World Jul 02 Iran warns oil tankers to use approved routes in Strait of Hormuz or face a 'forceful response' By Jon Gambrell, David McHugh, Associated Press
World Jul 01 Ship runs aground in Strait of Hormuz, Iranian state media says A ship ran aground in the Strait of Hormuz while using a route not approved by Iran. That's according to a report Wednesday by state television in Tehran. By Jon Gambrell, Associated Press
World Jun 15 Even with a deal to reopen the Strait of Hormuz, it could take weeks or months for oil to fully flow The tentative agreement to end the war in Iran and reopen the Strait of Hormuz would be good news for the global economy. But oil won't simply start flowing through the key shipping artery the way it did before the… By David McHugh, Cathy Bussewitz, Associated Press
Economy May 12 Ship operators fear fuel shortages as Iran war squeezes supply Experts say consumers and companies should brace for price spikes to shipping costs and impacts to bottom lines. By Anton L. Delgado, Chan Ho-him, Associated Press
World May 07 Iran creates new agency to control shipping in Strait of Hormuz while reviewing peace deal with U.S. Late in the day, Iranian state media said the country’s armed forces exchanged fire with “the enemy” on Qeshm Island in the Strait of Hormuz. By Adam Schreck, David McHugh, Russ Bynum, Associated Press
May 07 Shipping firms are being whipsawed by changing stances and risks as they wait for Hormuz to reopen By Mae Anderson, David McHugh, Associated Press To pressure Iran, the U.S. Navy is blockading Iran's ports, enforcing the blockade outside the strait in the Gulf of Oman and the Arabian Sea. Continue reading
May 05 UN resolution proposal would hit Iran with sanctions for halting freedom of navigation By Edith M. Lederer, Associated Press The draft resolution, co-sponsored by the United States and Gulf nations and obtained Tuesday by The Associated Press, also demands that Iran “immediately participate in and enable” United Nations efforts to establish a humanitarian corridor in the strait to enable… Continue reading
Mar 31 Sanctioned Russian tanker docks in Cuba after U.S. allows passage By Milexsy Duran, Associated Press Cuba used to receive most of its oil from Venezuela, but those shipments were halted ever since the U.S. attacked the South American country and arrested its leader in early January. Continue reading
Mar 28 Soaring gas prices and supply chain disruptions drive up costs across the economy By Vidya Mani, The Conversation U.S. consumers, already feeling pain at the gas pump, can expect higher prices and prolonged shortages for goods of all sorts, including food, as additional consequences of slowed oil production. Continue reading
Mar 18 What to know about the Jones Act as the Trump administration unveils a 60-day waiver By Wyatte Grantham-Philips, Associated Press Passed in 1920, this law aims to protect the American shipping sector — but it's also faced criticism over the years for slowing the delivery of goods, including critical aid during time of crisis. Continue reading