The Strait of Hormuz has been shut to normal commercial shipping since February 28, when the US and Israel struck Iran and the IRGC started warning ships off on VHF. As of this week that's 208 days. Nothing in the maritime market this year makes sense without that number.
For two and a half years the Houthi threat to Red Sea shipping came from drones, missiles and small boats launched from the Yemeni coast north of the…
The Panama Canal is rationing water again. Starting today, September 3, the Neopanamax locks offer nine booking slots a day, and the older Panamax…
Iran and Oman have agreed on a temporary shipping corridor through the Strait of Hormuz. Iran's deputy foreign minister, Kazem Gharibabadi, announced…