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Global Gateways: Page 7
IEA Warns Global Oil Stockpiles Are Rapidly Depleting
The IEA now expects the global oil market to run a deficit of 1.8 million barrels per day in the third quarter, more than double its estimate from just a month ago.
Panama Canal Backlogs Swell as Water Levels Fall
Around 113 vessels were waiting to transit the Panama Canal as of August 3, compared to just 40 vessels that were in line in early January.
Houthi Strike in Bab al-Mandab Strait Kills Six
Houthi rebels reportedly hit a cargo ship with three ballistic missiles, in the first deadly attacks against commercial vessels in the region since the start of the Iran war.
U.S. Sees Iran War Oil Supply Disruptions Lasting Through 2027
As the conflict extends into a sixth month, consumers around the world are once again facing the prospect of higher fuel prices and inflation.
Turkey Delays Black Sea Ship Access After Surge in Attacks
The latest delays threaten to add a fresh complication to global trade at a time when oil flows are already being significantly disrupted by the war in Iran.
Iran Seeks to Bar U.S. Ships as Hormuz Deal with Oman Advances
Both U.S. and Iranian officials have been signaling in recent days that some kind of accord on Hormuz is close.
UAE Defies Hormuz Risks to Keep Crude Flowing to Global Market
The stop-start nature of negotiations over reopening the Strait of Hormuz in recent months means analysts and traders expect shuttling to continue in some form.
Shipowners Say Hormuz Tolls Would Lead to More Charges Elsewhere
The prospect of Iran imposing transit fees in Hormuz has focused attention on the fragility of global supply chains.
Iran Weighs Allowing Europe to Clear Mines in Strait of Hormuz
The move would give the shipping and insurance industries some much-needed third-party assurance that the strait is safe after more than five months of military conflict.
Iran, Oman Say They Are Near Deal on Temporary Hormuz Route
Negotiations between the two countries have not involved the U.S., as the ongoing standoff between Iran and the Trump administration has intensified.
Water Levels Along Rhine, Danube Rivers Sink to Record Lows
Rhine River levels measured in Western Germany in Cologne and Lobith were lower than they were at any point since records began.
Saudi Ships Shun Red Sea Chokepoint for Rare Africa Journey
The threat by Iran-backed Houthi militants to attack vessels in the Red Sea has forced shipowners to reconsider sailing through the narrow Bab el-Mandeb strait.
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