Global oil and gas markets have seen prices fall after a US-Iran peace deal was confirmed, potentially reopening the Strait of Hormuz. Brent crude dropped to $83 a barrel and gas prices fell 6%, easing fears of severe economic consequences.
Three tankers, including one with an Indian crew, were struck by US forces in the Strait of Hormuz this week. Three Indian sailors died on MT Settebello, which the US claims violated its blockade of Iranian ports. India has condemned the attacks and summoned the US Charge d'affaires.
Delhi's water tankers are losing thousands of litres daily due to leakages from valves, joints, and overflow points. This wastage occurs from filling stations to delivery points, exacerbating water scarcity for residents who rely on these tankers for basic needs.
The US military has struck three tankers in the Gulf of Oman over three days, resulting in at least three Indian sailor deaths. The US Central Command claims the vessels violated a blockade of Iranian ports, while India condemns the attacks and summons the US embassy deputy head.
Iran has announced the complete closure of the Strait of Hormuz to all oil tankers and commercial ships in response to recent US strikes. The move, which threatens global energy supplies, escalates tensions between the two nations and jeopardizes ongoing peace negotiations.
Iran's Khatam al-Anbiya military headquarters announced the closure of the Strait of Hormuz to oil tankers and commercial vessels, threatening to open fire on any ship attempting to pass, following new US raids on Iran. Oil prices rose by approximately $2 per barrel.
Donald Trump announced a "secret mission" where the US military allegedly helped over 200 commercial ships move millions of barrels of oil through the Strait of Hormuz, defying Iran's blockade. Details remain scarce, with independent verification challenging.
Donald Trump claims a "secret mission" by the US military escorted over 100 million barrels of oil through the Strait of Hormuz last month. He made the assertion on his Truth Social platform.
EU naval vessels in Operation IRINI can now detain foreign tankers suspected of transporting Russian oil to curb funding for its military operation in Ukraine, announced EU foreign policy chief Kaja Kallas.
Aviation leaders gather in Rio for the Iata AGM as the industry faces high jet fuel prices (over $140/barrel) despite no current shortage in Europe, with costs impacting airlines and potential for consolidation.
Tankers are using stealth tactics to exit the Strait of Hormuz, freeing trapped oil amid the Iran war. This "going dark" practice, common for evading sanctions, makes market flows harder to gauge, though "oil on water" levels suggest outflows are increasing.
Asian nations are prioritizing fuel needs over security risks associated with Russian oil imports, driven by high energy prices and supply disruptions. India's imports have surged, and Indonesia plans to import significant volumes from Russia.
A source reported that three Russian oil tankers were attacked by Ukrainian surface drones in Turkey's exclusive economic zone between May 28-29. The attacks, which have resumed after diplomatic intervention, indicate Ukraine's intent to operate outside the recognized conflict zone, raising the threat level for Black Sea navigation.
Ambrey, a UK maritime security firm, reported that resumed Ukrainian attacks on tankers transporting Russian hydrocarbons within Turkey's exclusive economic zone jeopardize international navigation in the Black Sea, with threats assessed as elevated through the summer.
Roscosmos confirmed it will return US astronaut Mark Vande Hei to Earth on March 30 as planned, despite media doubts amid sanctions over Ukraine. Russia's Bank of Russia suggested Mastercard and Visa leave the market, while Finland's president offered to mediate dialogue with Russia.
Israel expresses alarm and anger over a potential US-Iran deal negotiated by Donald Trump, which follows a pre-emptive war launched in February. Critics in Israel, including Nahum Barnea and Ben Caspit, condemn the deal and Prime Minister Netanyahu's strategy, fearing it will empower Iran and potentially accelerate its nuclear program.
The IRGC reported that 35 vessels, including oil tankers and container ships, transited the Strait of Hormuz in the past 24 hours, coordinated and secured by its naval forces, ensuring a safe maritime route amid regional tensions.
Man Desh region in Maharashtra faces severe water scarcity, forcing the elderly to trek for water as younger generations migrate. Officials are deploying tankers, but reservoir levels are critically low, with forecasts of reduced rainfall.
The UK's Global Partnerships conference highlighted the aid sector's crisis, with large charities criticized for hoarding power and funds, hindering localization efforts. Experts call for a new model channeling resources directly to local actors.
Iran confirmed allowing 26 vessels to transit a key strait, coinciding with the exit of three VLCCs carrying 6 million barrels of oil. Analysts await confirmation if this signals a broader trend.
An AI-powered detection network called WhaleSpotter has launched in San Francisco Bay to track whales day and night, alerting mariners to slow down or reroute. This initiative aims to reduce whale deaths, particularly from ship strikes, amid an alarming rise in gray whale fatalities linked to climate change.
Two Chinese oil tankers carrying 4 million barrels of crude have departed the Strait of Hormuz after over two months. This comes as US officials claim a deal to end the US-Iran conflict is imminent, though experts warn oil prices may remain high.
Two Chinese oil tankers carrying 4 million barrels of crude have exited the Strait of Hormuz after over two months. This occurs as the US president claims a deal to end the US-Israel war on Iran is imminent, while Iran warns of regional spillover from any new attacks.
The US blockade is forcing Iran to store oil and petrochemical products on old tankers in the Persian Gulf, with 39 vessels now stranded. This indicates the blockade's effectiveness in cutting off Iran's oil revenue.
