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Supply Chains in Crisis: Page 15

Shipping Bottlenecks Likely to Persist Long After Hormuz Reopens

Even if traffic fully returns to the strait when (or if) the deal becomes official, the months-long global oil supply crisis won't simply resolve itself overnight.

Photo: iStock / FarzadFrames

Fire at California Warehouse Threatens West Coast Medical Supplies

Fire officials say that they're currently coordinating with Medline to allow the company to access supplies at the warehouse that weren't damaged in the fire.

Medical trash. Coronavirus protection equipment in medical waste bin. Used face masks and sterile gloves. Doctor uniform for patient treatment in hospital. Prevention the spread of COVID-19.

Trump’s Energy Chief Says Half of Hormuz Stoppages Restored

Chevron Corp. Chief Executive Officer Mike Wirth said there are indications that flows through the strait are probably not as high as the energy secretary said.

Chris Wright, U.S. energy secretary, during a signing ceremony at Rice University in Houston, Texas, U.S., on Thursday, June 11, 2026. The signing ceremony is meant to commemorate the establishment of a global partnership with commitment to energy security. Photographer: Mark Felix/Bloomberg

Ships, Seafarers Stuck in Gulf Face Tough Choices

Opening the Strait of Hormuz remains Iran’s most valuable bargaining chip; one it seems eager to retain after seeing the drastic effect its closing has had on world trade.

An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69

India Condemns U.S. Strikes on Three Ships That Killed Sailors

Three foreign-flagged vessels carrying Indian crew have recently been attacked by the U.S. Navy.

Vessels anchored in the Strait of Hormuz, near Khasab, Oman, in May. Source: AFP/Getty Images

Oil Crunch Is Stoking Asia’s Demand for Coal, Shipping CEO Says

The effective closure of the Strait of Hormuz in early March has driven Asian buyers to look for alternative sources to replace disrupted Persian Gulf barrels.

Photo: iStock.com/Andrzej Rostek

Houthis to Impose ‘Complete Ban’ on Israeli Ships in Red Sea

While the Houthis’ statement doesn’t amount to a ban on commercial shipping in the Red Sea, maritime intelligence agency Vanguard Tech advised caution.

A ship transits the Suez Canal towards the Red Sea in 2024. Photographer: Sayed Hassan/Getty Images

Xeneta: Massive Freight Rate Increases Driven by War and Energy Crisis Fears

If shippers look to frontload imports, then carriers will look to push rates higher and higher, so the market may yet be far from its peak, warns the analyst.

Container ships and bulk carriers offshore from Singapore. Photographer: SeongJoon Cho/Bloomberg

Kuwait Bears Brunt of Iranian Response to U.S. Ship Attacks

Residents in Kuwait said they are increasingly concerned there will be more attacks.

Kuwait International Airport. Photo: iStock/mtcurado

First Oil Supertanker Moors at Kharg Island in Almost a Month

The blockade is depriving Tehran of petroleum revenue and the market of millions of barrels of supply.

Image: iStock/PeterHermesFurian

OECD Warns of Long-Lasting Global Economic Damage from Iran War

The OECD also pointed to inflationary pressures are rising in both advanced and emerging market economies.

Photo: iStock / stnazkul

IRGC Attacks MSC Containership in Gulf

The Islamic Revolutionary Guards Corps claimed responsibility for the attack, saying it acted in response to U.S. strikes on an Iranian vessel.

Photo: iStock/eyewave

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