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The Latest Breaking News from Kpler

The Strait of Hormuz’s future is unsettled even as more ships venture through

Ship traffic has picked up in the Strait of Hormuz since Iran and the U.S. signed an interim deal to end a war that constricted global oil supplies and fueled inflation, but questions surrounding control of the vital waterway and whether vessels will be charged tolls to cross it could…

Newslaundry

India's LPG imports from US set to cross 1 million tons in June, sources say

India's LPG imports from the U.S. are projected to cross a record 1 million metric tons in June, driven by Middle Eastern supply disruptions. This surge in U.S. purchases, despite higher costs, ensures uninterrupted cooking gas for households. Efforts to boost domestic production and alternative supply routes are also underway…

The Economic Times

The Strait of Hormuz's future is unsettled even as more ships venture through

Ship traffic has picked up in the Strait of Hormuz since Iran and the U.S. signed an interim deal to end a war that's constricted global oil supplies

The Independent UK

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Number of ships passing through Strait of Hormuz plummets again after Iran closes waterway

The waterway was officially closed on Monday but a handful of ships are still getting through

The Independent UK

Aluminum’s war shock blunted by dark transits and Chinese supply

The Iran war triggered one of the biggest shocks to the global aluminum market, raising fears of widespread smelter shutdowns and prices surging above $4,000 a tonne. However, a strong supply response from the Middle East, China and Indonesia helped prevent a full-blown crisis.

The Economic Times

Indian refiners increase Russian and UAE oil imports ahead of Hormuz recovery

India's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imports. This shift represents a calculated diversification strategy, influenced by attractive discounts and apprehensions surrounding the Strait of Hormuz. Venezuela is stepping into a crucial role, while the…

The Economic Times

Oil Tanker Traffic Through Strait Of Hormuz Climbs After US-Iran Deal Reopens Key Shipping Route

Iranian oil tankers that went dark during the conflict have resumed transmitting their locations as crude exports begin moving again.

International Business Times

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Shipping industry wary of resuming Strait of Hormuz navigation despite imminent deal

The world's most important energy chokepoint may soon reopen, but insurance markets must regain confidence for the shipping sector to resume normal navigation. Meanwhile, Germany has dispatched two naval vessels for a possible mine clearance operation.

Euronews

Recovery signs emerge for ship traffic in Hormuz

Maritime traffic in the Strait of Hormuz remains at the levels seen before the Iran-US peace agreement, says the Kpler maritime tracking platform, but there are signs of recovery ahead of Friday's official reopening.

Bangkok Post

Crude Oil Prices Sink as Global Oil Supplies Look to Normalize

July WTI crude oil (CLN26 ) on Tuesday closed down -4.70 (-5.83%), and July RBOB gasoline (RBN26 ) closed down -0.0667 (-2.26%). Crude oil and gasoline prices fell sharply for the fourth consecutive session on Tuesday, with crude posting a 3.5-month low and gasoline posting a 3.25-month low. Crude oil...

Barchart

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

The Independent UK

Analysis: Iran's stranglehold on Strait of Hormuz loosens as Gulf Arab oil reaches market

Iran’s stranglehold on the Strait of Hormuz may be easing and its own oil problems now seem to be mounting

The Independent UK

Has the US really carried out a secret mission to get oil through Hormuz?

Trump says hundreds of tankers have escaped Iran’s blockade. Data suggests shipments are increasing but many questions remain

The Guardian - UK

U.S. Becomes India's Top LNG, LPG Supplier As Gulf Shipments Fall Amid Iran War

The United States supplied more LNG and LPG to India than Gulf exporters in May as shipping disruptions resulting from wars continue disrupting energy trade flows.

International Business Times

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International Business Times UK

Trump's Blockade Has Cost Tehran $6bn in Oil Revenue and the Rest of the World Is Feeling It

Iran's oil exports have dropped to a six-year low due to a US naval blockade, causing significant economic strain and impacting global energy markets.

The Economic Times

More oil escapes Hormuz, keeping traders guessing

Iran war: Tankers are using stealth to exit the Strait of Hormuz, freeing oil trapped in the Gulf. The practice of ships going dark is widespread. This makes it harder to gauge market flows. Oil on water in the Gulf has dropped. This shows outflows are inching higher. The market…

The Economic Times

India's fuel exports fall to lowest since 2022 amid refinery maintenance, domestic demand

India's refined fuel exports dropped significantly in May, reaching their lowest point since October 2022. Refinery maintenance, particularly at Reliance Industries' Jamnagar complex, reduced processing. Refiners also prioritized domestic demand for LPG, cutting petrol and diesel output for export. Favorable domestic sales and taxes on exports further influenced this trend.…

The Economic Times

Crude, LPG supply to India smoothens in May after two glitchy months; LNG supply beats pre-war levels

In May, India's oil and gas imports showed clear signs of recovery after recent setbacks, with crude oil inflows rising, though they have not yet reached the robust numbers seen in February. Natural gas supplies saw a notable upswing, going past pre-war levels.

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The Economic Times

War shifts 80% of India's diesel exports to Africa

India's diesel exports saw a significant shift in May. Africa became the primary destination, absorbing over 80% of shipments. This change happened as demand from Asia and Europe weakened. Geopolitical tensions also reshaped global diesel trade flows. Higher refinery operations in Asia reduced import needs. Europe received no diesel, while…

The Economic Times

Why Asia's oil lifeline can't survive on US crude alone

Asian nations are receiving more crude oil from the United States. However, these increased shipments cannot fully replace oil lost due to the closure of the Strait of Hormuz. This situation is creating supply challenges for refineries. Experts believe prices for refined fuels may rise. Less developed countries in Asia…

The Economic Times

Three oil, LNG tankers exit Hormuz with transponders off

Two supertankers and an LNG tanker, with transponders off, exited the Strait of Hormuz bound for India and China. These vessels, carrying crude oil and naphtha, are heading to ports in China and India, despite overall limited traffic through the key waterway. The ongoing conflict has significantly impacted shipping in…

The Economic Times

India turns to Latin American, African oil after Hormuz disruption

Indian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola, and Nigeria increased. Russia remained a key supplier, though its share saw a dip. The UAE and Saudi Arabia saw increased imports. Overall oil imports in April remained steady but…

Bangkok Post

Vessels carrying Mideast oil, LNG exit Hormuz for Pakistan, China

SINGAPORE - Two ‌liquefied natural gas tankers were exiting the Strait of Hormuz on Monday, heading to Pakistan and China, while a supertanker with Iraqi crude for China left the Gulf on Saturday after being stranded for nearly three months, shipping data showed.

The Economic Times

Iran war: Vessels carrying Middle East oil, LNG exit Hormuz, head for Pakistan, China

Iran war news: An LNG tanker, Fuwairit, is exiting the Strait of Hormuz for Pakistan. A supertanker, Eagle Verona, carrying Iraqi crude for China, has also left the Gulf. Shipping through the Strait of Hormuz is significantly reduced due to the U.S.-Israeli war on Iran. These vessels are among a…

The Independent UK

India vows to keep purchasing Russian oil, US ‘waiver or no waiver’

India’s imports from Russia has hit record levels driven by the disruption of Middle Eastern supplies from the Iran war

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