Allianz: $125 billion in vessel and cargo value awaits passage from the Persian Gulf

Commodities: Oil Bounces On Persian Gulf Re-Escalation

Commodities: Oil Bounces On Persian Gulf Re-Escalation

Marco Rubio Rejects Iran Tolls On Hormuz As Deal Strains Multiply

Iran War: An Iranian blockade early in the war choked maritime traffic through the strait, sending global oil prices surging, but crossings have begun rising since the deal was signed.

How Foreign Policy Became Portfolio Management

On 27 May the United States Treasury placed the Persian Gulf Strait Authority on its sanctions list, the body Iran had set up three weeks earlier to charge ships for passing through the Strait of Hormuz. The designation meant that any vessel paying the Iranian toll, reported at up to two million dollars and settled [] The post How Foreign Policy Became Portfolio Management appeared first on Modern Diplomacy.

Report: $1.2 trillion in cargo stuck in Strait of Hormuz

Report: $1.2 trillion in cargo stuck in Strait of Hormuz

Iraq’s 14 million barrels of trapped oil travels through Strait of Hormuz

Iraqi oil stranded by the Middle East conflict has escaped the Persian Gulf over the past ten days as transit via the Strait of Hormuz eased during an uneasy US-Iran ceasefire. Vessels carrying about 14 million barrels of Iraqi oil exited the Gulf in the latter part of June and are now carrying crude to buyers in Asia, Europe and the US, according to tanker tracking data compiled by Bloomberg. That is the equivalent of about 1.4 million barrels a day over the 10-day period. All cargoes loaded...