Iran has been moving its crude through the Strait of Hormuz at rates broadly comparable to transit before the war began, making the most of its control of the vital waterway as other exporters falter.
Iran has been moving its crude through the Strait of Hormuz at rates broadly comparable to transit before the war began, making the most of its control of the vital waterway as other exporters falter.
In this March 17 satellite image of Iran's Kharg Island, three ships can be seen docked at the oil-export hub's terminal in the lower right.
Iran has been moving its crude through the Strait of Hormuz at rates broadly comparable to transit before the war began, making the most of its control of the vital waterway as other exporters falter.
Iran has been moving its crude through the Strait of Hormuz at rates broadly comparable to transit before the war began, making the most of its control of the vital waterway as other exporters falter.
In this March 17 satellite image of Iran's Kharg Island, three ships can be seen docked at the oil-export hub's terminal in the lower right.
US President Donald Trump is desperate to reopen the Strait of Hormuz to ease a growing global energy crisis. He won’t achieve that easily without a ceasefire in the war on Iran.
US President Donald Trump is desperate to reopen the Strait of Hormuz to ease a growing global energy crisis. He won’t achieve that easily without a ceasefire in the war on Iran.
The Indian vessel 'Nanda Devi,' carrying liquefied petroleum gas (LPG), arrives at Vadinar Port in the Jamnagar district of Gujarat state on March 17, 2026, after being allowed pass through the Strait of Hormuz.
A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — even as the US seeks to assert control.
A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — even as the US seeks to assert control.
A Hong Kong-owned bulk carrier has just entered the Persian Gulf via the Strait of Hormuz, a rare occurrence at a time when only a handful of vessels are safely transiting the waterway, most of them with Iran’s approval.
A Hong Kong-owned bulk carrier has just entered the Persian Gulf via the Strait of Hormuz, a rare occurrence at a time when only a handful of vessels are safely transiting the waterway, most of them with Iran’s approval.
Bulk carrier Jia Xiang Da was seen transiting the Strait of Hormuz. By Tuesday morning it was in the Persian Gulf.
A Hong Kong-owned bulk carrier has just entered the Persian Gulf via the Strait of Hormuz, a rare occurrence at a time when only a handful of vessels are safely transiting the waterway, most of them with Iran’s approval.
A Hong Kong-owned bulk carrier has just entered the Persian Gulf via the Strait of Hormuz, a rare occurrence at a time when only a handful of vessels are safely transiting the waterway, most of them with Iran’s approval.
Bulk carrier Jia Xiang Da was seen transiting the Strait of Hormuz. By Tuesday morning it was in the Persian Gulf.
A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — even as the US seeks to assert control.
A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — even as the US seeks to assert control.
A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — even as the US seeks to assert control.
A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — even as the US seeks to assert control.
Iran is making the most of its geographic advantage in the Strait of Hormuz, forcing energy buyers to negotiate for safe transit and pushing the US to demand help from other nations to secure a reopening that — even in the best case — could take weeks.
Iran is making the most of its geographic advantage in the Strait of Hormuz, forcing energy buyers to negotiate for safe transit and pushing the US to demand help from other nations to secure a reopening that — even in the best case — could take weeks.
The damaged Mayuree Naree bulk carrier near the Strait of Hormuz on March 11. Source: Royal Thai Navy
Iran is making the most of its geographic advantage in the Strait of Hormuz, forcing energy buyers to negotiate for safe transit and pushing the US to demand help from other nations to secure a reopening that — even in the best case — could take weeks.
Iran is making the most of its geographic advantage in the Strait of Hormuz, forcing energy buyers to negotiate for safe transit and pushing the US to demand help from other nations to secure a reopening that — even in the best case — could take weeks.
The damaged Mayuree Naree bulk carrier near the Strait of Hormuz on March 11. Source: Royal Thai Navy
Iran is making the most of its geographic advantage in the Strait of Hormuz, forcing energy buyers to negotiate for safe transit and pushing the US to demand help from other nations to secure a reopening that — even in the best case — could take weeks.
Iran is making the most of its geographic advantage in the Strait of Hormuz, forcing energy buyers to negotiate for safe transit and pushing the US to demand help from other nations to secure a reopening that — even in the best case — could take weeks.
The damaged Mayuree Naree bulk carrier near the Strait of Hormuz on March 11. Source: Royal Thai Navy
The United Arab Emirates suspended loading operations at the key oil-trading hub of Fujairah after a drone strike and fire on Saturday, demonstrating the vulnerability of the country’s only export route while the Strait of Hormuz is blocked.
The United Arab Emirates suspended loading operations at the key oil-trading hub of Fujairah after a drone strike and fire on Saturday, demonstrating the vulnerability of the country’s only export route while the Strait of Hormuz is blocked.
TOPSHOT - Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. Smoke could be seen rising from the direction of a major UAE energy installation on March 14, in what appeared to be the latest strike targeting the Gulf's petroleum facilities hours after the US struck Iran's Kharg Island. (Photo by AFP via Getty Images) /
The United Arab Emirates suspended loading operations at the key oil-trading hub of Fujairah after a drone strike and fire on Saturday, demonstrating the vulnerability of the country’s only export route while the Strait of Hormuz is blocked.
The United Arab Emirates suspended loading operations at the key oil-trading hub of Fujairah after a drone strike and fire on Saturday, demonstrating the vulnerability of the country’s only export route while the Strait of Hormuz is blocked.
TOPSHOT - Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. Smoke could be seen rising from the direction of a major UAE energy installation on March 14, in what appeared to be the latest strike targeting the Gulf's petroleum facilities hours after the US struck Iran's Kharg Island. (Photo by AFP via Getty Images) /
Two tankers carrying liquefied petroleum gas are heading to India after crossing the Strait of Hormuz, providing some relief to acute shortages as the war in the Persian Gulf disrupts supply of the cooking fuel.
Two tankers carrying liquefied petroleum gas are heading to India after crossing the Strait of Hormuz, providing some relief to acute shortages as the war in the Persian Gulf disrupts supply of the cooking fuel.
Satellite image of the Strait of Hormuz. Photographer: Gallo Images/Editorial Specials
At least a dozen ship clusters have appeared near the Strait of Hormuz, a likely sign of electronic interference around the waterway through which most transit has halted with the US and Israeli war against Iran.
At least a dozen ship clusters have appeared near the Strait of Hormuz, a likely sign of electronic interference around the waterway through which most transit has halted with the US and Israeli war against Iran.
At least 12 clusters of ships--some with more than 200 vessels--were seen around the Strait of Hormuz. It's a sign of signal interference intensifying.
A deepening energy crunch across Asia is impacting all corners of the oil market, with suppliers of everything from shipping fuel to cooking gas beginning to cut back on sales in order to manage shrinking stockpiles.
A deepening energy crunch across Asia is impacting all corners of the oil market, with suppliers of everything from shipping fuel to cooking gas beginning to cut back on sales in order to manage shrinking stockpiles.
A deepening energy crunch across Asia is impacting all corners of the oil market, with suppliers of everything from shipping fuel to cooking gas beginning to cut back on sales in order to manage shrinking stockpiles.
A deepening energy crunch across Asia is impacting all corners of the oil market, with suppliers of everything from shipping fuel to cooking gas beginning to cut back on sales in order to manage shrinking stockpiles.
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.
Two Russian oil cargoes that had been signaling East Asia as a destination have switched to India, according to ship-tracking data, suggesting New Delhi is becoming more willing to take the crude as the Middle East conflict worsens.
Two Russian oil cargoes that had been signaling East Asia as a destination have switched to India, according to ship-tracking data, suggesting New Delhi is becoming more willing to take the crude as the Middle East conflict worsens.
Tankers Odune (white) and Matari (blue) changed their destinations to India after the Middle East war broke out.
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