Trump’s Plan to Charge a Toll in the Strait of Hormuz: What to Know
President Trump announced a 20 percent fee on cargo through the waterway, despite his own administration’s position that such fees violate international law.
Source: New York Times Iran ▾
Trump’s Strait of Hormuz Fee Could Double the Cost of Shipping
The potential expense of a 20 percent charge to move oil and other goods through the strait has stirred concern among shippers.
Will Oil Prices Soar as the U.S.-Iran Truce Frays? The Answer Lies With China.
For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.
The World Is Cutting Ties With America. It’s Already Costing Us.
When other countries cut ties, Americans pay.
Shippers Face Deepening Dilemma as U.S. and Iran Vie for Control of the Gulf
Companies desperately want to get their ships moving through the Strait of Hormuz, but face mounting risks. “Things are becoming uglier by the minute,” one executive said.
U.S. Strikes Iran and Reimposes Sanctions After Tanker Attacks
The military operation came hours after the U. S. Treasury revoked a waiver allowing global sales of Iranian oil.
Ships Are Still Getting Out of the Persian Gulf, Easing Oil Prices
A recovery in oil flows from the Persian Gulf and a pledge by OPEC Plus to pump more crude have put downward pressure on energy prices.
Why One Global Shipping Choke Point Isn’t a Blueprint for Another
The Strait of Malacca may be a model for how Oman and Iran could collect fees in the Strait of Hormuz, but the differences between the waterways are vast.
U.S. Resumes Dollar Transfers to Iraq After Monthslong Suspension
The Trump administration had halted the shipments to Iraq as part of its efforts to pressure the Baghdad government to distance itself from Iran.
Shipping Traffic in Strait of Hormuz Picks Up Again
Vessels stranded for months have started moving in larger numbers, but many pulled back over the weekend after Iran and the U. S. exchanged attacks.
Oil Markets Edge Higher After Days of Attacks in Persian Gulf
Oil prices inched up on Sunday evening, while the S&P 500 futures market was little changed.
How a Jet Fuel Refinery Is Scrambling After the Iran War Oil Shock
For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.
Iran Makes Moves to Assert Control Over the Strait of Hormuz
After Iran weaponized the waterway by making it too dangerous for businesses, experts say, the country is now looking to charge fees to vessels seeking to transit the vital water.
U.S. Temporarily Lifts Oil Sanctions Against Iran, Citing ‘Productive’ Talks
President Trump and Vice President JD Vance pointed to progress on Iran’s nuclear program, but officials in Tehran said “no new commitments” had been made.
U.S. Temporarily Lifts Sanctions on Iranian Oil
In a sharp reversal of American policy, the Treasury announced a 60-day reprieve, permitting the sale of Iranian crude as part of the preliminary U. S. -Iran deal toward ending the war.
U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf
U. S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
Oil Rises Amid Uncertainty Over Strait of Hormuz
Modest reactions in the oil and financial markets as Iran and the U. S. met in Switzerland for a first round of talks aimed at making a temporary cease-fire permanent.
While the World Scrambles for Oil, China Sits on Full Tanks
The possible reopening of the Strait of Hormuz may not prompt China to return quickly to prewar levels of oil purchases from the Persian Gulf.
Mines, Logistics and Deep Uncertainty Threaten a Middle East Oil Rebound
More oil is getting out of the Persian Gulf, but the region’s producers are looking for signs that it is safe as they ramp up plans for alternative routes.
For India, the Return of Iranian Oil Cannot Come Soon Enough
After months of shortages and uncertainty, India sees an opportunity to restore a once-crucial energy relationship.