Brent Climbs 24 Percent In July As Chokepoint Disruption Reprices Oil
Brent crude rose 24 percent in July and WTI gained 21 percent as tanker disruption in the Strait of Hormuz and threats in Bab el-Mandeb pushed shipping data to the centre of oil price formation.
Engine Failure Grounds Bulker In Dardanelles, Closing Strait For Twelve Hours
Traffic through Turkey's Dardanelles Strait resumed after a bulk carrier that suffered an engine failure and ran aground was refloated with tug assistance, Turkish authorities said.
Hormuz tanker transits slump as war insurers advise avoiding the strait
Commercial transits through the Strait of Hormuz have dropped sharply and war risk premiums have risen after renewed attacks on shipping in the waterway.
Security in the Strait of Hormuz deteriorates after boxship attack
The security situation in the Strait of Hormuz has worsened after a container vessel was attacked and caught fire over the weekend, prompting a fresh round of strikes across the region.
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