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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.
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May 7, 2026
Taiwan conducted the first torpedo firing of its domestically-developed submarine. This is a significant milestone in a project that aims to strengthen deterrence and protect vital sea lanes if war breaks out. Taiwan, which China claims to beā¦
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May 6, 2026
EDP Renewables will continue to invest in the United States, despite the recent decision by the company to withdraw from offshore wind. This was revealed on Wednesday by CEO Miguel Stilwell de Andrade. He said EDPR would maintain the 'plannedā¦
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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.
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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.
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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.
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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.
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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 levelā¦
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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 Emiratesā¦
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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.
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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.
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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'ā¦
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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 circlesā¦
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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 circlesā¦
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April 23, 2026
Cubans began this week to reap the benefits of a recent 100,000-metric-ton delivery of Russian crude oil. This is a temporary lifeline to the 'energy starved nation' and it was the first large shipment of oil to arrive on the island since early this year when the United States cut off the fuel.
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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.
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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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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.
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April 20, 2026
Shipping data revealed that an oil tanker was heading to South Korea's HD Hyundai Oilbank, after passing the Strait of Hormuz. Kpler data showed that the Malta-flagged Odessa sailed through the strait in April 2013, but it did not specify where the tanker loaded its oil.
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April 20, 2026
These are the top business stories from the New York Times. These?stories have not been?verified' and?the?New York Times cannot vouch for the accuracy of these stories. After two months of war, sales in the Persian Gulf countries have plummeted. Chris Wright, U.S.
