shipping

Ship operators fear fuel shortages as Iran war squeezes supply

By Anton L. Delgado, Chan Ho-him, Associated Press

Scenes from the Port of Fujairah, as U.S.-Israel conflict with Iran limits marine traffic in the Strait of Hormuz

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

Shipping firms are being whipsawed by changing stances and risks as they wait for Hormuz to reopen

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.

By Mae Anderson, David McHugh, Associated Press

FILE PHOTO: Cargo ships in the Gulf, near the Strait of Hormuz

UN resolution proposal would hit Iran with sanctions for halting freedom of navigation

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…

By Edith M. Lederer, Associated Press

Russian oil tanker enters Cuban port of Matanzas

Sanctioned Russian tanker docks in Cuba after U.S. allows passage

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.

By Milexsy Duran, Associated Press

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.

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.

Iran targets ships, Dubai airport and oil facilities as economic concerns mount

By Jon Gambrell, Sam Mednick, David Rising, Associated Press

The latest attacks on Wednesday mark an escalation in its campaign to bottle up the oil-rich Persian Gulf as American and Israeli airstrikes pound the Islamic Republic.