Shipping

Saudi vessel attacked in Red Sea, national shipping company confirms following Houthi claims

The Houthis have carried out attacks on Saudi oil facilities and shipping in the Red Sea in recent weeks, and they claimed to have targeted Saudi oil giant Aramco facilities in Yanbu in July.

A commercial vessel passes through an international shipping lane off Yemen's Hanish Island in the Red Sea on July 27, 2026; Illustrative.
Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026.

Iran advances plan to charge vessels fees for Strait of Hormuz passage

The tech giant Amazon aims to raise at least $25 billion through the sale of bonds in US dollars

Amazon struggles to win Israeli shoppers while Chinese e-commerce giants dominate

A drone view shows vessels in the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026.

Strait of Hormuz traffic plunges as Iran, US blockades restrict energy shipments


South Korea ship to test Arctic commercial shipping route amid Western concerns

President Lee Jae Myung has made Arctic shipping a priority for South Korea, a shipping powerhouse. Officials say this could help transform Busan and position the Arctic as a regular trade route.

The PanStar Acro, a container ship bound for Europe via the Arctic, testing whether a route opened by melting sea ice can be commercially viable, is anchored at a port in Busan, South Korea, August 20, 2026.

Oil tankers going dark to evade Iranian attacks raises major oil spill risk in Gulf - report

Three separate oil spills are already spreading through the Persian Gulf and the Gulf of Oman, putting multiple ecosystems at risk.

This photograph obtained from Iran's ISNA news agency on August 13, 2026 shows an oil slick along the southern coast of Qeshm Island, Iran, August 13, 2026.

Iran linked oil tanker falls victim to Somali piracy surge

The Eritrea-flagged Sibu 1 was at least the 13th vessel attacked this year off the coast of Somalia or in the Gulf of Aden, which links Somalia and Yemen.

Oil tankers pass through the Strait of Hormuz, December 21, 2018.

Hormuz traffic slows as uncertainty over waterway persists

Claims by US President Donald Trump that the strait was open contradict Iran's assertions that it remained shut to shipping.

A drone view shows vessels in the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026.

Mecca pact unites Saudi Arabia, Turkey, and Pakistan - but what does it mean? - opinion

The significance of the Mecca pact will depend less on the language of the agreement than on its implementation.

TURKISH PRESIDENT Recep Tayyip Erdogan shakes hands with Saudi Crown Prince Mohammed bin Salman, next to Pakistan’s Prime Minister Shehbaz Sharif, after signing a joint defense agreement in Mecca, on August 7, 2026.

Shipping traffic falls further in Strait of Hormuz as US, Iran compete over claims to control

The Strait of Hormuz is "under Iran's control and management," the recently appointed head of Iran's Basij paramilitary unit said on Thursday.

Vessels in the Strait of Hormuz, as seen from Musandam, Oman, August 3, 2026.

Zelensky halts drone strikes on Black Sea oil tankers in Russian port after demand from US VP Vance

Ukraine agreed to not target non-Russian ships, so long as they were not sanctioned by Ukraine or carrying any Russian cargo.  

A member of "Timur's Special Forces Unit" of the Defence Intelligence of Ukraine waits on a military boat next to Snake Island, also known as Zmiinyi Island, located in the Black Sea, on August 14, 2025.

Gulf states pay the price as shipping crisis exposes costly dependence on the Strait of Hormuz

"A lot of the necessities, and I'm talking food, that these Gulf nations require - Kuwait, the UAE, Bahrain, Qatar, Saudi Arabia - comes in by boat," and flying in goods is causing prices to rise.

The sun sets behind the Doha skyline on August 4, 2026.

Iran says Oman deal is in 'final stages,' but US must act first to open Strait of Hormuz

A US official said on Friday that an agreement between Iran and Oman was close and could reopen the strait, which carried a fifth of global oil and liquefied natural gas shipments before the war.

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, July 26, 2026.

IRGC says re-opening Hormuz dependent on US talks, as Araghchi signals progress on Hormuz deal

Iran and Oman are "very close" to reaching an accord on a new shipping route through the Strait of Hormuz, Iranian Foreign Minister Abbas Araghchi said.

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026.