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Japan refinery run-up to rise by over 70% with alternative supply and stockpile releases

Posted to Maritime Reporter on May 13, 2026

Data from the Petroleum Association of Japan showed that Japanese refineries processed oil at over 70% of their capacity for the first since March. This was due to crude being released from their stockpiles, and other alternative sources. Japan…

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.

Kyiv claims that the vessel carrying grain, which Ukraine believes was stolen by Russia, will not be unloaded in Israel.

Posted to Maritime Reporter on April 30, 2026

Ukraine's top prosecutor and foreign minister said Thursday that a vessel containing grain, which Ukraine claims was stolen from areas under Russian occupation, will not be unloaded in Israel. This came after Kyiv asked Israel to seize this cargo.

Media report that a vessel carrying grain stolen from Ukraine by Russia will not unload in Israel

Posted to Maritime Reporter on April 30, 2026

Israeli media reported on Thursday that a vessel carrying grain that Ukraine claims was stolen by Russia will not unload its cargo in Israel. Kyiv had asked Israel to seize the cargo. The Jerusalem Post, among other outlets, cited a Grain Importers…

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…

Ukraine reveals'stolen grain' from Russia during a call with Israel

Posted to Maritime Reporter on April 15, 2026

Andrii Sybiha, Ukrainian Foreign Minister, held a phone call with his Israeli counterpart Gideon Sa'ar in order to discuss the Russian vessel that he said was carrying grain'stolen' from Ukraine and docked at an Israeli port. Kyiv believes that…

Ukraine asks Israel for seizure of vessel carrying grain it claims is stolen by Russia

Posted to Maritime Reporter on April 29, 2026

Ukraine's top prosecutor said that Israel should seize the vessel which was carrying grain it claims to have stolen from Russian-occupied areas, on Wednesday. The shipment had sparked diplomatic tensions between the two countries. On Tuesday, Israel and Ukraine traded accusations.

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.

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…

Lavrov, the Russian Foreign Minister, discussed the Strait of Hormuz (the Strait of Hormuz) with Iran's Foreign Minister

Posted to Maritime Reporter on April 2, 2026

The Russian foreign ministry reported that Russian Foreign Minister Sergei Lavrov discussed safety of navigation through the Strait of Hormuz with Iran's Foreign minister Abbas Araghchi by telephone on Thursday. The statement posted on the website…

Damaged Russian LNG Tanker Breaks Free from Tow Off Libya

Posted to Maritime Reporter on April 2, 2026

The Libyan Ports and Maritime Transport Authority reported that a Russian liquefied gas (LNG), tanker allegedly damaged in a suspected 'Ukrainian attack on the Mediterranean, sprang free in a storm while being towed by a Libyan tugboat. According to the Tripoli-based authority…

Saudi Aramco, Sonatrach and other LPG suppliers raise LPG prices by 38% to 80% in April.

Posted to Maritime Reporter on April 1, 2026

Due to a limited global supply, Saudi Arabia's Saudi Aramco and Algeria's Sonatrach raised their official'selling prices' for liquefied petrol gas by between 38% and 80% in April. The Middle East war has caused the biggest energy crisis in decades. Global prices have risen to record highs.

Drone strikes tanker with Russian oil in Black Sea near Turkey

Posted to Maritime Reporter on March 26, 2026

The Turkish transportation minister confirmed that a drone had struck a crude oil tanker from Turkey, which was leaving Russia. This caused an explosion near the Bosphorus Strait in Istanbul's Black Sea. Abdulkadir Uraloglu, the minister of transportation…

NTV reports that a drone hit a Turkish crude oil tanker near the Bosphorus Strait.

Posted to Maritime Reporter on March 26, 2026

NTV reported that a Turkish crude oil tanker named the "Altura" was struck by a drone about '15 nautical miles (28 km) from Istanbul in the Bosphorus Strait. Its 27 crew members were unharmed. According to data from ship tracking, the vessel…

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.

Source in India says Iran will allow tankers with Indian flags to pass through Strait of Hormuz

Posted to Maritime Reporter on March 12, 2026

An?Indian source? said that Iran would?allow India flagged tankers to pass through the Strait of?Hormuz. Through this route, 40% of India's crude oil imports go, a?source? based in India denied the agreement. The Indian foreign ministry and…

Kremlin: Iran hasn't requested Russian weapons supplies

Posted to Maritime Reporter on March 5, 2026

The Kremlin confirmed on Thursday that Iran has not approached Moscow to request?arms supplies. Russia condemned U.S. - Israeli strikes and demanded an immediate ceasefire. Iran signed a strategic partnership agreement with Moscow last year.

Putin says Russia could cut off gas supplies to European markets immediately

Posted to Maritime Reporter on March 4, 2026

On Wednesday, Russian President Vladimir Putin said that Russia could halt gas supplies to European markets and?move on to other more lucrative markets. According to EU officials and a document seen, the European Commission will present a proposal on April 15 to ban Russian oil imports permanently.

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…
Trite but true, the path to decarbonization has no ā€˜silver bullet’ solution.
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