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The Latest Breaking News from Kpler

Crude Oil Prices Drop on Increased Traffic Through Strait of Hormuz

September WTI crude oil (CLU26 ) closed down -0.87 (-1.03%) on Thursday, and September RBOB gasoline (RBU26 ) closed down -0.0945 (-2.93%). Crude oil and gasoline prices gave up an overnight advance and settled lower on Thursday in hopes of a diplomatic solution to the US-Iran war. Crude prices also...

Barchart

Drone attack in Egypt raises fresh fears over Suez Canal, global oil supply

A drone strike on Egyptian tankers has raised energy security concerns for the Suez Canal. This vital route offers a safe passage for Saudi Arabian oil exports. Houthi threats have already impacted traffic through the Bab el-Mandeb strait. Many tankers are now rerouting north towards the Suez Canal and Sumed…

The Economic Times

Reliance ramps up diesel exports to Europe, Brazil in July, sources say

Reliance Industries sharply increased diesel exports to Europe and Brazil in July as global fuel markets tightened following the US-Iran conflict and Russia's diesel export ban. Higher shipments from Jamnagar helped bridge supply shortages, with Europe facing record diesel margins and dwindling inventories, while India's role as a key global…

The Economic Times

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Gaza latest: Trump claims ‘historic’ deal reached with Hamas for complete disarmament

Senior Hamas official says the group will only disarm if Israel fulfils its commitments

The Independent UK

QatarEnergy-controlled LNG tanker exits Hormuz, first in nearly three weeks

A QatarEnergy LNG tanker exited the Strait of Hormuz, the first since July 11. Ship transits through the Hormuz waterway increased on Wednesday from previous days. Commodity ship traffic through the Bab el-Mandeb strait slowed down on Wednesday. Crude loadings from Yanbu fell significantly after a Houthi blockade was declared.

The Economic Times

Ships transiting via Bab el-Mandeb strait at highest in a week, data shows

Thirty-seven commodity ships passed through the Bab el-Mandeb strait on Tuesday, a notable increase. Only a few vessels transited the Strait of Hormuz, indicating a shift in shipping routes. Yemen's Houthis claimed missile attacks on a Saudi oil tanker in the Red Sea. China has engaged in direct talks with…

The Economic Times

The Houthis Are Seeking To Halt The Flow Of Saudi Oil In The Red Sea. Traffic Is Already Slowing

Traffic through the Bab el-Mandeb has decreased after Yemen's Houthi rebels continued to attack Saudi oil facilities along the Red Sea coast as the group seeks to enforce an embargo of the country.

International Business Times

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Why the coming winter is going to be a long, cold one for Europe

Europe will face the next winter with alarmingly low energy supplies and heating oil inventories. Global markets for liquefied natural gas and diesel have been severely strained by conflicts. Asia's strong demand and supply route disruptions are impacting European imports. Policy decisions by China and Russia have further complicated diesel…

The Economic Times

Ships continue Red Sea transit despite attacks and Houthi blockade: Report

Dozens of vessels navigate the Bab el-Mandeb Strait despite Houthi rebel threats. Growing uncertainty forces ships to alter courses and execute U-turns. Recent attacks on oil tankers threaten global commerce and already strained supply lines. Disruptions in the Red Sea and Strait of Hormuz expose a quarter of global oil.…

The Economic Times

Iran-US war latest: Trump insists Tehran can’t have a nuclear weapon as Houthis claim missile attack on Saudi Arabia

Trump says he doesn’t ‘think it’s time yet’ to agree to a deal

The Independent UK

Gulf oil producers race to build alternatives to the Strait of Hormuz as oil hits $100

Gulf oil producers are spending billions of dollars on pipelines designed to route crude around the Strait of Hormuz, as Iran's grip on the waterway drags on causing oil prices to hit $100 a barrel for the first time since May.

Euronews

Mideast oil producers step up plans to bypass the Strait of Hormuz

Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz

The Independent UK

Hormuz vessel crossings fall further as security concerns linger

The ongoing security issues have caused a notable drop in vessel traffic in the Strait of Hormuz, with just three commodity vessels transiting on Tuesday compared to more the previous day. In a related development, two oil tankers re-routed through the Red Sea following threats from the Iran-aligned Houthis of…

The Economic Times

Money talks: As the Iran war continues, Hormuz tolls gain traction

With missiles replacing merchant ships in the Strait of Hormuz, activity in the world's most critical energy corridor is grinding to a halt—and a controversial proposal to charge for safe passage is gaining traction.

Fortune

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The Economic Times

How a Houthi blockade in the Red Sea tightens Iran's grip on global energy supplies

Yemen's Houthis declared a maritime blockade against Saudi Arabia on Monday. This action escalates regional conflict and impacts global energy markets significantly. The Red Sea has become a critical alternative oil export route for the Gulf. Disruptions here, alongside the Strait of Hormuz, could cause a major energy crisis. The…

The Economic Times

Why the Red Sea remains one of the world's most dangerous shipping routes

Red Sea Shipping Route Explained: In a concerning development, Iran has alerted the world to possible disruptions in the Red Sea that threaten vital energy markets. The Bab el-Mandeb Strait, an essential trade artery, is now under scrutiny as Houthi rebels have stationed missiles and drones nearby. This precarious situation…

The Economic Times

First direct US LNG cargo since tariff dispute reaches China, may be re-exported

A United States liquefied natural gas vessel has arrived in China after trade tensions halted direct shipments. This tanker's arrival does not guarantee China will import the fuel. Yangpu port's bonded storage allows for re-exports without import duties. Chinese importers possess flexibility to resell the cargo or import it later.…

The Economic Times

Russian oil still India's key energy bet despite looming US tariff risks

Proposed US tariffs on Russian crude imports could inject fresh market volatility. Replacing Russian supply would be difficult due to limited spare production capacity. US senators unveiled a revised sanctions bill with softened tariffs on energy buyers. India's Russian crude imports hit record levels, acting as a stabilizing force. Disrupting…

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Benzinga

Hormuz is No Suez or Panama Canal, Says Global Shipping Giant, Slams Trump's 20% Toll as 'Fundamentally Wrong'

Shipping executives warned that President Donald Trump’s proposed 20% levy on vessels passing through the Strait of Hormuz could backfire by discouraging ship traffic and further reducing activity on the crucial trade route.

The Economic Times

Some ships still crossing Strait of Hormuz despite security threat

A small number of vessels crossed the Strait of Hormuz on Sunday, despite the heightened security threats as Tehran and Washington battle for control of the strategic waterway. Just 14 vessels -- half of which were commercial ships -- crossed on Sunday, according to data from maritime tracker Kpler, suggesting…

The Guardian - UK

Oil prices leap and stocks fall as Trump reinstates Hormuz blockade on Iranian shipping

Brent crude rises 5% after US president says 20% toll will be imposed on key trade route to cover ‘safety and security’

The Economic Times

How Europe is keeping planes flying despite jet fuel risks

Europe faces significant jet fuel supply risks due to Middle East tensions. The region imports heavily and has limited reserves for disruptions. Europe is importing more jet fuel from the US and Asia. Refinery output has increased, and stocks are being drawn down. This situation leaves Europe most exposed to…

The Independent UK

Ships stop crossing Strait of Hormuz after US and Iran trade strikes

Tehran said transit through the vital shipping route has been blocked due to US military action

The Independent UK

Iran-US war latest: Tehran attacks US military bases as Strait of Hormuz standoff escalates

US military's Central Command says it controls the Strait of Hormuz but Iran's Guard rejects claim

The Times of India

Is Hormuz reopening or shutting down? Shipping data and IRGC claims don’t match

Oil tanker traffic through the Strait of Hormuz slowed significantly on Thursday. Renewed US airstrikes and Iranian retaliatory attacks heightened security concerns in the Gulf. Iran's IRGC Navy claimed the strategic waterway was secured and gradually reopening. Several vessels turned off tracking systems, limiting visibility of actual ship movements. Shipping…

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