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Ocean Transportation: Page 11

Quarter of Big Oil Tankers Trapped by Iran War Have Escaped
Control over the corridor is central to tortuous negotiations between the U.S. and Iran aimed at ending the conflict.
Ships anchored in the Strait of Hormuz near Larak Island, Iran on May 16. Photographer: Majid Saeedi/Getty Images
U.S. Denies Iran Report on Draft Peace Deal to Reopen Hormuz
Both Iran and the U.S. have said their talks, via mediators such as Pakistan and Qatar, are making progress.
Ships anchored in the Strait of Hormuz near Larak Island, Iran on May 16. Photographer: Majid Saeedi/Getty Images
Swiss Trader Had Lucrative Role Getting Iraqi Oil Through Hormuz
The outsized profits on offer for getting cargo out are drawing wide-ranging interest — from established players in the oil market to relative newcomers.
Photo: Bloomberg
Japan to Receive First Oil Tanker to Exit Hormuz Since War Began
The Idemitsu Maru, a very large crude carrier that passed through the waterway in late April, could dock as soon as May 25.
An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69
Iran in Talks With Oman Over Permanent Toll System for Hormuz
Tehran has signaled it will keep control over Hormuz even after the war, to deter future attacks from the U.S. and Israel.
Photo: Bloomberg
India Prepares to Send Oil Tankers Through Hormuz for New Supply
State-owned Shipping Corp. of India is ready to go back to the Persian Gulf once it has approval from the Indian Navy.
An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69
UN Cuts Global GDP Growth Forecast
UN Department of Economic and Social Affairs Director Shantanu Mukherjee said that this would represent one of the weakest growth rates so far this century.
Photo: iStock / thitivong
U.S., Iran Stall on Hormuz Reopening as Oil Supplies Tighten
Iran has shown little interest in loosening its hold on the waterway, insisting it wants to maintain a degree of control even after the end of the war.
Photo: Bloomberg
Maryland Reaches $2.25B Settlement Over Baltimore Bridge Crash
The state said that it plans to continue to press separate a claim against the Dali's shipbuilder, Hyundai Heavy Industries.
The bulk carrier cargo ship, Saimaagracht, sails past the cargo ship Dali and the collapsed Francis Scott Key Bridge in Baltimore Maryland on April 25. Photographer: Andrew Harnik/Getty Images
Hormuz Shipping Threats Grow After Ship Seized Near UAE
While Iran has yet to explicitly claim responsibility for the incidents, a senior Iranian official reiterated the country's claim to the Strait of Hormuz.
Photo: iStock / 35007
Hormuz Oil Flows Fell Nearly 30% Last Quarter
Roughly 14.6 million barrels a day of crude oil and petroleum liquids moved through the strait in Q1 of 2026, down from 20.4 million over that same period last year.
Photo: Bloomberg
Iran Widens Area it Defines as the Strait of Hormuz
The new definition expands the zone from 20-30 miles to roughly 200-300 miles, with Iran stating that it no longer views the strait as a limited area.
Photo: iStock / Dimitrios Karamitros
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