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News
Three Clashes in a Week Escalate China-Philippines Sea Feud
9+ hour, 46+ min ago (506+ words) A Chinese coast guard ship fires a water cannon at a Philippine vessel, in this screengrab taken from a handout video released on July 23, 2026, location given as South China Sea. Jay Tarriela via X/Handout via REUTERS (Bloomberg) —The Philippines…...
Oil Keeps Flowing From Red Sea As Hormuz Bypass Stays Open
12+ hour, 32+ min ago (828+ words) A file image from March 2, 2024, shows the Chinese-flagged VLCC supertanker Cosnew Lake, which exited the Red Sea via the Bab el-Mandeb Strait on July 23, 2026. VLADIMIR TONIC/Handout via REUTERS By Weilun Soon and Julian Lee Jul 24, 2026 (Bloomberg) –Millions of barrels…...
Grains Markets Hit New Highs on Black Sea Attacks, Crude Oil Rally
1+ day, 7+ hour ago (561+ words) Oil tankers wait at anchorage in the Black Sea off Kilyos near Istanbul, Turkey, December 8, 2022. REUTERS/Mehmet Emin Caliskan PARIS, July 24 (Reuters) – Escalating attacks on Black Sea shipping and ports have sent wheat prices soaring to their highest in two…...
Panama Canal Advances Energy Corridor Bid Process as Prequalification Phase Moves Forward
1+ day, 7+ hour ago (523+ words) Marshall Is. CL YINGDU oil/chemical tanker transits through the Miraflores Locks at the Panama Canal, on the outskirts of Panama City, Panama December 18, 2023. REUTERS/Roberto Cisneros The Panama Canal Authority has completed the document submission phase for companies seeking…...
US Strikes Iran From South to North After Trump Threats Over Red Sea Shipping
1+ day, 9+ hour ago (812+ words) Oil tanker Al Shaffiah sails at the sea near the Omani coast, as seen from Musandam, Oman, June 26, 2026. REUTERS/Stringer DUBAI, July 24 (Reuters) – U.S. missiles struck targets across Iran, reaching as far as its Caspian coast, on Friday after President…...
EU Targets Russian Shadow Fleet, Banks and Crypto in Sweeping 21st Sanctions Package
1+ day, 13+ hour ago (512+ words) An aerial view shows the oil tanker named Boracay (also called Pushpa), a vessel being investigated by French authorities and suspected of belonging to the so-called "shadow fleet" involved in the Russian oil trade, off the coast of the western…...
Tariff-Driven Frontloading Pays Off as Trump Reinstates Global Import Duties
1+ day, 14+ hour ago (788+ words) Months of tariff-driven frontloading appear to have paid off for U.S. importers. As expected, President Donald Trump on Friday reinstated broad-based tariffs on imports from 60 trading partners, replacing the temporary 10% global tariff that expired overnight with a new tariff regime under…...
Shipowners Halt Calls at Ukraine's Black Sea Ports, Wary of Russian Strikes
2+ day, 12+ hour ago (522+ words) A grain ship carrying Ukrainian grain is seen in the Black Sea, amid Russia's attack on Ukraine, near Ukrainian port of Odesa, Ukraine November 2, 2022. REUTERS/Serhii Smolientsev KYIV, July 23 (Reuters) – Shipowners halted vessel arrivals at Ukraine’s Black Sea ports due…...
DP World Expands UAE Gateway Bypassing the Strait of Hormuz
2+ day, 13+ hour ago (614+ words) DP World has signed an agreement in principle with the Fujairah Ports Authority to develop two new port terminals on the UAE’s east coast, expanding capacity at a strategically located gateway outside the Strait of Hormuz as regional shippers seek…...
Houthi Attacks on Saudi Tankers Constrict Crude Trade
2+ day, 10+ hour ago (675+ words) Flames and smoke rise from the Greek-flagged oil tanker Sounion on fire in the Red Sea, August 25, 2024. Yemen's Houthis said they attacked the Sounion in the Red Sea. EUNAVFOR ASPIDES/Handout via REUTERS The flow of Middle East energy trade…...