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Fears of LPG shortages are leading to long queues, black marketing concerns, and reports of false deliveries across India, with small eateries in Gurgaon and Noida residents particularly struggling, cutting down operations or claiming non-receipt of cylinders.
MANILA, Philippines — The Philippine National Police – Highway Patrol Group (PNP -HPG) ordered its patrol officers to save on fuel amid looming price hikes triggered by escalating tensions in the…
First A China-Linked Ship, Now A US-Sanctioned Gas Tanker Transits Hormuz Chokepoint A US-sanctioned tanker carrying Iranian LPG, the Danuta I, transited the Strait of Hormuz on Friday without incident, shortly after a China-linked bulk carrier also exited the world's most critical energy chokepoint, suggesting IRGC forces may, for now, be allowing Iranian- and Chinese-linked vessels to pass. That said, the strait remains paralyzed for broader commercial traffic, risking energy ...
Air cargo prices are skyrocketing due to disruptions in key shipping lanes caused by the ongoing conflict in the Middle East. This has forced many carriers to reroute their vessels, leading to longer transit times and increased operational costs, which are then passed on to consumers.
The war with Iran is causing extreme instability in global markets, which is why many are concerned about the impact of the military conflict on their finances. What it means for...
Wall Street Desperately Seeks Details On Trump's Plan To Unclog Hormuz Chokepoint It's been wild ride in crude over the past few days with Brent crude futures were capped near $84 a barrel on Tuesday afternoon before sliding down to the $81 level late Wednesday afternoon, only to surge back up to $84 this morning... ...as shipping industry insiders and Wall Street analysts await exact details on the Trump administration's proposal to keep tankers transiting the Strait of Hor...
G7 leaders have announced the record release of 400 million barrels of oil in response to the war in the Middle East. This represents about twenty days worth of usual oil traffic through the Strait of Hormuz, currently through dangerous to go through due to the threat of Iranian strikes. This initiative aims 'to calm markets down', as FRANCE 24's Philip Turle explains.
Are Vessels Starting To Identify As "Chinese" To Transit Hormuz Chokepoint A second China-linked bulk carrier broadcasted "CHINA OWNER_ALL CREW" while transiting the Strait of Hormuz on Saturday morning in an effort to reduce the risk of an IRGC drone or missile attack. We were the first to highlight this tactic late Wednesday night and believe it will only become more widespread within the commercial shipping community. The Liberia-flagged Sino Ocean broadcasted "CHINA OWNER_AL...
Oil Futures Gain on Rising Fears of U.S.-Iran Conflict The Wall Street Journal