Hormuz tanker traffic drops as US-Iran fighting disrupts oil route
Why it matters: The strait carries roughly a fifth of global oil use, and some crossings fell by half to two-thirds across shipping datasets.
Bloomberg, The Straits Times +1
Subject
#Oil
Series: Iran · US Iran Hormuz Crisis · 2 chapters since Jul 18
Gold climbs to $4,033 as Middle East war keeps inflation in focus
Why it matters: Traders are weighing higher energy costs against soft US data and the risk of further Federal Reserve tightening.
Asian LNG hits 4-month high as Hormuz traffic slows amid US-Iran clash
Why it matters: Spot LNG reached about $20.2 per mmBtu, roughly double prewar levels, while supertanker crossings and Gulf oil transfers fell.
Oil jumps 4.6% as US-Iran attacks threaten Hormuz and Red Sea
Why it matters: Brent settled at $88.10 and both crude benchmarks gained about 16% for the week as tanker traffic faced new risks.
Oil jumps 4.6% as US-Iran attacks threaten Hormuz and Red Sea
Why it matters: Brent settled at $88.10 and both crude benchmarks posted weekly gains of about 16% as tanker risks mounted.
US gas prices climb back to $4 a gallon as Iran war lifts oil
Why it matters: Higher fuel costs are returning ahead of the midterms, with Brent crude above $90 and diesel at $5.11 a gallon.
Bloomberg, The Hill
Ryanair profit fell 34% to €538 million as fuel costs and fares worsened
What's next: The airline warned summer pricing is still running below last year as travelers book later and oil volatility persists.
Ships go dark in Hormuz as attacks hobble US-guided route
What's new: All six commodity carriers tracked on July 12 crossed with transponders off, while some shippers are refusing escorted passages.
US restores Iran shipping blockade as Hormuz fighting flares
What's new: Trump dropped a planned 20% cargo toll, but fresh US strikes and Iranian attacks kept the ceasefire from unraveling further.
US sets Tuesday Iran port blockade, 20% Hormuz cargo toll
Why it matters: The move targets a waterway that carries about a fifth of global oil and gas, after fresh US-Iran strikes shook the region.
Trump reinstates Iran blockade, seeks 20% fee on Hormuz cargo
Why it matters: The move deepens a US-Iran clash that has disrupted a key oil route and driven up energy prices.
The New York Times, The Straits Times
Trump seeks 20% fee on Strait of Hormuz cargo as oil jumps
Why it matters: The strait carried about 20% of global oil trade before the war, and the proposal shook stocks and energy markets.
Bloomberg, The Hill
Iran attacks 3 tankers as US, Oman press new Hormuz talks
Why it matters: About a fifth of traded oil and gas once moved through the strait, and tanker traffic remains far below prewar levels.
Iran, Oman open Hormuz shipping talks after attacks roil truce
Why it matters: The strait carries about a fifth of global oil and gas trade, and Washington wants Tehran to guarantee open transit without tolls.
US-Iran strikes deepen Strait of Hormuz crisis after tanker attacks
Why it matters: The clash threatens a route that had carried 5 million to 8 million barrels a day under US naval escort, with oil prices rising.
Series: United States · Iran Conflict Escalation · 32 chapters since Jul 7IMO rejects Iran bid to control Hormuz as US presses for halt
Why it matters: The clash sharpens pressure on Tehran after attacks on three ships and raises risks for global oil and shipping.
BBC News (World), The Straits Times +1
US hit more than 80 targets in new strikes on Iran
What's new: Washington also revoked Iran's oil-sale license after three tankers were struck in the Strait of Hormuz.
Bloomberg, The New York Times +3
Ukraine drone strike halted Russia’s biggest Omsk oil refinery
Why it matters: The plant processed about 22 million tons of oil in 2024, and the outage could worsen fuel shortages in Russia.
US hits Iran sites, halts oil sales after 3 tankers struck
Why it matters: The move jolted oil prices more than 3% and put a June ceasefire at risk as Iran threatened a response.
Axios, The Hill
US hits Iranian military sites after 3 tankers were struck in Hormuz
What's new: Washington also revoked Iran's oil sales license, a move that sent oil prices up more than 3%.
US yanks Iran oil waiver after 3 tankers are hit near Hormuz
Why it matters: Brent settled up 3% and climbed above $76 after the move, as ship-threat warnings in the strait were raised to severe.
CNBC, MarketWatch +1
Iraq presses OPEC for higher quota as export routes remain strained
Why it matters: Iraq says oil exports have been hit by its reliance on Gulf shipping, even as it pushes to raise flows through Turkey.
Trump orders DOJ review as gasoline prices lag oil’s sharp drop
Why it matters: Oil slid after a US-Iran interim peace deal eased Strait of Hormuz traffic, but pump prices have not fallen at the same pace.
Bloomberg, BBC News (US & Canada) +4
Colombians vote in runoff between Cepeda and De La Espriella
Why it matters: The winner will decide whether Colombia keeps Petro-style peace talks and oil limits or shifts to a military offensive and more drilling.
Russia intercepted drone strike near Tyumen oil refinery, governor says
What's new: Officials said the refinery was not damaged, but workers were evacuated as emergency crews cleared falling debris.
US-Iran interim deal extends ceasefire 60 days, reopens Hormuz
What's next: negotiators are due in Geneva on June 19 to tackle harder issues, including Iran's nuclear program and a lasting truce.
Bloomberg, BBC News (World) +5
Bank of England holds rates at 3.75% in split 7-2 vote
What's new: The bank cut its peak inflation forecast to 3.25% as oil fell below $80 a barrel after the US-Iran truce.
US gas falls below $4 a gallon as Iran deal eases oil supply fears
What's new: AAA put the national average at $3.99, down for 28 straight days after a May 21 peak of $4.56.
The New York Times, Bloomberg +3
OPEC kept 2030 oil demand at 113.3 million bpd, lifted 2050 view
What's new: The group now sees demand at 124 million barrels a day in 2050 and argues oil use still has no peak in sight.
Mitsui OSK expects Hormuz shipping restart to take weeks
Why it matters: The strait handles about a fifth of global oil and LNG supply, and insurers and governments must sign off before traffic resumes.
The Business Times (Singapore), The Hill
ECB signals more rate hikes even as US-Iran truce cools oil
Why it matters: Officials see lasting inflation pressure as energy supply, shipping and inventories recover only gradually.
Frontline sees Hormuz tanker traffic rising fast if US-Iran deal holds
Why it matters: Only 5 to 10 ships now cross the strait daily, down from 130 to 140 before the closure.
Bloomberg, CNBC +1
Oil drops below $90 as Trump revives hopes for US-Iran deal
What's new: Brent settled near $90 and US crude fell to about $86 as Tehran signaled it had not yet approved any draft text.
The New York Times, Bloomberg
Trump floated seizing Kharg Island, then pulled back within hours
Why it matters: Kharg handles most of Iran's oil exports, so any move there could widen the war and jolt energy markets.
Bloomberg, The Straits Times +1
Trump threatens to seize Iran's Kharg Island, then pulls back
What's new: After vowing fresh strikes and control of Iran's oil hub, Trump later canceled the attack and pointed to talks with Tehran.
CNBC, MarketWatch
Gold sinks to 6-month low as Fed hike fears outweigh Iran war
What's new: Traders now price a 67% chance of a US rate hike by December as oil-driven inflation clouds the outlook.
Oil falls 3% as US sees Hormuz traffic recovering
What's new: IMF PortWatch still showed only five ship arrivals on a seven-day average, far below more than 100 before the war.
Oil jumps as Iran fires missiles at Israel after Israeli strikes
What's new: U.S. crude rose to $93.30 a barrel and Brent to $95.78 as markets priced in a wider regional war.
Iran war hits 100 days as S&P 500 reaches new highs
Why it matters: Oil, bond and inflation risks remain elevated even as investors keep betting the conflict will stay contained.
Bloomberg, CNBC
Oil settles at 1-week high as Hormuz shutdown keeps supply tight
What's new: Brent closed at $96 and WTI at $93.76 as the market weighed stalled US-Iran contacts and a largely shut strait.
Iran strike kills 1 at Kuwait airport as US hits Qeshm Island
Why it matters: Oil rose more than 2% as fighting again threatened the Strait of Hormuz, a key route for global energy shipments.
Ship traffic through Strait of Hormuz rises as US guides crossings
Why it matters: More sailings could ease pressure on oil, gas and goods flows after months of war disruption and stranded vessels.
BBC News (World), Bloomberg +4
Oil slips as US-Iran talks keep Strait of Hormuz reopening in play
What's next: Traders are watching for a deal within a week as tanker traffic stays far below prewar levels and keeps a risk premium in crude.
Bloomberg, CNBC +2