Shipping Routes News

Traders in Somalia are actively seeking alternative shipping routes due to ongoing tensions in the Bab al-Mandab strait.

Iran and Oman have agreed to establish new navigational routes in the Strait of Hormuz, building on previous agreements for a joint temporary corridor and mine

Oil prices fell today but are on track to end the week above $100 a barrel for the first time since mid-May, driven by increasing attacks along key shipping rou

Crude oil prices have surged by 13% this week, nearing $100 a barrel and set to close above that mark for the first time in four months, driven by escalating Mi

Reports indicate that Iran's control over the Strait of Hormuz is diminishing as more ships are utilizing a UN-authorized route through Oman, suggesting the US

Iran has outlined six demands, including an end to U.S. threats and sanctions, that must be met before the Strait of Hormuz will be fully reopened, despite prog

US Vice President JD Vance stated that Washington is working to establish a safe commercial shipping route through the Strait of Hormuz while continuing to pres

While a weak yen has drawn attention, the primary concern for import brands is Middle East freight disruption, necessitating diversification of shipping routes.

Oil prices experienced a sharp decline as the US and Iran paused strikes, fostering hopes for diplomatic resolution of Middle East tensions and improved shippin

Ongoing strikes between the US and Iran have continued for a 13th night, targeting military and commercial sites amidst clashes over critical shipping routes, l

The U.S. has conducted strikes against Iran and Bahrain, warning of further incoming fire as clashes over shipping routes in the Gulf escalate. This follows a w

At least seven explosions occurred near a military base hosting U.S. forces in Irbil, Iraq, as clashes over shipping routes escalate, prompting Bahrain to warn

The U.S. military has launched new strikes on Iran, escalating clashes over shipping routes in West Asia. Iranian state media reported explosions in Qeshm and B

As US-Iran tensions disrupt the Strait of Hormuz, Gulf countries are exploring alternative strategies to reduce their reliance on the vital waterway for oil sup