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
When was the last time a top speed of 67 mph was realized in the automotive world? 1930s? In a car, 67 mph is a cruising speed on most highways around the world, and yet that’s downright daunting for a large passenger ship. To get a big boat carrying
Ships continued to move through the Strait of Hormuz despite an attack on a loaded supertanker over the weekend. (Bloomberg) June 29, 2026 10:40 am, EDT key takeaways: Ships continued transiting the Strait of Hormuz on 29 June, although fewer ships broadcast their routes. Some tanker owners said recent attacks had made navigation through the
Oil tankers and cargo ships anchored off the coast of Oman on 23 June. (Elke Scolliers/Getty Images) June 25, 2026 4:00 PM, EDT key takeaways: An unidentified cargo ship has crashed near Oman after several ships capsized while attempting to exit the Strait of Hormuz. Oil prices rose as the incident threatened weak confidence in