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Oil prices reach a five-week high due to US-Iran attack and Houthi blockade

Posted to Maritime Reporter on July 21, 2026

Tuesday, oil prices rose by 2% to a five week high. This was due to fears that the Middle East could be hit with more energy disruptions as a result of increased attacks between the U.S. Brent futures climbed $2.12 or 2.4% to $91.34 per barrel at 10:53 am EDT (1453 GMT). U.S.

ROI-Forget crude. Bousso: War drives refiners near the edge.

Posted to Maritime Reporter on July 20, 2026

Warning signs are flashing in the global oil refinery industry. As conflicts in the Middle East, Russia and other energy markets ripple across the globe, the supply chain of products that fuel the global economy is increasingly stressed. Benchmark…

Venice prepares for protests when U.S. Ambassador Fertitta arrives in a superyacht

Posted to Maritime Reporter on July 17, 2026

U.S. The U.S. Ambassador to Italy Tilman Ferritta arrived on his superyacht in the lagoon of Venice, attracting protests against the policies of President Donald Trump and increased security. Fertitta is a 'billionaire entrepreneur' appointed by Trump.

UAE: Iranian missiles hit oil tankers in Strait of Hormuz and one sailor was killed

Posted to Maritime Reporter on July 13, 2026

The United Arab Emirates Ministry of Defence announced on Tuesday that one Indian crew member died and eight other?were injured when two Emirati oil tankers were hit by Iranian cruise missiles in?the Strait of Hormuz. This was the latest escalation of the strategic waterway.

Rescuers look for crew members after container ship attacks in Strait of Hormuz

Posted to Maritime Reporter on July 13, 2026

A crew member from India is still missing after a container?ship flying the Cyprus flag was struck in the Strait of?Hormuz Sunday?and a?search?operation?is under way to find him. Cyprus' Deputy Ministry of Shipping announced on Monday. Authorities…

Merz: Germany has agreed to purchase US Tomahawk missiles

Posted to Maritime Reporter on July 9, 2026

The 'U.S. government has agreed to allow Germany to acquire 'Tomahawk?cruise missiles?and station them on German territory, Chancellor Friedrich Merz told lawmakers in Berlin on Thursday. The German government will acquire Tomahawk cruise missiles and station them in Germany…

Qatar announces that all maritime activities in Qatar will be resumed immediately

Posted to Maritime Reporter on July 5, 2026

'Qatar announced on 'Sunday, that maritime activities will re-start with 'immediate effect. The advisory of June 29th had called for?the suspension of fishing and sailing boats until further notice. Commercial shipping, however, was exempted.

US sanctions on Iran increase as the conflict escalates

Posted to Maritime Reporter on July 10, 2026

Following Tehran's renewed?attacks against oil tankers in Strait of Hormuz?, the?Treasury Department announced that new sanctions were issued by the United States on Friday. They targeted a key financier of Iran's new president Mojtaba Khmenei, as well as?13 individuals and entities.

ROI-Forget TACO. Russell Russell's favorite Mexican food acronym for Trump is TAMALES.

Posted to Maritime Reporter on July 9, 2026

Some clever people have come up with acronyms based on Mexican food to describe the disruptive and unprecedented U.S. presidential presidency of Donald Trump. TACO - Trump Always Chickens out - is an acronym that reflects the U.S. president's tendency to escalate a situation…

Authorities say that a major drone attack on the St Petersburg oil terminal and port was carried out by Ukraine.

Posted to Maritime Reporter on July 4, 2026

Authorities in St Petersburg, Russia's second largest city and the surrounding Leningrad area said on Saturday that a major Ukrainian drone strike overnight had hit a local oil pipeline and port. Alexander Beglov, the Governor of St Petersburg…

Eneos has enough crude to last through September and is looking for alternative sources

Posted to Maritime Reporter on July 3, 2026

Eneos Holdings' chief financial officer said that the Iran War had disrupted Middle Eastern oil supplies. The company has stabilised its oil procurement, and is able to secure alternative crude supply through September. "We are confident about…

CMA CGM's Galapagos container vessel leaves Strait of Hormuz

Posted to Maritime Reporter on June 28, 2026

CMA CGM said that its Galapagos container ship left the 'Strait of Hormuz' on Sunday. Washington and Tehran both accuse the other of violating the agreement. The ship's captain declined to comment on the circumstances of the vessel's departure from the strait.

Norwegian soccer fans celebrate World Cup success with Viking row

Posted to Maritime Reporter on June 23, 2026

Norway's players performed the "rowing", a celebration that became iconic for their fans at the World Cup, after reaching the knockout stages with a nervous 3-2 victory over Senegal. Red-clad Norwegians have done their Viking Row in stadiums, escalators, and even Times Square in New York.

New York Times Business News - June 18,

Posted to Maritime Reporter on June 18, 2026

These are the 'top stories' on the?business pages of The New York Times. These stories have not been?verified? and we cannot vouch for the accuracy of these reports. Vincent Clerc said that any deal allowing Iran to charge fees for the Strait…

The Turkish Foreign Ministry warned Russia against taking any steps that could threaten security and interests in the Black Sea

Posted to Maritime Reporter on June 16, 2026

The Turkish foreign minister said that he had spoken to his Russian counterpart on Tuesday about the importance of avoiding actions in 'the Black Sea' that threatened regional security and Turkey's interests. He also reiterated Turkey's offer as a mediator between Kyiv & Moscow.

ADNOC sold at least 30 millions barrels of crude oil in supply boost, according to sources

Posted to Maritime Reporter on June 16, 2026

Abu Dhabi National Oil Company has sold 30 million barrels of spot oil to Asian refiners and traders this month, and is offering more this week. This will boost exports in the wake of the U.S. - Iran ceasefire. The United Arab Emirates producer sold cargoes containing Das…

Wright, the Energy Secretary, says that US refiners could still absorb more Venezuelan crude oil

Posted to Maritime Reporter on June 12, 2026

Energy Secretary Chris Wright said on Friday that U.S. refiners could still process more Venezuelan heavy oil, as the South American nation's output jumped after the U.S. captured President Nicolas Maduro in January. Facilities on the Gulf Coast also made adjustments to handle higher volumes.

India alerts agencies after attacks on ships in the Gulf

Posted to Maritime Reporter on June 11, 2026

India's shipping ministry announced that it had?ordered all its agencies to be prepared for any occurrence involving Indian seafarers, or maritime interests. This follows three U.S. attacks this week on Indian-crewed tankers, one of which resulted in the death of three sailors.

EU sanctions Iranians for restricting naval traffic at Hormuz

Posted to Maritime Reporter on June 8, 2026

The European Union announced on Monday that it had imposed sanctions?on two Iranians and a unit of 'Islamic Revolutionary.Guard.Corps, for threatening?freedom of maritime traffic?in the Strait of Hormuz. Around a fifth of world oil passes through the Strait of Hormuz.

Bousso: The calm on the oil market in ROI hides many unknowns

Posted to Maritime Reporter on June 8, 2026

The largest oil supply shock since decades is now in its fourth month. There's no end in sight, as neither the U.S. or Iran appear willing to compromise. Yet the market remains surprising calm. This disconnect is a reflection of an uncomfortable…
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