The missile was fired at the engine room of the empty tanker disabling it as it headed towards Iran’s main crude oil loading port

U.S. forces disabled a sanctioned oil tanker attempting to reach an Iranian port on Tuesday, marking the sixth commercial vessel interdicted since Washington imposed a maritime blockade on Iran nearly...

Widening trade surplus signals firm growth in 2Q26 South Korea’s exports increased a greater-than-expected 53.2% year-on-year in May (vs 48.0% in April, 49.3% market consensus, 52% ING). Despite the ongoing conflict in the Middle East, export growth accelerated, with working day-adjusted shipments j…

Eurozone median inflation expectations for the next 12 months were steady at 4% in April 2026, the same as in March and staying at 2023-highs. Consumers expected the price of their home to increase by 3.7% over the next 12 months, which was unchanged from March and expectations for mortgage interest rates also remained unchanged. ...

U.S. Secretary of State Marco Rubio said on Tuesday that President Donald Trump's negotiating team has not offered Iran sanctions relief in exchange for reopening the Strait of Hormuz and insisted that any sanctions relief was tied to Tehran giving up its nuclear program.

U.S. President Donald Trump signed a proclamation on Monday that amends Section 232 national security tariffs on certain aluminum, steel and copper imports, the White House website said. The proclamation reduces tariffs on some steel and aluminum derivative products to 15% from 25%. These products include certain types of agricultural machinery and residential heating, air ...

The U.S. National Science Foundation (NSF) has begun a major downsizing of one of the world’s largest ocean observing networks, announcing plans to remove most of the in-water infrastructure associated...

The Company’s Environmental, Social and Governance Programs Continue Their Positive Global Impact Resolve Marine, a global leader in innovative marine solutions, today announced the publication of its?2025 Sustainability Report, part of the company’s comprehensive environmental, social and governance...

Russia is exporting the most crude since its invasion of Ukraine back in 2022 as Kyiv's record attacks on its neighbor's oil refineries force more barrels into the global market.

Mediterranean Shipping Company (MSC) says its containership MSC Sariska V was struck by two projectiles while departing Iraq’s Port of Umm Qasr on Sunday, confirming one of the most serious attacks on...

Iran has claimed responsibility for the attack on the Panama-flagged container ship off Iraq

The Danish shipyard Fayard is set to remain a critical service hub for Russia’s Arctic LNG trade through at least one more summer, even as European sanctions tighten and other Western shipyards withdraw from the business.

In this week’s edition of Let’s Talk Energy, Aditya Saraswat, Research Director, Middle East and North Africa at Rystad Energy, joined Noah to unpack what the war in Iran means for global oil and gas. With roughly 14 million barrels per day of liquids and 85 million tonnes per annum of L…

Energy – Negotiation uncertainty Oil prices received a boost yesterday as talks between the US and Iran appeared to break down — again. This has become a common pattern in recent months, and there are still plenty of mixed messages. President Trump says that negotiations are continuing. As a result, oil prices continue to be ...

The humble tin can is the latest victim of US steel tariffs as domestic manufacturers say producing cans at home has become more expensive than importing them, despite Washington’s push to bolster steel production and limit imports. A decade ago, United States producers made 60 percent of the …

The oil market might face a new reality after the Iran war in which exports through the Strait of Hormuz do not return to the levels once considered normal, as shipowners now have to weigh the risk that fighting could abruptly break out in the volatile Persian Gulf. And Western commercial ships will…

The Strait of Hormuz has emerged as a potential vulnerability for global internet infrastructure, with threats to undersea fiber-optic cables raising concerns among major technology companies and investors, according to a note from Yardeni Research. Recent comments from Iran about imposing fees on internet cables passing through the strategic waterway have highlighted risks to a ...

How to stop Russian drones flying undetected across the Black Sea to attack Ukraine's port city of Odesa? That was the problem facing Ukraine's military that Charles Maher set out to solve.

A day before crossing the Strait of Hormuz, an Indonesian seafarer aboard the Al Rayyan tanker published a picture of a rainbow cutting across the bow. “When the dream ship becomes reality,” he wrote on social media, thanking God for the blessing. Then the liquefied natural gas carrier switched off its transponder and began to move out of the Persian Gulf.

A federal judge has postponed the long-awaited civil trial over the collapse of Baltimore’s Francis Scott Key Bridge after a series of late settlements resolved most of the remaining claims linked to the disaster. The trial, which had been due to begin this week and was expected to run for aro…