Iran Ready To Let Japanese Ships Use Hormuz As Chinese, Indian Tankers Already Allowed Passage

Iranian Drones Strike EU Country In War First The Iran war has just for the first time, and rather quickly given it's only the third day of the conflict, expanded to include an EU nation in the Mediterranean. Iranian-made drones have reached Cyprus and at least one has made ground impact. But they may have been launched from nearby Lebanon. The British Royal Air Force (RAF) base in Akrotiri, Cyprus came under attack Monday morning, with an Iranian drone striking the runway in the early hours, several reports say. This comes...

Maersk Slaps Emergency Fuel Surcharge As War Upends Marine Supply Chains Submitted by Michael Kern of OilPrice.com, The war in the Middle East has upended shipping fuel markets with prices of marine fuels skyrocketing and regions running low on supply, pushing some traders to forgo cargo and ship additional fuel volumes to key bunkering ports outside the Middle East. The price of fuel oil has surged this month as the stalled tanker traffic at the Strait of Hormuz is tightening supplies of the fuel in Asia, the key bunkering hub for fuel...