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US asks for international assistance to reopen Strait of Hormuz amid a surge in crude oil prices

Posted to Maritime Reporter on April 30, 2026

According to a cable from the State Department, the U.S. is pushing other countries to create an international coalition in order to restore freedom of movement in Strait of Hormuz. This comes as oil prices have risen to their highest level…

TotalEnergies' CEO said that the company made Middle East oil mega trades in February after it noticed the US Navy building up in Gulf.

Posted to Maritime Reporter on May 28, 2026

TotalEnergies, the French oil major, bought large quantities of Middle East crude in march after its traders saw the U.S. Navy assembling ships near the Gulf in early February. Our oil traders, who are doing their jobs, noticed the U.S. Navy massing ships in the Persian Gulf during February.

Special Report: Inside the unraveling U.S. Diplomacy under Trump

Posted to Maritime Reporter on May 21, 2026

A European diplomat in Washington demanded an answer from the U.S. government when Donald Trump said on April 7 to Iran that "a civilization will die tonight." The diplomat was concerned about the possibility of the president using a nuclear weapon.

Bousso: The clock on the oil market is ticking, as a supply crunch is looming.

Posted to Maritime Reporter on May 21, 2026

Oil industry showed remarkable resilience when faced with the biggest?energy shock in modern times, pulling many levers to soften the blow from the Iran War. The global market could be months away from breaking point if there is no breakthrough in peace talks.

Bousso: The petrodollar is put to the test by opaque oil deals around Hormuz

Posted to Maritime Reporter on May 18, 2026

The U.S.-dominated global oil trade system is under pressure from the Iran War and the closing of the Strait of Hormuz. Governments in major consumers nations are turning to opaque deals with Gulf producers and Tehran to secure their?supplies.

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…

Trump broke OPEC. He may regret it: Bousso

Posted to Maritime Reporter on May 5, 2026

OPEC has been weakened more than anyone could have imagined just a few months ago by the military actions of U.S. president Donald Trump in Venezuela and Iran. White House may see this as a big win, but ultimately it could hurt both the U.S. energy market and the U.S.

Report: South Korea checks whether vessel with Korean flag struck in Hormuz.

Posted to Maritime Reporter on May 4, 2026

Yonhap News reported on Monday that South Korea was verifying information indicating a vessel flying the flag of South Korea had been attacked in Strait of Hormuz. A spokesperson from South 'Korean shipper HMM said that a fire broke out in the engine room of one its bulk carriers…

Trump: US may restart Iran attacks 'if they misbehave.'

Posted to Maritime Reporter on May 2, 2026

Donald Trump, the U.S. president, said that he had been informed about a possible deal with Iran but was awaiting the precise wording. He also warned of the possibility of resuming military strikes against the country in the event of Tehran's misbehavior.

Iran offers Strait Deal; Trump is not satisfied but prefers a non-military route

Posted to Maritime Reporter on May 2, 2026

A senior Iranian official said on Saturday that a proposal from Iran, which has been rejected by U.S. president Donald?Trump so far, would end the U.S. ban on Iran and open the Strait of Hormuz to shipping. Talks on Iran's nuclear program could be held later.

Iran Threatens a painful response if US renews its attacks

Posted to Maritime Reporter on April 30, 2026

Iran announced on Thursday that it would respond to any new attacks by Washington with "long, painful'strikes'" and reasserted control over the Strait of Hormuz. This complicates U.S. plans to form a coalition in order to reopen this?waterway.

Barclays expects UAE to increase oil production after it leaves OPEC

Posted to Maritime Reporter on April 29, 2026

Barclays said late Tuesday that the United Arab Emirates' decision not to join OPEC would result in a faster growth of oil -supply from the country, as it 'comes out?of?the current crisis. Barclays said late Tuesday that the United Arab Emirates…

Trump says Iran is 'figuring its leadership out' after he rejects the latest peace proposal

Posted to Maritime Reporter on April 28, 2026

The efforts to end the Iran conflict came to a standstill on Tuesday, with U.S. president Donald?Trump unsatisfied with the latest offer from Tehran. He said that Tehran had told the U.S. they were in a state of collapse and trying figure out their leadership situation.

Data shows that shipping traffic through Hormuz is still low, despite the absence of any US-Iran agreement.

Posted to Maritime Reporter on April 27, 2026

Shipping data revealed a lull in activity over the last few days. However, the talks between Iran and the United States are still stalled. According to data from Kpler, and a separate satellite analysis by 'data analytics specialists SynMax'…

Bousso: The war between Iran and the US has handed OPEC's top producer to America.

Posted to Maritime Reporter on April 27, 2026

The U.S. is taking steps to protect the global economy against the oil crunch caused by the?Iran war. This includes boosting exports and easing sanctions selectively, as well as tapping into strategic reserves. Washington's reputation may suffer in some circles…

Bousso: The war between Iran and the US has handed OPEC's top producer to America.

Posted to Maritime Reporter on April 27, 2026

The U.S. intervened to protect the global economy against the oil crunch caused by the Iran War by boosting exports and?selectively relaxing sanctions, as well as tapping strategic reserves. Washington's reputation may suffer in some circles…

Italy is ready to deploy 2 minesweepers on the Hormuz Strait according to navy chief

Posted to Maritime Reporter on April 23, 2026

The chief of the navy's staff said that Italy was ready to send up to four vessels, including minesweepers as part of an international effort to clear the Strait of Hormuz. Last week, European leaders met in Paris to discuss a multi-national effort to protect shipping along the Strait of Hormuz.

Bousso

Posted to Maritime Reporter on April 23, 2026

In the past decade, we have seen a rapid series of energy crises around the world, fueled by extreme weather, military conflict and supply chain snarls. The highly interconnected oil and natural gas markets are fragmenting and the transition to a low-carbon economy is accelerating.

Three vessels struck by gunfire on Strait of Hormuz; crews are safe

Posted to Maritime Reporter on April 22, 2026

According to maritime security'sources' and United Kingdom Maritime Trade Operations (UKMTO), at least three container ships were hit by gunfire on Wednesday in the Strait?of?Hormuz. Iran has placed restrictions on the use of the Strait by ships, initially in retaliation to the U.S.

Executives say that Asian shipowners will cross the Hormuz first before Western companies.

Posted to Maritime Reporter on April 22, 2026

Shipping executives at the FT 'Commodities - Global Summit on Wednesday said that Asian ship owners - who have a greater risk tolerance - may soon begin sailing through the Strait of Hormuz, despite a fragile ceasefire between the U.S. and Iran.
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