Usa News

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…

European Union countries agreed on Friday to keep pushing for a global price on shipping's CO2 emissions in U.N. talks next week, setting up another potential clash with the United States over the proposal.Governments at the International Maritime Organization decided last year to postpone the climate plan by a year, after the Trump administration strongly opposed the measure and threatened to impose sanctions and visa restrictions on delegates who supported it.That has not stopped European countries attempting to revive the plan…

China conducted military drills recently including live-fire exercises in waters east of the Philippines' Luzon Island, it said on Friday, as Manila and Washington host annual drills that extend towards disputed areas of the South China Sea.Over 17,000 troops from the U.S., the Philippines and allies began their annual Balikatan military exercises this week, with combat troops from Japan joining for the first time amid persistent strains between Tokyo and Beijing.The Chinese military's…

U.S. Coast Guard Cutter Resolute’s crew offloaded approximately 2,570 pounds of cocaine worth more than $19.3 million and transferred six suspected drug smugglers to federal authorities, Thursday, at Base Miami Beach.The seized contraband was the result of three interdictions in the Caribbean Sea by the crew of the Coast Guard Cutter Tahoma and the crew of the USS Billings with an embarked Coast Guard law enforcement detachment.The following assets and crews were involved in the interdiction operations:USCGC TahomaUSS BillingsCoast Guard Helicopter Interdiction Tactical SquadronU.S.

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…

Lockheed Martin has been awarded a contract to integrate the Patriot missile, an Army missile interceptor, into the U.S. Navy's Aegis combat system, a milestone the company said on Tuesday marks the first time the weapon will be fielded at sea.Reuters was first to report in October 2024 that the Navy was moving forward with plans to arm its vessels with Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptors, driven by fears that China would deploy hypersonic…

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…

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.

Western Illinois University announced the formal establishment of the Corn Belt Ports Rural Logistics & Maritime Training & Education Consortium, a multi-state collaboration designed to strengthen the inland maritime workforce and support economic growth across the Midwest.The Consortium brings together a broad network of institutions of higher education from Illinois, Iowa, Missouri, and Wisconsin, located along the Upper Mississippi and Illinois Rivers, including WIU, Black Hawk College…

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…

Reopened Middle East shipping and plummeting oil prices on Friday boosted bets the Federal Reserve may begin cutting interest rates as soon as December, but its policymakers still face a tangled outlook ahead of their April 28-29 meeting.Iran's announced reopening of the Strait of Hormuz pushed oil below $90 a barrel for the first time in more than five weeks, but U.S. central bank officials will now need to assess how much damage the seven-week conflict has done to underlying price trends…

The U.S. Coast Guard announced that the first two Arctic Security Cutters will be homeported in the State of Alaska. Anticipating delivery of the first Arctic Security Cutters by the end of 2028, the Coast Guard has begun planning to ensure necessary infrastructure and support are in place to receive two icebreakers. Ensuring these vessels are supported by trained and ready crews, and ready homeport facilities including housing, will be essential to delivering full, enduring operational…

As the United States embarks on clearing mines from the Strait of Hormuz, it could draw on an arsenal of drones, explosive‑laden robots and helicopters to reduce risks, though de‑mining crews could still be vulnerable to Iranian attacks.The U.S. is trying to secure the strait from mines as part of efforts to end Iran's disruption of shipping, which has severely curbed global energy supplies since the U.S. and Israel launched strikes against Iran at the end of February.But while the U.S.

U.S. import prices increased less than expected in March, though the trend still pointed to firming imported inflationary pressures as the Middle East conflict boosts oil prices and snarls supply chains.Economists shrugged off the report from the Labor Department on Wednesday and said they expected the oil price surge from the U.S.-Israeli war with Iran to show in April's import price data."The less-than-expected increase in import prices most likely reflects timing differences between when the oil that entered U.S.

A cargo of liquefied natural gas from Russia's Portovaya plant on the Baltic Sea that is under U.S. sanctions is on its way to India, LSEG shipping data showed on Wednesday.If it reaches its destination, it would be the first such delivery to India since U.S. President Donald Trump last year said Prime Minister Narendra Modi had assured him India would stop buying Russian energy.India has never publicly confirmed any such pledge and has said its buying decisions are guided by price, supply security and consumer interests.

Wall Street stock indexes edged up, oil prices tumbled and the dollar's safe haven appeal waned on Tuesday as investors looked past a U.S. blockade on Iran's ports to the prospect of an eventual resolution to the conflict.Negotiating teams from the U.S. and Iran could return to Islamabad this week, four sources said, days after talks - held at the highest level between the two sides since the 1979 Islamic Revolution - ended in the Pakistani capital without a breakthrough.U.S.

Zinus Power LLC has announced that it has been awarded a contract by the Connecticut Port Authority to support the initiatives of the New London State Pier Shore Power Project.Zinus’ deliveries will introduce extended shore power capabilities and connections to vessels through battery-powered mobile shore power cable management systems. Delivery is scheduled for late Q4 2026.As part of Zinus’ commitment to domestic value creation, this contract marks the first project with assembly in the United States.

U.S. President Donald Trump warned on Monday that any Iranian "fast-attack" ships that go near a U.S. maritime blockade on Iran would be eliminated.Trump made the threat shortly after the U.S. blockade on vessels entering and departing Iran had been due to come into effect at 1400 GMT on Monday.Describing Iran's navy as "completely obliterated" during the six-week-long war between the U.S. and Iran, Trump posted on Truth Social: "What we have not hit are their small number of…

Port Tampa Bay welcomed a container vessel Thursday that set a new record for carrying capacity at the port. The ZIM Canada docked with 11,900 twenty-foot equivalent units (TEUs), nearly 2,000 more than any vessel previously handled at the port. The arrival underscores the port’s growing role in handling larger, high-capacity container ships and highlights the importance of ongoing infrastructure investments.The ship, stretching 1,083 feet and measuring 158 feet wide, carries enough containers that…

U.S. Rep. Kathy Castor joined Port Tampa Bay leadership to announce $10 million in federal funding to support the Tampa Harbor Navigation Improvement Project, an investment that will enhance navigation safety, expand cargo capacity and strengthen supply chains across Florida.The funding included $3 million secured by Rep. Castor through Fiscal Year 2026 community project funding requests to advance Phase 1 planning, engineering and design. In addition, Rep. Castor led the Florida Congressional Delegation in securing $7 million in general-use funding through the U.S.

Ports of Indiana-Burns Harbor celebrated the start of the 2026 international shipping season Saturday with the arrival of the Ocean7 Ranger. The ocean vessel completed a 52-day voyage carrying equipment for facility improvements at U.S. Steel Gary Works, the largest integrated steel mill in North America.The 2026 opening of the St. Lawrence Seaway to ocean vessels marked one of the shortest winter closures in history, totaling just 69 days from Jan. 12 until March 22.To commemorate the occasion…

Port Milwaukee welcomed the Marshall Islands-flagged Federal Nagara as the first vessel of the 2026 international season on Friday, April 3.The Federal Nagara arrived at the Logistec terminal to unload specialty steel products following its transit through the St. Lawrence Seaway from Spain and Belgium, where it was loaded. The St. Lawrence Seaway locks opened for the season on March 22, connecting the Great Lakes to the Atlantic Ocean. The St. Lawrence Seaway is a binational system…

Shippers said on Wednesday they needed more clarity on the terms of the U.S.-Iran ceasefire before resuming transit through the Strait of Hormuz, as Iran issued fresh warnings about any vessels attempting to sail through the waterway.The six‑week conflict had brought traffic through the strait - a chokepoint for about 20% of global oil and liquefied natural gas (LNG) shipments - close to a standstill, pushing global energy prices sharply higher.Iran said it would offer safe passage in coordination with its armed forces…