Tag: Strait of Hormuz

Iran war disrupts global ocean freight and air cargo supply chains beyond oil

March 4, 2026 admin

The Iran war has effectively halted oil tanker movement in the key Strait of Hormuz. But it’s also disrupting the wider global supply chain beyond oil, affecting everything from pharmaceuticals from India, semiconductors from Asia and oil-derived products like fertilisers that come from the West Asia. Cargo ships are stuck in the Gulf or making…

World

Why the closure of Strait of Hormuz is causing fears about elevating crude oil prices

March 1, 2026 admin

The story so far: Global oil markets are bracing for a potential upward price shock as trade resumes Monday (March 2, 2026) amidst escalation of hostilities in West Asia, as Israel and its ally United States (U.S.) launched air strikes against Iran on Saturday (February 28, 2026), with Tehran acting in retaliation. More importantly for…

Business

Watch: Iran partially shuts Strait of Hormuz, State media broadcasts military drills

February 18, 2026 admin

Iranian state media broadcast footage on Tuesday (February 17) of Revolutionary Guards drills in and around the Strait of Hormuz, hours after talks began, as semi-official Fars said parts of the waterway would close “for a few hours” for security precautions. Source link

World

Iran releases Marshall Islands-flagged tanker and crew

November 19, 2025 admin

An aerial view of the Iranian shores and the island of Qeshm in the strait of Hormuz. | Photo Credit: Reuters Iran on Wednesday released a Marshall Islands-flagged tanker with all its 21 crew members aboard days after Tehran seized the ship without explanation, the vessel’s managers said. Tehran had no immediate comment on the…

World

Iran seizes tanker in Strait of Hormuz, U.S. official says; tensions remain high in region

November 14, 2025 admin

A map showing the Strait of Hormuz and Iran | Photo Credit: Reuters Iran seized a Marshall Islands-flagged oil tanker as it travelled through the narrow Strait of Hormuz on Friday (November 14, 2025), a U.S. official said, turning the ship into Iranian territorial waters in the first-such interdiction in months in the strategic waterway….

World