OPEC+ has decided to increase its crude oil production target by 206,000 barrels per day (bpd) for April against a backdrop of heightened geopolitical risk as conflict in the Middle East escalated rapidly over the weekend.Oil markets will enter…
OPEC+ Responds to Hormuz Shutdown Read More »
The Secretary-General of the IMO Arsenio Dominguez has issued a statement on the situation in the Strait of Hormuz:“I am deeply concerned by reports that several seafarers have been injured in attacks on merchant vessels. No attack on innocent seafarer…
Industry Leaders Respond to Attacks on Seafarers Read More »
Shipping companies Maersk, Hapag-Lloyd and CMA CGM are rerouting vessels around Africa, away from the Suez Canal and the Bab el-Mandeb Strait, after U.S. and Israeli strikes on Iran and the closure of the Strait of Hormuz.”Due to the deteriorating…
Vessels Diverted Around Cape of Good Hope Read More »
At least three tankers were damaged off the Gulf coast and one seafarer was killed as Iranian retaliation for U.S. and Israeli strikes on Iran exposed ships to collateral damage, shipping sources and officials said on Sunday.Risks to commercial shippin…
At Least Three Tankers Hit in Gulf Read More »
Iranian assaults on ships are seen as retaliation for US-Israeli strikes
US-led coalition raises Hormuz threat level to ‘critical’ as two more tankers attacked Read More »