Iranian Strikes on Tankers in the Strait of Hormuz Heighten Global Energy Security Risks

Tensions in the Strait of Hormuz escalated sharply this week with two reported attacks on commercial vessels, underscoring the vulnerability of one of the world’s most critical energy chokepoints. On June 25, the Singapore-flagged container ship M/V Ever Lovely (operated by Taiwan’s Evergreen Marine) was struck by what U.S. officials described as an Iranian drone […]

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Iran Seizes Oil Tanker and Attacks US Forces in Strait of Hormuz: Escalation Threatens Fragile Ceasefire and Global Oil Flows

In a sharp escalation near the world’s most critical energy chokepoint, Iran and the United States clashed overnight in the Strait of Hormuz, with Tehran accusing Washington of targeting an Iranian-flagged oil tanker and then launching missile, drone, and small-boat attacks on three US Navy destroyers. The incident, which both sides described as defensive, comes […]

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Tankers U-Turn as the IRGC Says Strait of Hormuz is Closed: What Happens Next is Anyone’s Guess and Price Volatility Looks to Be Short Term

In a fluid and confusing situation that has maritime operators on edge, several tankers and cargo vessels executed abrupt U-turns in the Strait of Hormuz over the past 48 hours after Iran’s Islamic Revolutionary Guard Corps (IRGC) signaled a return to tight control of the waterway. While Iran’s foreign minister declared the strait “completely open” […]

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