Shippers must add the Black Sea and the Caspian Sea to areas that are unsafe.

State-run refiners are increasingly replacing Middle Eastern barrels with supplies from Russia and the Atlantic Basin.

The lull came as a weekend meeting between Iranian and Omani officials indicated a fresh attempt to resolve the crucial issue of shipping around Hormuz.

Many Canadians remain perplexed and angered by the deterioration in what was previously one of the most reliable trading alliances in the world, worth more than $900 billion in 2024.

At least 124 Russia-linked vessels were targeted in the Black Sea and the Sea of Azov, from July 8-20, according to statements from Ukraine’s General Staff.

Saudi state media said the tanker Encelia was hit in the Red Sea, resulting in a fire on board.

The fracas over the bridge has become a glaring symbol souring relations between the U.S. and its second largest trading partner during the second Trump administration.

The new terminals will be linked to Jebel Ali, and integrated with a nearby east coast zone called Jafza through an inland logistics network.

The ships could make the voyage to China via the Suez Canal, but that would increase the voyage from about 7,000 miles to more than 17,000 miles.

The vessel was said to have been using a maritime export corridor to move cargo down the Romanian and Bulgarian coastlines to Turkey.