipping after the collapse of weekend peace talks, while the dollar rose and stocks and bonds fell.The U.S. move, aimed at putting pressure on Tehran, leaves a fragile ceasefire hanging in the balance and no end in sight to the choke on Middle East energy exports - though the mood on trading floors leaned toward hoping for a resolution.Brent crude futures LCOc1 were up 7% at $102 a barrel - a gain of more than 40% since the war shut navigation of the Strait of Hormuz.

Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted.Brent crude futures LCOc1 were up $2.18, or 2.3%, at $96.93 a barrel at 0645 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 rose $3, or 3.18%, to $97.41 a barrel.Both benchmarks fell below $100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020…

Oil prices dived, stocks surged and the dollar was knocked back on Wednesday as a two-week Middle East ceasefire sparked a relief rally, fuelled by hopes that oil and gas flows through the Strait of Hormuz could resume.The news capped weeks of market volatility and geopolitical upheaval after U.S. and Israeli strikes on Iran at the end of February pushed tensions to the brink, with Tehran effectively choking off the strategic waterway that typically carries about 20% of the world’s oil and gas.U.S.

The U.S. Coast Guard (USCG) held a formal assumption of command ceremony for Vice Adm. Joe Buzzella as he assumed the duties and responsibilities of U.S. Coast Guard Pacific Area and Defense Force West Commander during an event Thursday, at Coast Guard Island in Alameda.Adm. Kevin Lunday, commandant of the U.S. Coast Guard presided over the ceremony. Senior Coast Guard leadership and distinguished guests joined in recognizing Vice Adm. Buzzella’s commitment to leading the Service.Vice Adm.

Gas majors including Shell and Chevron warned Australia against introducing a windfall tax on gas exporters, saying it would deter investment and undermine energy security as LNG prices surge amid disruption caused by the Iran war.Australia became the world's second-largest LNG supplier after Iranian strikes forced Qatar to halt production, with its export revenue set to surge due to lower supply caused by the conflict.Canberra is weighing options to capitalise on the higher prices…

Oil rose about 2% on Thursday, clawing back losses from the previous session on concerns that protracted fighting in the Middle East will further disrupt energy flows.Brent futures LCOc1 rose $2.08, or 2.03%, to $104.30 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude futures CLc1 were up $1.93, or 2.14%, at $92.25 a barrel.Both benchmarks slumped more than 2% on Wednesday.Iran is still reviewing a U.S. proposal to end the war, but has no intention of holding talks to end the Middle East conflict, Iran's foreign minister said on Wednesday.U.S.

Oil prices rose more than 1% on Tuesday, as renewed Iranian attacks on the United Arab Emirates heightened concerns about the worsening outlook for global supply if there is no quick resolution to U.S.-Israeli war on Iran, now in its third week.Brent crude futures gained $1.33, or 1.3%, to $101.53 a barrel by 1515 GMT while U.S. West Texas Intermediate (WTI) crude advanced $1.21, or 1.3%, to $94.71.The U.S.-Israeli war on Iran shows no signs of abating. While oil futures have not repeated the brief surge to nearly $120 a barrel from earlier in the month…

Oil tankers are crossing the Strait of Hormuz and Iran's actions to choke traffic through the shipping route have not hurt the U.S. economy, White House economic adviser Kevin Hassett told CNBC on Tuesday, reiterating the Trump administration's position that the war should be over in weeks, not months."Already you're seeing tankers are starting to dribble through the straits, and I think it's a sign of how little Iran has left," he said."We're very optimistic that this is going to be over in the short run…

Caledonian Maritime Assets Limited (CMAL) has named Guangzhou Shipyard International Co., Ltd (GSI) as the preferred bidder to build two new freight flex ferries for Scotland’s Northern Isles service, marking a key step forward in the procurement process.The contract, which remains subject to a mandatory 10-day standstill period, covers the construction of two 140-meter vessels that will replace the Helliar and Hildasay on the Aberdeen to Kirkwall/Lerwick route operated by Serco NorthLink Ferries.Designed to boost both capacity and performance…

Gulf Arab states did not ask the U.S. to go to war with Iran, but many are now urging it not to stop short by leaving the Islamic Republic still able to threaten the Gulf’s oil lifeline and the economies that depend on it, three Gulf sources told Reuters.At the same time, these sources and five Western and Arab diplomats said Washington was pressing Gulf states to join the U.S.-Israeli war. According to three of them, President Donald Trump wants to show regional backing for the campaign…

The dollar surged on Monday as soaring oil prices sent investors scrambling for cash on worries that a protracted Middle East war could severely disrupt energy supplies and hurt global growth.Against the surging greenback, the euro EUR= and sterling GBP= were down roughly 1% in Asia, while the Aussie AUD= and even the safe-haven Swiss franc CHF= similarly tumbled, as the dollar proved king."The U.S. dollar's finding no shortage of support from traditional haven considerations and obviously…

Coast Guard Petty Officer 2nd Class Tyler Jaggers, an aviation survival technician assigned to Air Station Astoria, Oregon, passed away the evening of March 5, 2026, as a result of critical injuries suffered during the rescue of a distressed mariner from a commercial ship offshore of Oregon on February 27.As part of an MH-60 Jayhawk helicopter crew from Air Station Astoria, Jaggers was injured while responding to a medical emergency aboard the commercial motor vessel Momi Arrow…

A Quick Q&A with Port of the Future Founder and Event Director Kevin Clement on key differentiators and the value of attending, exhibiting and speaking at Port of the Future 2026:CLICK HERE to discover the conference line-up and to register for Port of the Future 2026 in Houston, March 23-25.Q: What inspired the creation of the Port of the Future Conference?The idea started in 2019 with Dr. Tony Ambler at the University of Houston. The vision was to create an annual event focused on the future of ports—one that would connect the maritime industry with universities…

The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, President Donald Trump said on Tuesday, adding he had ordered the U.S. International Development Finance Corporation to provide political risk insurance and financial guarantees for maritime trade in the Gulf.The move marks one of the administration’s most aggressive steps yet to attempt to contain soaring energy prices amid escalating conflict in the Middle East that has raised risks to shipping through key waterways.Global crude prices have spiked since Israeli and U.S.

Supertanker costs in the Middle East have hit all-time highs, according to shipping data and industry sources on Tuesday, as the U.S.-Iran conflict intensifies with Tehran attacking ships passing through the Strait of Hormuz.Shipping through the Strait between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of liquefied natural gas, has ground to a near halt after vessels in the area were hit as Iran retaliated against U.S. and…

The Panama Canal and the U.S. Grains & BioProducts Council (USGBC) signed a Memorandum of Understanding (MOU) designed to strengthen their collaboration through the enhancement of global trade with U.S. agricultural products. Under the terms of the MOU, the Panama Canal and USGBC will collaborate on joint market efforts like economic analysis, as well as sharing trade and logistical data. Through this type of cooperation, the partnership will support an increasing international demand for U.S.

The U.S. Coast Guard is accelerating long-term investments in cutters, aviation assets and autonomous systems following what service leaders described as a historic infusion of funding from Congress in 2025, according to testimony before the Senate Commerce Committee.During the hearing, Senator Roger Wicker (R-Miss.) pressed Admiral Kevin Lunday, Commandant of the United States Coast Guard, on how the service is translating recent budget increases into operational capability, particularly in the Indo-Pacific.Adm.

James Fisher and Sons has invested in U.S.-based autonomous marine technology company Ocean Aero, taking a strategic minority stake as part of Ocean Aero’s Series D funding round.The investment increases James Fisher’s exposure to autonomous and low-emission marine technology and supports the development and deployment of Ocean Aero’s Triton Autonomous Underwater and Surface Vehicle (AUSV), a wind- and solar-powered platform designed to operate without onboard crews.Ocean Aero designs…

The United States Coast Guard held a formal swearing-in and assumption of command ceremony on Thursday for Adm. Kevin Lunday as the 28th Commandant of the U.S. Coast Guard.Secretary Kristi Noem joined senior Coast Guard leadership, members of the Joint Force and distinguished guests in recognizing the transition of command and Adm. Lunday’s commitment to leading the Service.“President Trump’s plan was simple when he became President of the United States. He wanted to revitalize the Coast Guard…

Adm. Kevin E. Lunday will officially be sworn in as the 28th Commandant of the United States Coast Guard during an Assumption of Command Ceremony. The ceremony will be presided over by the Secretary of Homeland Security Kristi Noem.WHAT: Commandant’s assumption of command ceremonyWHEN: Thursday, January 15, 2026 at 11 a.m.WHERE: The ceremony will be streamed live for public viewing at: https://www.dvidshub.net/webcast/37352For more information, please contact the U.S. Coast Guard Headquarters media relations office at mediarelations@uscg.mil.

The U.S. Coast Guard announced the award of two contracts to build up to six Arctic Security Cutter (ASC) icebreakers between the United States and Finland..Contracts were awarded to Rauma Marine Constructions Oy of Rauma, Finland, and Bollinger Shipyards Lockport, L.L.C. of Lockport, Louisiana, and are the result of President Donald Trump and Secretary of Homeland Security Kristi Noem’s international agreements with Finland and the historic investments authorized in the President’s One Big Beautiful Bill Act.The Arctic Security Cutters will defend U.S.

The U.S. Coast Guard is waiting for additional forces to arrive before potentially attempting to board and seize a Venezuela-linked oil tanker it has been pursuing since Sunday, a U.S. official and a source familiar with the matter told Reuters.The ship, which maritime groups have identified as the Bella 1, has refused to be boarded by the Coast Guard. That means that the task will likely fall to one of just two teams of specialists - known as Maritime Security Response Teams - who can board vessels under these circumstances…

The Coast Guard authenticated the keel for the future Coast Guard Cutter Pickering during a ceremony Monday in Mobile, Alabama. Keel authentication is a time-honored shipbuilding tradition marking the formal start of a vessel’s construction. During the ceremony, the sponsor’s initials are applied to a ceremonial keel plate that will be installed on the cutter, symbolically indicating the keel is “truly and fairly laid.” Adm. Kevin Lunday, acting commandant of the Coast Guard, attended the event along with Rep.