Strait of Hormuz
Philippines Introduces Four Day Work Week Amid Rising Fuel Prices
The government of Philippines has announced a temporary shift to a four day work week in response to rising fuel prices triggered by...
Global Oil Markets Surge as Strait of Hormuz Tensions Disrupt Supply Routes
Global oil markets experienced a sharp surge in prices as escalating conflict in the Middle East raised fears about the security of shipping...
Shipping Insurers Cancel War Risk Coverage in the Gulf as Conflict Intensifies
Shipping insurers have begun canceling war risk coverage for vessels operating in parts of the Persian Gulf as the conflict involving Iran, Israel,...
Oil Prices Surge as Escalating Iran Conflict Threatens Global Supply Routes
Global oil prices climbed sharply as intensifying conflict involving Iran, Israel, and the United States raised fears of disruptions to critical energy supply...
Maersk Suspends Bookings in Gulf Amid Rising Middle East Tensions
Danish shipping giant Maersk announced Wednesday that it is suspending cargo bookings in several Gulf countries “until further notice” following a risk assessment...
Global Oil and Gas Prices Soar as Iran Conflict Disrupts Shipping and Production Routes
Global oil and gas prices surged to multi year highs on Thursday as the escalating conflict involving Iran disrupted critical shipping lanes and...
Oil Prices Rise Over One Dollar as Iran Crisis Disrupts Middle East Supply Chains
Global oil prices climbed by more than one dollar per barrel on Wednesday as the escalating crisis involving Iran and regional powers disrupted...
Oil and Gas Markets Brace for Prolonged Disruption if Gulf Conflicts Continue, Analysts Warn
Energy analysts are warning that ongoing military tensions in the Gulf region could trigger extended disruptions in global oil and gas markets, with...
Oil Prices Rise Sharply as Expanding U.S. and Israeli Conflict With Iran Elevates Supply Risks
Global oil prices climbed significantly as escalating military tensions involving the United States, Israel and Iran intensified fears of disruptions to energy supplies...
Global Oil and Gas Shipping Costs Hit Record Highs as Iran Crisis Disrupts Strait of Hormuz Traffic
Global shipping costs for oil and gas cargoes have surged to record levels as the escalating Iran crisis disrupts vessel traffic through the...
