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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 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…

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…

Document says US will lift Eritrea sanctions, as Red Sea tensions change alliances.

Posted to Maritime Reporter on May 5, 2026

According to a document seen by analysts, the United States will remove sanctions against Eritrea. This decision is linked to Eritrea's strategic position on the Red Sea shipping routes. Analysts said that the U.S. decision was aimed at improving relations with Eritrea which…

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 markets and the U.S.

UAE accuses Iran of attacking an empty ADNOC tanker in Strait of Hormuz

Posted to Maritime Reporter on May 4, 2026

The United Arab Emirates accused the 'Iran of attacking with drones a 'crude oil tanker that was empty and belonged to Abu Dhabi State Oil Company ADNOC as it tried to pass through Strait of Hormuz. ADNOC’s maritime energy logistic?unit stated…

Navy: Iran blocks entry of U.S. Warships in Strait of Hormuz

Posted to Maritime Reporter on May 4, 2026

According to Iranian state television, the?navy prevented enemy warships from entering the Strait of Hormuz on Monday by sending a'swift warning'. U.S. president Donald Trump announced?on Sunday that the U.S. will begin a?effort on Monday morning to free ships stranded?in the strait…

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.

Trump is not satisfied with Iran’s latest proposal to talk

Posted to Maritime Reporter on May 1, 2026

Donald Trump, the U.S. president, said he wasn't satisfied with the latest Iranian offer for talks about the Iran?war. Meanwhile the Iranian foreign minister said Tehran is ready to?engage in diplomacy? if the United States alters its approach.

Venezuelan oil exports reach highest level since 2018 with increased sales to US and India

Posted to Maritime Reporter on May 1, 2026

Venezuela's oil exports grew 14% in April to 1,23 million barrels per day, the highest level in over seven years. This was fueled by increased sales to India, Europe and the United States. Shipping data and documents provided by state-owned PDVSA were released on Friday.

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.

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…

The Australian Foreign Minister says China has agreed on cooperation in jet fuel exports

Posted to Maritime Reporter on April 29, 2026

Penny Wong, Australia's foreign?Minister, said that the Chinese government had agreed to cooperate with Australian companies on jet fuel shipments. She suggested China could relax?curbs? on exports due to supply disruptions caused by the Iran war.

Bousso

Posted to Maritime Reporter on April 28, 2026

The United Arab Emirates decision to leave OPEC is likely to have a dramatic impact on the producer group, which has been around for 65 years. It will also open the door to a price war when Gulf producers rush to regain their market share after the Iran conflict ends.

Peace hopes between the US and Iran fade after Trump cancels talks

Posted to Maritime Reporter on April 25, 2026

As a new week dawned, hopes of a diplomatic break in the U.S. and Israeli war against Iran faded. Talks to end the two-month conflict have come to a halt and neither Washington nor Tehran are willing or able soften their positions. The weekend…

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