July 22, 2026 12:39 pm, EDT Commercial and residential buildings on the beach in Abu Dhabi, United Arab Emirates. (Vidya Chandramohan/Bloomberg) key takeaways: DP World reached an initial 50-year concession to build two deepwater terminals in Fujairah, UAE, outside the Strait of Hormuz. The project adds capacity for 2.5 million containers, 190,000 autos and 5.3
Scott Olson/Getty Images Before Trump launched his Republican-enabled war with Iran, cargo ships could move freely through the Strait of Hormuz without paying massive tolls or fees. Today, that is no longer the case. Still, energy markets did not react as strongly or negatively to that development
July 21, 2026 8:30 am EDT The West Point tanker arrived at the PT Pertamina facility at Tanjung Priok Port in Jakarta, Indonesia on July 3. (Dimas Ardian/Bloomberg) key takeaways: Goldman Sachs said Brent crude could exceed $120 a barrel in the fourth quarter if disruptions in the Strait of Hormuz continue, although this is
July 20, 2026 at 8:50 am, EDT Kawomelis reappeared in the Strait of Hormuz along the Omani coast early on 20 July, indicating it was at anchor. (Bloomberg) key takeaways: Visible tanker traffic in the Strait of Hormuz came to a near halt after two ships operated by Dynacom were attacked due to Iranian attacks
July 20, 2026 12:46 pm, EDT The ships are anchored in the Strait of Hormuz near Iran’s Larak Island. (Majid Saeedi/Bloomberg) key takeaways: As attacks on merchant shipping escalated, Sinocor Group offered sailors an extra six months’ pay to complete the Hormuz oil voyage. The offer highlights increased risks after attacks on 59 commercial ships
July 15, 2026 8:58 am, EDT Traffic through the Strait of Hormuz remained light on July 15, hours after the US blockade of Iranian shipping was imposed. (Bloomberg) key takeaways: Arsenio Dominguez, secretary-general of the International Maritime Organization, said the Strait of Hormuz remains too dangerous for commercial ships despite previous US-Iran peace efforts. Renewed
July 15, 2026 5:30 pm, EDT Commercial ship in the Strait of Hormuz near Bandar Abbas, Iran. (Amirhossein Khorgui/ISNA via Associated Press) key takeaways: The US carried out airstrikes on Iran for the fifth consecutive day, targeting missile storage and launch sites on Greater Tunb Island on 15 July. The renewed conflict has restricted shipping
July 15, 2026 10:10 am, EDT The Eneos Endeavor supertanker conducted a dark transit through the Strait of Hormuz in May. (Akio Kon/Bloomberg) key takeaways: Supertankers have increasingly been involved in recent attacks on commercial shipping during the Iran war, highlighting the challenges of reviving the flow of the region’s oil to the global
July 14, 2026 9:08 am, EDT 13 जुलाई को दिखाए गए राष्ट्रपति डोनाल्ड ट्रम्प ने कहा कि अमेरिका ईरान के बंदरगाहों पर अपनी नाकाबंदी फिर से लगा रहा है। (Julia Demari Nikhinson/AP) key takeaways: But experts say restoring oil tanker traffic to pre-war flows in the vital Middle East shipping corridor will require vast numbers
July 14, 2026 12:46 pm, EDT Strait of Hormuz. (Maps4media/Bloomberg) key takeaways: On July 14, President Donald Trump canceled a plan to charge ships a 20% cargo fee for transiting the Strait of Hormuz, citing promised Gulf investments. The conflict threatens global trade as about one-fifth of the crude oil and natural gas traded passes