Lloyd

Despite the IMO freezing its evacuation plan after Ever Lovely was struck, ships are still moving through both Hormuz routes as operators weigh conflicting signals from Iran and the risks of staying put

Iran has asserted its control over the Strait of Hormuz, insisting that vessels comply with new terms and conditions to transit, including mandatory Iranian insurance for all vessels

Spot container freight rates continue their ascent as ocean carriers pass along much higher fuel costs resulting from the effective closure of the Strait of Hormuz. If the strait doesn't reopen soon, the impact on container market could intensify

Iran's IRGC has imposed a de facto 'toll booth' regime in the Strait of Hormuz, requiring vessels to submit full documentation, obtain clearance codes and accept IRGC-escorted passage through a single controlled corridor

Iran has created a de facto 'safe' shipping corridor through its territorial waters in the Strait of Hormuz, offering vetted vessels passage in exchange for approval - and in at least one case, a reported $2m payment

Middle East crude oil is seemingly hard to replace. But US crude oil exports to Asia could soon rise if the conflict prolongs

Iran strikes tankers in Iraqi waters and Maersk-operated boxship off key UAE port, dragging more Middle East Gulf states into the conflict

On day six of the Middle East war, hope of a swift reopening of the Strait of Hormuz is fading. There does not seem to be a quick fix. A material return of transits in the future will require shipowners to be convinced that the route is safe for their cre

President Trump's announced plan to escort ships through the Strait of Hormuz and provide war risk insurance has been met with scepticism by the shipping industry, which is awaiting further details. Meanwhile a limited number of vessels, mainly Greek-owne

The US seized a sanctioned, falsely flagged tanker off the coast of Venezuela in an escalation of the Trump administration's pressure on the Maduro regime. US Attorney General Pamela Bondi said US forces executed a seizure warrant 'for a crude oil tanker