A major US attack on the island that exports the bulk of Iran’s crude is raising fears of more widespread supply disruptions in the region, further straining oil and gas markets already in upheaval after two weeks of war in the Middle East.
A major US attack on the island that exports the bulk of Iran’s crude is raising fears of more widespread supply disruptions in the region, further straining oil and gas markets already in upheaval after two weeks of war in the Middle East.
Oil facilities on the Kharg Island in 2016. Photographer: Morteza Nikoubazl/NurPhoto/AP Photo
Iron ore shipments are being disrupted by the worsening conflict in the Middle East, with some cargoes diverted mid-voyage to East Asia as war chokes one of the world’s most critical shipping lanes.
Iron ore shipments are being disrupted by the worsening conflict in the Middle East, with some cargoes diverted mid-voyage to East Asia as war chokes one of the world’s most critical shipping lanes.
A bulk carrier signaled it was Chinese-owned as it transited the Strait of Hormuz this week, highlighting how vessels are trying to ensure safe passage through the waterway during the war in the Middle East.
A bulk carrier signaled it was Chinese-owned as it transited the Strait of Hormuz this week, highlighting how vessels are trying to ensure safe passage through the waterway during the war in the Middle East.
The Iron Maiden was seen switching its destination signal to "CHINA OWNER" while exiting the Strait of Hormuz early Thursday.
Iron ore rose as China renewed a pledge to tackle overcapacity in its world-leading steel sector and set a widely anticipated economic growth target for the year ahead.
Iron ore rose as China renewed a pledge to tackle overcapacity in its world-leading steel sector and set a widely anticipated economic growth target for the year ahead.
A freight train carrying iron ore travels towards Port Hedland, Australia, on Tuesday, March 19, 2019. A two-day drive from the nearest big city, Perth, Port Hedland is the nexus of Australia’s iron-ore industry, the terminus of one of Australia’s longest private railways that hauls ore about 400 kilometers (250 miles) from the mines of BHP Group and Fortescue Metals Group Ltd. The line ran a record-breaking test train weighing almost 100,000 tons that was more than 7 kilometers long in 2001, and even normal trains haul up to 250 wagons of ore. Photographer: Ian Waldie/Bloomberg
Authorities in China have asked steel mills in the north to temporarily curb operations to help reduce pollution during key annual government meetings in March.
Authorities in China have asked steel mills in the north to temporarily curb operations to help reduce pollution during key annual government meetings in March.
A worker walks past molten steel at a steel factory in China.
Iron ore retreated for a third day as increasing Chinese stockpiles and higher-than-expected output from Brazilian miner Vale SA added to concerns about oversupply.
Iron ore retreated for a third day as increasing Chinese stockpiles and higher-than-expected output from Brazilian miner Vale SA added to concerns about oversupply.
A stockpile of iron ore. Photographer: Ian Waldie/Bloomberg
BHP Group could face up to $2 billion hit from pricing pressures after China restricted its Jimblebar iron ore, as discounts widen and lump premiums collapse, according to Goldman Sachs Group Inc.
BHP Group could face up to $2 billion hit from pricing pressures after China restricted its Jimblebar iron ore, as discounts widen and lump premiums collapse, according to Goldman Sachs Group Inc.
A third-party agent of Singapore’s sovereign wealth fund has paid a 120.6 million won ($82,328) fine for so-called naked short selling, the Straits Times reported, citing documents by South Korean regulators.
A third-party agent of Singapore’s sovereign wealth fund has paid a 120.6 million won ($82,328) fine for so-called naked short selling, the Straits Times reported, citing documents by South Korean regulators.
BHP Group’s iron ore discounts following Chinese pressure are “optical, temporary and economically bounded” and don’t reflect a decline in the mining giant’s pricing power, according to RBC Capital Markets.
BHP Group’s iron ore discounts following Chinese pressure are “optical, temporary and economically bounded” and don’t reflect a decline in the mining giant’s pricing power, according to RBC Capital Markets.
Iron ore sank for a fifth day on concerns about oversupply, as Beijing confirmed a substantial drop in steel output, the inaugural cargo from a major new mine in Africa arrived in China, and port stockpiles expanded.
Iron ore sank for a fifth day on concerns about oversupply, as Beijing confirmed a substantial drop in steel output, the inaugural cargo from a major new mine in Africa arrived in China, and port stockpiles expanded.
Heavy rainfall in northeast Australia has triggered floods that are hampering mine operations and disrupting supplies of metallurgical coal in the region.
Heavy rainfall in northeast Australia has triggered floods that are hampering mine operations and disrupting supplies of metallurgical coal in the region.
A stacker-reclaimer at the Newcastle Coal Terminal in Newcastle, Australia, on Tuesday, April 22, 2025. The coal region of the Hunter is now grappling with the energy transition. Photographer: Brendon Thorne/Bloomberg
China’s state-owned iron ore trader is checking on Jimblebar stockpiles held by some steel mills at Chinese ports, a sign that restrictions on the ore mined by BHP Group could be partially lifted.
China’s state-owned iron ore trader is checking on Jimblebar stockpiles held by some steel mills at Chinese ports, a sign that restrictions on the ore mined by BHP Group could be partially lifted.
Stockpiles of metal ore in Ningbo, China. Bloomberg
Iron ore’s robust start to the year continues to highlight what many observers deem to be a persistent mismatch between market pricing and conditions on the ground.
Iron ore’s robust start to the year continues to highlight what many observers deem to be a persistent mismatch between market pricing and conditions on the ground.
China’s steel exports surged to an all-time high in December, rounding off a record year in which overseas shipments defied mounting trade pressures and expectations of a slowdown.
China’s steel exports surged to an all-time high in December, rounding off a record year in which overseas shipments defied mounting trade pressures and expectations of a slowdown.
A bulk carrier laden with BHP Group’s Jimblebar iron ore has discharged in China after weeks idling offshore, in a rare case of a trader pressing ahead with restricted cargoes despite an ongoing pricing dispute.
A bulk carrier laden with BHP Group’s Jimblebar iron ore has discharged in China after weeks idling offshore, in a rare case of a trader pressing ahead with restricted cargoes despite an ongoing pricing dispute.
A bulk carrier with restricted BHP iron ore recently discharged and left China
BlueScope Steel Ltd. shares slipped after it turned down the latest takeover approach from the US’s Steel Dynamics Inc., arguing an $8.8 billion joint offer with Australian conglomerate SGH Ltd. “very significantly” undervalued its assets.
BlueScope Steel Ltd. shares slipped after it turned down the latest takeover approach from the US’s Steel Dynamics Inc., arguing an $8.8 billion joint offer with Australian conglomerate SGH Ltd. “very significantly” undervalued its assets.
Slit steel coil rolls at BlueScope Steel Ltd. Port Kembla steelworks in Port Kembla, Australia, on Friday, Feb. 9, 2024. The world's two biggest miners, BHP Group Ltd. and Rio Tinto Group, are teaming up in a bid to develop Australia's first electric-smelting furnace, in what could prove an important step toward slashing emissions in the steel-making process.
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