India-Bound Oil Supertanker Booked At Nearly 9 Times Freight Rate A supertanker heading toward India has been provisionally booked from the Persian Gulf at an unusually high freight rate, highlighting a sharp shortage of available vessels in the region. According to shipbrokers cited in the report, the very-large crude carrier, or VLCC, was booked at 897 Worldscale points, meanin

Strait of Hormuz 25 Ships Cross in One Day as Traffic Rises Commercial traffic through the Strait of Hormuz showed a sharp rise on Thursday, with 25 verified vessels crossing the newly reopened route in a single day, according to maritime tracking firm AXSMarine. The Strait of Hormuz 25 ships crossing marked the highest single-day movement since April 18 and pointed to a cautious

Indian LNG Carrier Disha Crosses Strait Of Hormuz After US-Iran Deal Indian LNG carrier Disha has safely crossed the Strait of Hormuz, becoming the first Indian-flagged LNG vessel to pass through the conflict-hit waterway in more than three months after the US-Iran agreement raised hopes of reopening the crucial shipping route. The vessel, managed by a Shipping Corporation of India-led consortium, is carrying 62,370 metric tonnes of liquefied natural gas

Strait Of Hormuz Oil Route Impact Raises Fuel Price Concerns The Strait of Hormuz crisis has raised fresh global concern as Iran’s closure claim threatens one of the world’s busiest oil and gas routes, even as the US says commercial ships are still moving through the waterway. The dispute has created uncertainty across oil, LNG, and shipping markets, with the narrow passage remaining one of the most important energy corridors for global trade. Accord

Chinese Oil Tanker Attacked Near Strait of Hormuz Amid Rising Gulf Tensions A Chinese-owned oil tanker came under attack near the strategically vital Strait of Hormuz, marking the first reported assault on a Chinese-linked vessel since tensions between the United States and Iran escalated earlier this year. The incident has heightened concerns over maritime security and the stability of global energy supply routes in the Middle East. The damaged vessel was identified as the Marshall Islands-flagged JV Innovation, which reportedly caught fire while sailing off the coast of the United Arab Emirates. Maritime sources said the ship issued distress signals after flames were seen on its deck, though there was no immediate confirmation of casualties among crew members. The Strait of Hormuz is one of the world’s most critical oil transit routes, handling nearly 20 percent of global oil and gas shipments. Shipping activity in the corridor has faced increasing disruption as regional tensions have intensified, with several vessels affected and insurers and operators raising security alerts for transit through the Gulf. The latest attack comes amid a broader pattern of threats to commercial shipping in the region. Multiple recent incidents involving merchant vessels have been reported, adding to concerns among global shipping firms over crew safety and cargo security. Diplomatic efforts are underway to ease tensions, with Wang Yi holding talks with Iranian Foreign Minister Abbas Araghchi on maritime security and restoring safe trade routes through the Hormuz corridor.

Trump Launches ‘Project Freedom’ to Secure Shipping in Strait of Hormuz Donald Trump has announced a new maritime initiative, “Project Freedom,” aimed at escorting foreign vessels stranded in the strategically vital

A luxury superyacht valued at over $500 million and linked to Russian billionaire and Kremlin aide Alexey Mordashov has passed through the Strait of Hormuz, drawing global attention. The rare movement comes at a time when vessel

China has broken its silence on the escalating Iran crisis, issuing a sharp warning against what it called a return to the “law of the jungle” amid mounting pressure from the United States. After weeks of maintaining a cautious and restrained stance, Beijing has now openly criticised Washington’s actions, signalling a noticeable shift in tone and approach. The change came after the United States moved to impose a naval blockade targeting Iran’s oil exports. China’s Foreign

Rising tensions between Iran and the United States are creating fresh economic and diplomatic challenges for

Iran has signaled a shift in its approach to the Strait of Hormuz during ongoing talks with the United States, proposing safe passage for ships through the Omani side of the strategic waterway. The move suggests a potential de-escalation after weeks of hardline rhetoric from Tehran. The development comes amid heightened tensions, with the U.S. military reportedly imposing restrictions on Iranian ports, disrupting global oil and LNG shipping. Against this backdrop, Iran’s proposal

Iran has announced plans to impose a $1-per-barrel toll on oil tankers passing through the Strait of Hormuz, with payments to be made in cryptocurrency. Under the proposed system, vessels will be required to share cargo details electronically, following which authorities will calculate the applicable toll. The payments are expected to be settled in di

In response to concerns over rising fuel prices amid global tensions, the Indian government has announced a significant reduction in excise duties on petrol and diesel. Starting Friday, the excise duty on petrol has been slashed to Rs 3 per litre, while the excise on diesel has been reduced to zero. This move comes after fears that the ongoing US-Israel conflict with Iran could lead to higher fuel prices, especially as global crude prices surged past $100 per barrel. Despite the dut

India is accelerating the signing of contracts for crude oil and LPG imports, aiming to diversify its supply sources amidst disruptions caused by the ongoing conflict in the Middle East. The country's need for oil has been rising, with daily imports averaging 5.5 to 6 million barrels. After Russia's oil imports were reduced as part of an agreement with the U.S., India has been exploring new avenues to ensure stable oil supplies, including from Russia, despite the geopolitical tensions.

Iran has stated that the Strait of Hormuz, a key route for global oil transport, will remain open for select countries, including India, despite ongoing tensions in the Middle East. The strait is crucial for international trade,

The global economy faces significant risks if oil prices reach $150 per barrel, warns Larry Fink, CEO of BlackRock. In recent days, Brent crude surpassed $110 per barrel, causing a substantial market reaction, and a new report suggests that prices could climb even further, especially if the ongoing U.S.-Iran conflict escalates. Fink emphasized that if oil prices continue to rise, the world would face a major economic shock rather than a gradual adjustment. The impact would be felt a