Project Freedom Gets Off to a Troubled Start
The U.S. military said on Monday it destroyed six Iranian small boats and intercepted Iranian cruise missiles and drones as Tehran sought to thwart a new U.S. naval effort to open shipping through the Strait of Hormuz.U.S. President Donald Trump launched the operation, called Project Freedom, on Monday as he sought to wrest control of the critical waterway from Iran, which effectively closed the Strait of Hormuz after the U.S. and Israel started the conflict on February 28.U.S.
UAE Accuses Iran of Attacking Empty Oil Tanker in Strait of Hormuz
The United Arab Emirates on Monday accused Iran of attacking an empty crude oil tanker belonging to the Abu Dhabi state oil firm ADNOC with drones as it attempted to pass through the Strait of Hormuz.ADNOC's maritime energy logistics unit said the Barakah was empty when it was attacked by two drones, and no injuries were reported."The UAE further stressed the need for Iran to halt these unprovoked attacks, ensure its full commitment to an immediate cessation of all hostilities…
Trump: US Will Help Free Ships Stranded in Strait of Hormuz
President Donald Trump said on Sunday that the United States would begin an effort to free up ships stranded in the Strait of Hormuz on Monday morning.Trump, in a post on his Truth Social site, gave few details about the operation, including whether the U.S. Navy would be involved. He described the effort as a "humanitarian gesture" meant only to aid neutral countries that were not involved in the U.S.-Israeli war on Iran."For the good of Iran, the Middle East, and the United States…
Baltic Exchange Sued Over Hormuz Freight Losses
Commodity trader Mercuria is suing the Baltic Exchange, the world's top provider of benchmark shipping indices, over losses it said were caused by oil tanker pricing data that did not account for the effective closure of the Strait of Hormuz, a court filing showed.The U.S.-Israeli war with Iran, which began on February 28, has left hundreds of ships and 20,000 seafarers stranded inside the Gulf and unable to sail through the vital chokepoints with only a few ships willing to make the voyages daily.In a court filing dated April 30 and submitted through England's high court…
US Naval Blockade Hammers Iran Oil Exports, Forces Floating Storage
A U.S. naval blockade of Iranian ports has shrunk Tehran's oil exports, stranding a growing stockpile of crude on tankers as Iranian storage sites run out of space, shipping data showed and analysts said.With some vessels switching off tracking systems and U.S. forces turning back Iranian tankers, how much crude Iran is delivering to customers, particularly main customer China, is impossible to measure.Just a handful of carriers carrying Iranian crude have left the Gulf of Oman between April 13-25, oil analytics firm Vortexa said.
Iran Threatens Painful Retaliation if US Renews Attacks
Iran said on Thursday it would respond with "long and painful strikes" on U.S. positions if Washington renewed attacks, and also reasserted its control over the Strait of Hormuz, complicating U.S. plans for a coalition to reopen the waterway.Two months into the U.S.-Israeli war with Iran, the vital sea channel remains closed, choking off 20% of the world's oil and gas supplies. That has sent global energy prices surging and heightened concerns about the risks of an economic downturn.Efforts to resolve the conflict have hit an impasse…
Trump Discusses Prolonged Blockade, Urges Iran to Sign Deal
Donald Trump discussed how to mitigate the impact of a possible months-long U.S. blockade of Iran's ports with U.S. oil companies, a White House official said on Wednesday, as the U.S. president urged Tehran to 'get smart soon' and sign a deal.The talks with oil executives on Tuesday followed days of deadlock in efforts to resolve the conflict, which has led the U.S. to try to squeeze Iran's oil exports with a naval blockade to try to force it to reopen the Strait of Hormuz to shipping.Trump…
Shipping Traffic in the Strait of Hormuz Remains at a Trickle
At least six ships - a fraction of the usual traffic - have crossed the Strait of Hormuz in the past 24 hours, shipping data showed on Wednesday, while the U.S. and Iran remain deadlocked over coming to terms that would re-open the crucial waterway.The vessel traffic was mainly through Iranian waters and included the Vast Plus chemical tanker, which is subject to US sanctions, according to Kpler ship-tracking data and satellite analysis from SynMax.Most of the ships were dry bulk carriers…
Russian Superyacht Crosses Strait of Hormuz
A superyacht owned by Russian billionaire Alexey Mordashov was able to transit the blockaded Strait of Hormuz after undergoing maintenance in Dubai because neither Iran nor the United States objected, a source close to Mordashov said on Tuesday.It has been unclear how the multi-deck pleasure vessel, worth over $500 million, gained permission to sail on Saturday through the commercially important waterway at the heart of the U.S.-Iran conflict, where traffic has been severely restricted since February.Sailing under a Russian flag…
IMO: No Safe Passage Through Strait of Hormuz
IMO Secretary-General Arsenio Dominguez has called on all member states to support efforts to address the situation in the Strait of Hormuz, where around 20,000 seafarers remain trapped and unable to leave.In an informal briefing to member states and industry representatives, Dominguez confirmed that several vessels had been seized and detained in the region over the past few days. He urged maximum caution, considering potential mines present throughout the Strait and threat of further attacks on ships. “My call is to release the seafarers because they are not at fault,” he said.
US Intercepts Sanctioned Tanker in Arabian Sea
U.S. Central Command said it intercepted a merchant vessel trying to get through the blockade of Iran on Saturday.The ship, identified as the Sevan, was part of a 19-vessel "shadow fleet" transporting Iranian oil and gas products to foreign markets, the U.S. military said.Central Command said it was intercepted in the Arabian Sea by a U.S. Navy helicopter from the guided-missile destroyer USS Pinckney and was "currently complying with U.S. military direction to turn back to Iran under escort."The “shadow fleet” vessels have been sanctioned by the U.S.
Oil Prices Unstable Ahead of Uncertain US-Iran Peace Talks
Oil prices zig-zagged between negative and positive territory on Friday as traders weighed supply disruptions against the potential restart of peace talks between the U.S. and Iran that could help limit those disruptions.Prices rose 2% earlier in the day on fears of renewed military escalation in the region after Iran released footage on Thursday of commandos boarding a cargo ship in the Strait of Hormuz, and as progress stalled on re-opening the key waterway.Crude futures then…
BIMCO Warns of Hormuz Toll Scam
BIMCO’s Jakob Larsen, Chief Safety & Security Officer, warns of a potential scam from parties claiming to be Iranian authorities and demanding toll:“BIMCO has received reports of an email scam, but we are still awaiting confirmation that this was in fact a scam. The fact that ships were attacked following apparent Iranian approval to transit underscores the complexity and volatility of the current security situation.”Iran is blockading the Strait of Hormuz against what they perceive as hostile ships.
Iranian Swarms of Fast Boats Used to Seize Container Ships Add to Shipping Threats
Iran's use of a swarm of small, fast boats to seize two container ships near the Strait of Hormuz could undermine suggestions U.S. forces have disabled its naval threat and reveals the challenges facing reopening one of the world's most important oil export routes.U.S. President Donald Trump on Monday acknowledged that while Iran’s conventional navy had been largely destroyed, its "fast-attack ships" had not been considered much of a threat.He said any such vessels coming near a U.S.
Ships Seized by Iran Taken to Port
Two container ships seized by Iran near the Strait of Hormuz with about 40 crew aboard have been taken toward the port of Bandar Abbas, sources said on Thursday, Tehran having vowed to retaliate after U.S. forces seized an Iranian vessel three days earlier.Iran’s Islamic Revolutionary Guard Corps seized the ships on Wednesday, one operated by MSC, the world's biggest container shipping group, and according to three sources, the other chartered by the firm."Some 20 Iranians armed to the teeth stormed the ship.
US Intercepts Three Iranian Tankers in Asian Waters
The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday.Washington has imposed a blockade on Iran's trade by sea while Iran has fired on ships to prevent them sailing through the Strait of Hormuz waterway at the entrance to the Middle East Gulf. Nearly two months after the U.S. and Israel began their war on Iran…
Oil Prices Rise 3%, Iran Remains Undecided About Attending US Peace Talks
Oil prices pared gains on Tuesday after briefly climbing above $100 a barrel following an announcement from U.S. President Donald Trump that he was extending a ceasefire with Iran until Tehran submits a proposal.Brent crude futures were volatile, settling up about 3% on Tuesday and then climbing further to rise more than 5% to a session high of $101.15 after reports that U.S. Vice President JD Vance had called off his trip to Islamabad for peace talks with Iran.Prices later retreated…
Shipping Through Hormuz Strait Slows Again After Iranian Ship Seizure
Ships were largely avoiding the Strait of Hormuz on Monday after an escalation at the weekend in which Iran fired what appeared to be warning shots at vessels and the U.S. military seized an Iranian cargo ship.Just one ship exited the Gulf through the strait while two entered in the space of 12 hours, ship-tracking data showed on Monday, a fraction of what is usually about 130 vessels per day.The oil products tanker Nero, which is under British sanctions for Russia-related activities…
Hormuz Strait Reopens After Ceasefire Deal
Iranian Foreign Minister Abbas Araqchi said the Strait of Hormuz was open following the agreement of a ceasefire in Lebanon, while U.S. President Donald Trump said he believed a deal to end the Iran war would come "soon", although the timing remains unclear.Araqchi said in a post on X the Strait was open for all commercial vessels for the remainder of the U.S.-brokered 10-day truce between Israeli forces and Iran-backed Hezbollah agreed on Thursday between Israel and Lebanon.A…
Reliance Industries Rejects Two Iranian Oil Cargoes; US Waiver Deadline Approaches
Reliance Industries has rejected two Iranian oil cargoes as they failed to meet its compliance requirements, the Indian refiner said on Friday, just days before the expiry of a U.S. waiver that has lifted sanctions on Iranian oil exports.Last month, Washington issued 30-day waivers on U.S. sanctions allowing the purchase of Russian and Iranian oil at sea in an attempt to ease prices which soared after U.S.-Israeli strikes on Iran.Treasury Secretary Scott Bessent on Wednesday said the U.S.
Two Cruise Ships Pass Through Strait of Hormuz
TUI Cruises said on Sunday that its Mein Schiff 4 and Mein Schiff 5 ships have passed through the Strait of Hormuz.In a statement posted on its website, the company said it had obtained approvals from relevant authorities, under careful consideration of the security situation.It said the ships would now proceed swiftly to the Mediterranean Sea.The cruise operator said that all passengers had previously been brought home and both ships were operating with reduced crews.
US Seizes Iranian Cargo Ship, Tehran Vows Retaliation
Concerns grew on Monday that the ceasefire between the United States and Iran might not hold after the U.S. said it had seized an Iranian cargo ship that tried to run its blockade and Iran vowed to retaliate.Efforts to build a more lasting peace in the region likewise appeared to be on shaky ground, as Iran said it would not participate in a second round of negotiations that the U.S. had hoped to kick off before the ceasefire expires on Tuesday.The U.S. has maintained a blockade of Iranian ports…
Seized Iranian-Flagged Container Ship Had Transported Items Deemed Dual-Use by US
The Iranian-flagged container ship Touska, which was boarded and seized by U.S. forces on Sunday, is likely to have what Washington deems dual-use items that could be used by the military onboard, maritime security sources said on Monday.The small container ship, which is part of the Islamic Republic of Iran Shipping Lines (IRISL) group that has been hit with U.S. sanctions, was boarded on Sunday off the coast of Iran's Chabahar port in the Gulf of Oman and last reported its position at 1308 GMT, according to ship-tracking data on the Marine Traffic platform.The U.S.