The 2026 Strait of Hormuz crisis—sparked by U.S.-Israeli operations against Iran beginning in late February and marked by Iranian attacks on shipping, assertions of control, U.S. naval responses and blockades, and sharply reduced tanker traffic—has delivered the largest oil supply disruption on record. At its peak, the effective closure or severe constriction of the waterway, […]
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Greece has once again highlighted the practical and commercial limits of the European Union’s sanctions regime against Russian energy. As the world’s leading maritime nation, Athens successfully pressed for exemptions on restrictions targeting the shipping of Russian LNG to third countries in the latest (21st) sanctions package. Greek officials argued that broader bans would primarily […]
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The Strait of Hormuz, the world’s most critical oil chokepoint carrying roughly 20% of global oil trade (around 20–21 million barrels per day pre-disruptions), is rapidly losing its stranglehold. According to Goldman Sachs analyst Alexandra Paulus, pipeline projects across the Gulf are on track to divert up to 45% of pre-war Persian Gulf oil exports […]
Continue ReadingIn a bold escalation of its campaign against Russia\’s shadow fleet, Ukraine has carried out its first drone strike on a Russian-linked oil tanker in the Mediterranean Sea, marking a significant expansion of the conflict beyond the Black Sea region. The attack on the Oman-flagged tanker Qendil, which occurred off the Libyan coast on December […]
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