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