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Chemicals & Energy: Page 13

U.K. Offers to Host Summit on Opening the Strait of Hormuz

The U.K. Ministry of Defence has already sent military planners to U.S. Central Command to help find ways to get tankers through the strait.

British Prime Minister, Keir Starmer. Photo: Bloomberg

Iran Demands Crew, Cargo Details to Allow Ships Through Hormuz

The process points to Iran’s increasing efforts to assert control over the vital maritime channel.

An oil tanker in the Strait of Hormuz. Photographer: Kaveh Kazemi/Getty Images

Iran Says Non-Hostile Ships Can Cross Hormuz on Its Terms

It’s yet another example of the country claiming sovereignty over the waterway, with the war now in a fourth week.

Image: iStock/matejmo

War Set to Cause U.K. Food Price to Rise, Says Farmers’ Union

Produce grown in glasshouses heated with natural gas, such as tomatoes, cucumbers and peppers, are likely to be quickly impacted by rising energy prices.

Strawberries growing in a polytunnel in Scotland. Photo: iStock/Gannet77

Iranian Navy Guided Indian Tanker Through Hormuz, Crew Member Says

Analysts say Tehran is trying to impose a traffic control system through the strait, permitting safe passage for friendly vessels while leaving others fearful of attack.

Photo: iStock/Oleksii Liskonih

For California, Jones Act Waiver More Likely to Alleviate Tanker Capacity Crunch than Gas Prices

The California Fuels & Convenience Alliance is among many industry bodies and businesses that would like to see the Jones Act restrictions relaxed or ended permanently.

A variety of ships including a large bulk carrier and liquid tanker ships along the Houston Ship Channel about four miles from downtown Houston, Texas. Photo: iStock/Art Wager

Oil Market’s Seaborne Buffer Runs Down Fast as Iran War Drags On

The U.S. plan to turn Iranian floating storage into prompt supply will require finding buyers.

Photo: Bloomberg

White House Takes Crude Oil Export Ban Off the Table

A ban on oil exports could upend global markets, discourage shale drilling and end up not helping American drivers that much, experts say.

A crude oil tanker departs the Port of Corpus Christi in Corpus Christi, Texas. Photographer: Eddie Seal/Bloomberg

U.S. Weighs Removing Sanctions on Some Iran Oil, Bessent Says

The scattergun policy ideas are a sign of the Trump Administration pulling as many levers as it can to tame oil and gas prices.

U.S. Treasury Secretary Scott Bessent. Photographer: Graeme Sloan/Bloomberg

Taiwan Chip Production Vulnerable to LNG War Shortage

Sustained constraints will eventually cut into chip production, said an Oxford Economics analyst.

An LNG carrier vessel. Photo: iStock / nikkytok

Newbuild Tanker Gets Suction Sails

Bound4Blue says the sails have surged in popularity within the tanker segment, because they have smaller footprints than other solutions.

The Pacific Sunstone. Photo: bound4blue

Trump Admin Waives Jones Act for 60 Days

The impetus behind the suspension appears to be simply an effort to shave a few pennies off the price of gasoline.

Photo: iStock / HeliRy

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