Speaking at G20 finance talks US Treasury Secretary Scott Bessent declared that the Strait of Hormuz will be “bypassed in two years,” becoming, in his words, “a worthless piece of water” as Gulf oil…
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Iran adds more than $1bn in oil revenue to foreign reserves Iran received more than $1bn in oil revenue during the 11 days to September 2, according to the semi-official Fars news agency. Fars said…
Iran says no one can reopen Strait of Hormuz without its consent Iran will decide whether vessels can pass through the Strait of Hormuz, according to Ebrahim Azizi, chairman of parliament’s National…
UAE-based logistics giant DP World will commence construction of the Tashkent Multimodal Logistics Terminal in October. The site will be located in the Yangi Avlod…
The head of Japanese shipping company Mitsui OSK Lines Ltd. expects disruption in the Strait of Hormuz to last longer than previously assumed, with recent attacks elevating the risk for tankers…
Saudi Arabia’s observed crude exports last month slumped to the lowest in at least nine years, as tankers were attacked following rising tensions in the Middle East.
Shipping traffic via Hormuz Strait below 10-day average, data shows Six commodity vessels transited the Strait of Hormuz on Wednesday, according to preliminary shipping data from Kpler, indicating a…
The Morning Manifest
One briefing, every morning at 07:00 Riyadh time — the cargo and freight stories that matter across the Kingdom and the region.
