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Gulf clashes escalating as US and Iran are no closer to ending the war

Posted to Maritime Reporter on May 9, 2026

U.S. and Iran did not appear to be any closer to a resolution of their conflict on Saturday after both sides exchanged fire in the Gulf during a tenuous truce. A U.S. intelligence analysis found that Tehran could survive a naval blocade for several months.

Russia increases LPG rail exports to China by 21% in March m/m

Posted to Maritime Reporter on April 23, 2026

Sources said that Russia increased its liquefied gas exports to China by 21% in March compared to February. This was due to the increase in trading after the Chinese New Year holiday and the lack of Middle East supplies. Due to European sanctions…

Bousso

Posted to Maritime Reporter on April 23, 2026

In the past decade, we have seen a rapid succession global energy crises, fueled by conflict, extreme weather and supply chain snarls. The highly fragmented oil and gas market of today is becoming more interconnected, and as the transition to a low-carbon economy accelerates…

Japan's oil refiners are looking to North America as a crude supply source

Posted to Maritime Reporter on March 23, 2026

Japan Petroleum Association President Shunichi Kito said on Monday that North America was a potential source of alternative crude oil for Japanese refiners. Ecuador, Colombia, and Mexico were also considered as options. Oil buyers around the…

Bousso: The offshore wind pact between Europe and the US is a hedge to US gas dependence.

Posted to Maritime Reporter on January 27, 2026

The European Union has agreed to develop a massive offshore wind network. This is a major step forward in the region’s efforts to reduce its dependency on U.S. gas imports while also tackling rising costs for renewable energy. On Monday, at the North Sea Summit…

Report by the CIA shows that Tehran can withstand a blockade of four months as fighting flares

Posted to Maritime Reporter on May 8, 2026

The U.S. intelligence assessment concluded that Tehran could withstand a naval blocade for four more months. According to a U.S. government official who was familiar with this analysis, first reported by The Washington Post, the CIA assessment concluded that the U.S.

Iran wants an 'all-encompassing agreement' with the US

Posted to Maritime Reporter on May 6, 2026

Iran's foreign minister stated on Wednesday that it would only accept a "fair and comprehensive agreement" with the U.S. in its negotiations to end the Middle East war, as President Donald Trump noted "great progress"? in the process. He didn't…

Bousso

Posted to Maritime Reporter on April 28, 2026

United Arab Emirates' decision not to join OPEC will drastically reduce the producer group's 65-year influence on the oil market. This could lead to a price war once Gulf producers rush to regain their market share after the Iran War is over.

Treasury's Bessent: US has "plenty" of funds to wage war on Iran

Posted to Maritime Reporter on March 23, 2026

The?U.S. The?U.S. Bessent also ruled out any calls for tax increases in the "Meet the Press'" program on NBC News. Congress is sceptical about the U.S. government's request to spend $200 billion more on the Iran war after spending large amounts of money for defense last year.

Operator says that the Greek tanker, which was hit by an unidentified object, suffered minor damage.

Posted to Maritime Reporter on March 14, 2026

The manager of Maran Tankers, said that a Greek-flagged vessel, the Maran Homer was struck by an unidentified object on 'Saturday as it waited for orders to enter Caspian Pipeline Consortium Terminal (CPC) at Novorossiysk. The vessel was struck…

Bousso: The release of historic oil reserves is a temporary bandage on the looming supply crisis.

Posted to Maritime Reporter on March 11, 2026

The International Energy Agency plan to release 400,000,000 barrels of oil reserves to the world is unprecedented and urgently needed to counter the devastating supply shock caused by the Iran War. But it will only offer limited relief so long as energy exports to the Middle East are blocked.

Bousso: The release of historic oil reserves is just a bandage on an erupting supply shock.

Posted to Maritime Reporter on March 11, 2026

The plan of the International Energy Agency to release 400,000,000 barrels of oil is unprecedented and urgently needed to counter the supply shock caused by the Iran War. It will only offer limited relief so long as energy exports to the Middle East are blocked.

Bousso: US and China are the key to containing an oil shock in the Middle East

Posted to Maritime Reporter on February 24, 2026

A major military conflict between the U.S., Iran and other Middle Eastern countries could cause a disruption of oil supplies in the region. It could be that the vast oil reserves held by both the U.S.A. and China are crucial in controlling it.

Bousso: US and China are the key to containing an oil shock in the Middle East

Posted to Maritime Reporter on February 24, 2026

A major military conflict between the U.S., Iran and other countries could cause a disruption of Middle East oil supply. It could be that the vast oil reserves held by the U.S. or China are crucial in controlling it. As the American military builds up in the region…

Russell assumes that there will be no disruption in the supply of crude oil from Iran.

Posted to Maritime Reporter on February 20, 2026

According to daily headlines, the?premium built into crude oil prices due to tensions between Iran and the United States fluctuates. But there is a underlying assumption that all will be well. Brent crude oil futures closed at $70.35 per barrel, a 4.4% increase.

Russell assumes that there will be no disruption in the supply of crude oil from Iran.

Posted to Maritime Reporter on February 18, 2026

There is a premium built into crude oil prices due to tensions between Iran and the United States. The headlines fluctuate daily, but there's an assumption that all will be well. Brent futures, the global benchmark, rose 4.4% to $70.35 per barrel on Wednesday.

Bousso

Posted to Maritime Reporter on February 18, 2026

This month, China marks one year since its last import of liquefied gas from the U.S. in the midst of a heated trade war between two world's largest economies. Chinese companies have purchased U.S. LNG from American producers under long-term contracts.

The US and Europe are falling behind in the race for control of the Arctic: Vladimirov & Petrova

Posted to Maritime Reporter on January 31, 2026

The Arctic is not a frozen peripheral, particularly after the spat between the U.S. and Europe over Greenland. The High North is becoming a strategic hub for minerals, energy and shipping as the sea ice begins to melt. The Arctic is heating up four times faster than other parts of the world…

Sources say that the Russian Urals oil is trading at a discount close to the largest since 2022, in India

Posted to Maritime Reporter on January 26, 2026

Two sources reported that Russian crude oil cargoes dated February Urals traded in Indian ports at discounts close to the largest since 2022 compared with dated Brent, amid increased pressure from Western sanctions. The two sources claimed that…

Hong Kong will call 10 witnesses to the stand in a case involving Baltic Sea cable damage

Posted to Maritime Reporter on January 20, 2026

After a hearing in Hong Kong on Tuesday, the lawyer of the Chinese captain alleged that ten witnesses would be called to testify against him in a criminal?damage case. The Chinese captain is accused of damaging undersea cable in Baltic Sea.

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