Iran and Oman Reach Agreement on Registration Procedures for Safe Shipping Lanes in the Strait of Hormuz
On October 7, Iranian Foreign Ministry spokesperson Baghaei confirmed that Iran and Oman have reache...
EIA expects Brent crude oil prices to average $84 per barrel in 2027
On October 6, the U.S. Energy Information Administration released the October edition of its Short-T...
Monthly Salary of Tanker Captains in the Strait of Hormuz Rises to as High as $100,000
On October 7, security risks for commercial vessels in the Strait of Hormuz and the Persian Gulf con...
Track Laying Completed on the Entire Chabahar–Zahedan Railway in Iran
On September 24, track laying was completed on the Chabahar–Zahedan Railway in Iran, and the project...
Only 14 Commodity Ships Transited the Strait of Hormuz Over the Weekend
Ship tracking data released on September 14 shows that over the weekend of September 12-13, a total ...
U.S. Average Diesel Retail Price Tops $6 per Gallon for First Time on September 11
The U.S. average retail price of diesel surpassed $6 per gallon for the first time on September 11, ...
Iran War Disrupts Middle East Supply, Americas Crude Exports Hit Record 11.7 Million Barrels Per Day
Six months after the outbreak of the Iran war and the closure of the Strait of Hormuz, oil producers...
Global Gas Report: 2026 Trade Volume Expected to Decline by 7 Billion Cubic Meters
Rystad Energy, the International Gas Union, and Italian gas group Snam have jointly released the Glo...
UK Maritime Trade Operations: Strait of Hormuz vessel traffic down about 90% from pre-conflict levels
The UK Maritime Trade Operations (UKMTO) assesses that, despite a brief recovery in transits in late...
Iran Issues New Rules for Transiting the Strait of Hormuz
On August 23, the Persian Gulf Strait Authority (PGSA) of Iran adjusted its management measures for ...
Iran Discovers Over 7.5 Trillion Cubic Feet of Natural Gas Resources
On August 23, Iran's Oil Minister Mohsen Paknejad stated that the country has discovered a new natur...
Freightos: Canal Restrictions to Bring Surcharges of Up to $1,000 in Mid-September
Freightos' latest analysis shows that the container shipping market is simultaneously under multiple...