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Wednesday
02
Sep 2026
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War in the Middle East: How freight rates soared to historic levels

VLCC supertanker freight rates are at historic levels - Ships stranded in the Persian Sea with insurers withdrawing cover for transits from the region

Oil: Drops below $90 after rally toward $120

Crude oil prices fell sharply on Monday shortly after trading closed, after Donald Trump, President of the United States, said he is considering the possibility that the U.S. could take control of the Strait of Hormuz

The first of Prokopiou’s five tankers exits the Strait of Hormuz fully loaded (upd)

The tanker Shenlong, carrying about 1 million barrels of Saudi crude, appears to have passed through the strategic passage while maritime traffic remains dramatically reduced by 91% due to tensions in the region

South Korea imposes a fuel price cap for the first time in 30 years due to the surge in oil prices

The rise in oil prices, due to the crisis in the Middle East, is pushing South Korea to take emergency measures

Fuel price rally: Unleaded could reach €2 per liter by the end of the week if Brent’s surge continues

Increases of up to €0.40 for gasoline and €0.60 for diesel – Energy costs are at the forefront of the Eurogroup meeting

ENFIA 2026: The tax returns are coming, who pays less and who pays more

Posted until March 10 the "ravasakia" for 7.3 million owners - Tax 2.3 billion euros in 12 installments with the first payment on March 31 - Discounts up to 50% and zero tax for certain categories

Goldman Sachs: Greece’s growth resilient despite the energy shock

The Greek economy appears more resilient than the rest of the Eurozone, while the strong relationship between economic growth and credit expansion creates the conditions for further strengthening of investment

George Prokopiou: His ships defy the missiles in the Strait of Hormuz, as Onassis & Niarchos once did, writes the Wall Street Journal

In a feature on the Greek shipowner, the Wall Street Journal describes one of the boldest moves of his career, as his ships are among the very few sailing through the Strait of Hormuz

Oil: Explosive weekly surge of 35% in US crude and 28% in Brent amid crisis in the Strait of Hormuz

The escalation of the US–Iran war sent oil prices soaring, with WTI recording its biggest weekly rise since 1983 and Brent its largest since 2020

Strait of Hormuz: How China, India and Russia are shaping the new energy equation and oil prices

The conflict in the Persian Gulf is bringing the role of Russia into the spotlight as an alternative energy supplier for Asia’s energy-dependent economies. According to JMIC, the Strait of Hormuz is now almost closed to shipping

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