Shipowners painted a mixed picture of their willingness to continue transiting the Strait of Hormuz in the hours after President Donald Trump said the US ceasefire with Iran is “over.”
Shipowners painted a mixed picture of their willingness to continue transiting the Strait of Hormuz in the hours after President Donald Trump said the US ceasefire with Iran is “over.”
Tankers anchored in the Strait of Hormuz, in a photo from Iran’s ISNA news agency on May 2. Photographer: Amirhossein Khorgooei/AFP/Getty Images
Iran told the United Nations’ shipping agency that it has authority over parts of the Strait of Hormuz, the waterway that’s a centerpiece of peace talks between Washington and Tehran.
Iran told the United Nations’ shipping agency that it has authority over parts of the Strait of Hormuz, the waterway that’s a centerpiece of peace talks between Washington and Tehran.
STRAIT OF HORMUZ, IRAN - MAY 16: Ships remain anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Negotiations between the U.S. and Iran over opening this critical waterway have largely stalled as the countries have rejected each other's proposals to end the war that began when the U.S. and Israel attacked Iran on February 28. (Photo by Majid Saeedi/Getty Images)
Germany’s oil stockpiling agency EBV is looking to refill strategic reserves of diesel, a move that could pile more pressure on an already tight fuel market.
Germany’s oil stockpiling agency EBV is looking to refill strategic reserves of diesel, a move that could pile more pressure on an already tight fuel market.
Italian oil company Eni SpA and commodity merchant Mercuria Energy Group Ltd. signed an agreement to join forces in trading, seeking growth in an area that has seen huge price swings and profit opportunities during the war in Iran.
Italian oil company Eni SpA and commodity merchant Mercuria Energy Group Ltd. signed an agreement to join forces in trading, seeking growth in an area that has seen huge price swings and profit opportunities during the war in Iran.
Eni has a sizable trading operation around its portfolio of gas, liquefied gas, oil and power producing assets.
Shippers can transit the Strait of Hormuz via Iranian or Omani-and US-coordinated waters, according to the International Maritime Organization, part of a broader plan to evacuate stranded vessels.
Shippers can transit the Strait of Hormuz via Iranian or Omani-and US-coordinated waters, according to the International Maritime Organization, part of a broader plan to evacuate stranded vessels.
Oil tankers and cargo vessels anchored in the Gulf of Oman.
The cost of diesel in the US fell below $5 a gallon for the first time since mid-March, offering some relief for one of the global economy’s most important fuels.
The cost of diesel in the US fell below $5 a gallon for the first time since mid-March, offering some relief for one of the global economy’s most important fuels.
A fuel pump as a driver refuels a vehicle with diesel fuel at a gas station in Seattle, Washington. Photographer: M. Scott Brauer/Bloomberg
The International Maritime Organization said it has received safety guarantees that could allow hundreds of ships to exit the Persian Gulf through the Strait of Hormuz, as it seeks to evacuate thousands of seafarers.
The International Maritime Organization said it has received safety guarantees that could allow hundreds of ships to exit the Persian Gulf through the Strait of Hormuz, as it seeks to evacuate thousands of seafarers.
Vessels anchored off Qaboos Port in Muscat, Oman, on June 19.
The International Maritime Organization said it has received safety guarantees that could allow hundreds of ships to exit the Persian Gulf through the Strait of Hormuz, as it seeks to evacuate thousands of seafarers.
The International Maritime Organization said it has received safety guarantees that could allow hundreds of ships to exit the Persian Gulf through the Strait of Hormuz, as it seeks to evacuate thousands of seafarers.
Vessels anchored off Qaboos Port in Muscat, Oman, on June 19.
Falling Rhine water levels are choking fuel shipments to parts of western Europe as a heat wave grips the region, forcing barges to sail with less than half their normal loads.
Falling Rhine water levels are choking fuel shipments to parts of western Europe as a heat wave grips the region, forcing barges to sail with less than half their normal loads.
The River Rhine in Kaub, Germany, on Tuesday, July 18, 2023. With water regularly receding to levels that impede shipping from late summer through the fall, companies up and down Europe's most important trade route are rushing to adapt, underscoring how the climate crisis is hitting even advanced industrial economies.
US Vice President JD Vance skirted questions about whether Iran will one day be able to charge fees for vessels crossing the Strait of Hormuz, a critical concern for the oil and shipping industries as well as Gulf producers as the chokepoint opens up to traffic again.
US Vice President JD Vance skirted questions about whether Iran will one day be able to charge fees for vessels crossing the Strait of Hormuz, a critical concern for the oil and shipping industries as well as Gulf producers as the chokepoint opens up to traffic again.
US Vice President JD Vance during a news conference in the James S. Brady Press Briefing Room of the White House in Washington, DC, US on Thursday, June 18, 2026. Vance told reporters that today marks the start of the 60-day period for US-Iran talks that should lead to a final agreement.
US gasoline prices dipped below $4 a gallon for the first time since March, providing welcome relief to consumers after a historic global supply disruption sent fuel costs soaring for months.
US gasoline prices dipped below $4 a gallon for the first time since March, providing welcome relief to consumers after a historic global supply disruption sent fuel costs soaring for months.
A tanker delivers fuel to a gas station in Miami. Photographer: Eva Marie Uzcategui/Bloomberg
Aliko Dangote has started work to double capacity at his huge oil refinery in Nigeria, which when finished will rival the world’s largest site and give Africa’s richest person a stronger grip of global fuel supply chains.
Aliko Dangote has started work to double capacity at his huge oil refinery in Nigeria, which when finished will rival the world’s largest site and give Africa’s richest person a stronger grip of global fuel supply chains.
A surge tank at the Dangote Industries Ltd. oil refinery and fertilizer plant site in the Ibeju Lekki district of Lagos, Nigeria, on Monday, May 22, 2023. Aliko Dangote, Africa’s richest person, announced the opening of a mega refinery in Nigeria — seven years late — to a backdrop of skepticism about how fast it will really be able to ramp up.
Gasoline could be the next petroleum product to come under intense supply pressure as the Iran war rumbles on, according to oil trading giant Vitol Group.
Gasoline could be the next petroleum product to come under intense supply pressure as the Iran war rumbles on, according to oil trading giant Vitol Group.
A driver finishes refueling a vehicle at a gas station in Columbus, Ohio.
Kuwait will consider increasing oil storage abroad to boost its ability to supply global markets after the war in the Persian Gulf blocked flows through the Strait of Hormuz, according to the head of the state energy company’s marketing arm.
Kuwait will consider increasing oil storage abroad to boost its ability to supply global markets after the war in the Persian Gulf blocked flows through the Strait of Hormuz, according to the head of the state energy company’s marketing arm.
Storage tanks for oil products. Photographer: Angel Garcia/Bloomberg
The United Arab Emirates is considering building an additional pipeline for refined products that would bypass the Strait of Hormuz and carry fuels to the country’s east coast.
The United Arab Emirates is considering building an additional pipeline for refined products that would bypass the Strait of Hormuz and carry fuels to the country’s east coast.
Oil rose by the most since early May as traders priced in signals that energy flows out of the Middle East could be curtailed further.
The Motiva Port Arthur Refinery in Port Arthur, Texas, US, on Tuesday, April 14, 2026. US natural gas futures ended lower for a fifth consecutive session, erasing earlier gains as traders weighed plunging oil prices against mixed weather outlooks.
The US affirmed that deals with Iran to safely sail through the Strait of Hormuz — even those which don’t involve paying a toll — aren’t allowed, as the conflict between the two nations grinds on.
The US affirmed that deals with Iran to safely sail through the Strait of Hormuz — even those which don’t involve paying a toll — aren’t allowed, as the conflict between the two nations grinds on.
Ships in the Strait of Hormuz near Larak Island, Iran, on May 16. Photographer: Majid Saeedi/Getty Images
Shipowners are increasingly optimistic about a pickup in traffic through the Strait of Hormuz after more vessels left the waterway this week with the US providing information to aid those making the journey.
Shipowners are increasingly optimistic about a pickup in traffic through the Strait of Hormuz after more vessels left the waterway this week with the US providing information to aid those making the journey.
Falling water levels on one of Europe’s most important rivers are restricting the amount of oil barges can carry, adding more pressure to the region’s fuel supply chains as the Iran war grinds on.
Falling water levels on one of Europe’s most important rivers are restricting the amount of oil barges can carry, adding more pressure to the region’s fuel supply chains as the Iran war grinds on.
A barge sails along the River Rhine past exposed sections of riverbed, in Germany.
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