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Global Gateways: Page 20
Iran Conflict Pushes Diesel Prices to Highest Levels in Years
Average U.S. diesel prices sat at $5.04 per gallon as of March 17, marking a 34% increase from the first day of strikes by the U.S. and Israel against Iran.
Shipping Insurance Costs to Cross Hormuz Soar After Ship Attacks
While the rates are high, it’s also a sign that cover remains available for the handful of vessels looking to cross the vital waterway.
U.S. Says It's 'Allowing' Iranian Tankers Through Strait of Hormuz
"We want the world to be well supplied," Treasury Secretary Scott Bessent said in an interview with CNBC.
U.S., Iran Keep Up Strikes as Trump Mulls Possibility of Deal
The Islamic Republic hasn’t asked for talks or a ceasefire after Trump told NBC on March 14 that he’s willing to make a deal but wants better terms.
Greek Oil Tanker En Route to Russia Attacked in Black Sea
The attack on the Greek ship may be linked to “the pressure that countries in the region are applying,” Greek shipping minister Vasilis Kikilias said.
DP World Reports Record Revenue and Earnings in 2025
DP World saw its revenue increase by 22% year-over-year to $24.4 billion, and its earnings before interests, taxes, depreciation and amortization rise by 18% to $6.4 billion.
Strait of Hormuz Closure Continues to Drive Surge in Oil Prices
Any prolonged closure of the Strait of Hormuz threatens to tighten global energy supplies with each passing day.
Supply Chains Strain to Cope with the Effects of Iran War
With tanker traffic through the strait dropping by 90%, it's not hard to draw a straight line between the ongoing conflict and widespread supply chain disruptions.
Berlin Airport Was Temporarily Closed for Security Reasons
Several airports across Europe, including Berlin, Munich, Oslo and Copenhagen, faced disruptions in recent months after suspected drone sightings.
China’s Cosco Halts Panama Port Operations as Tensions Rise
The Balboa port is one of two terminals along the strategic Panama Canal that have become a flashpoint in the rivalry between the U.S. and China.
Belgian Judges Sound Alarm Over Expanding Drug Trade at Ports
Antwerp Court of Appeal President Bart Willocx warned that Belgium has become increasingly vulnerable to drug smuggling at its busiest shipping hubs.
Iran Conflict Sends Shockwaves Through Global Shipping, Air Freight
Marine Traffic estimates that tanker transits through the Strait of Hormuz were down by 90% between February 25 and March 4.
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