Saudi Arabia is offering to sell crude oil cargoes on a ship-to-ship basis from locations off the coast of Oman, including near Sohar in the Gulf of Oman. This move signals that the kingdom may be ramping up the practice of shuttling barrels through the Strait of Hormuz—often with transponders switched off—mirroring tactics already used […]
Continue Reading
Vessel traffic through the Strait of Hormuz has fallen sharply this week even as markets closely watch Iran-Oman talks on a potential management framework for the waterway. At the same time, Houthi threats continue to constrain Red Sea routes, recent attacks have kept insurance and freight costs elevated, and Saudi Arabia is deepening discounts on […]
Continue Reading
Three Very Large Crude Carriers (VLCCs) carrying a combined roughly 6 million barrels of crude oil slipped out of the Persian Gulf through the Strait of Hormuz in the past 24 hours, according to ship-tracking data compiled by Bloomberg. The vessels began transmitting automated position (AIS) signals as they entered the Gulf of Oman on […]
Continue Reading
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 Reading
Energy News Beat Channel – Breaking Analysis July 13, 2026 In the latest escalation of the ongoing US-Iran conflict, Kuwait reported attacks on three northern land border posts and an offshore drilling platform belonging to the Kuwait Oil Company. The platform was struck by a hostile drone, causing material damage and injuring one worker. Kuwait’s […]
Continue Reading
A fresh Iranian missile strike on a Qatari LNG tanker in the Strait of Hormuz has dealt a significant setback to UK and French plans to begin limited de-mining operations in the waterway’s southern route. The incident, reported on July 7, 2026, comes just days after Oman granted permission for European forces to assist in […]
Continue Reading
Tensions in the Strait of Hormuz escalated sharply this week with two reported attacks on commercial vessels, underscoring the vulnerability of one of the world’s most critical energy chokepoints. On June 25, the Singapore-flagged container ship M/V Ever Lovely (operated by Taiwan’s Evergreen Marine) was struck by what U.S. officials described as an Iranian drone […]
Continue Reading
As tensions flare once again around the Strait of Hormuz—with recent incidents including a vessel struck off Oman’s coast and Iranian Revolutionary Guard warnings—Gulf oil producers are racing to secure alternative export routes. While the strait has historically carried nearly 20% of global seaborne oil trade, Iraq is moving decisively to reduce its vulnerability through […]
Continue Reading
As U.S. Vice President JD Vance touched down in Switzerland on June 21, 2026, for high-level peace talks with Iranian officials, Iran’s Islamic Revolutionary Guard Corps (IRGC)-linked military command announced a renewed closure of the Strait of Hormuz. The move cites alleged Israeli violations of a fragile ceasefire in southern Lebanon and threatens further disruptions […]
Continue Reading
The United Arab Emirates is accelerating an ambitious strategy to achieve zero dependency on the Strait of Hormuz, one of the world’s most critical oil chokepoints. This comes amid recent regional tensions and a temporary closure of the strait following the Iran-US conflict earlier in 2026. Bloomberg reports, citing an interview with UAE Minister of […]
Continue Reading