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Running thin
Good morning, friends — our apologies for the late arrival in your inboxes this afternoon. It’s a heavy one as…
Hormuz traffic slows to near zero as a make-or-break deadline falls today
Just five commodity vessels made the crossing on Saturday and none on Sunday ahead of a ceasefire memorandum deadline today
Houthi threats in Bab Al Mandab are pushing Saudi crude onto the one corridor that still works
The workaround moves barrels to Europe cheaply and Asia expensively, and it’s strengthening the case for Gulf investments in Egyptian…
Suez Canal traffic recovers as Maersk, Hapag-Lloyd shift Asia-Europe service away from Cape route
Plus: Portugal eyes electricity interconnection with Morocco
US-Iran peace talks are off to a rocky start after signing 14-point MoU
The Gulf is racing to load crude as the Hormuz risk premium lingers
Hormuz faces slow recovery as shippers weigh ceasefire risks and mine-clearing delays
A signature reopens the strait. Rebuilding trust with insurers and bankers takes months
Iran turns away from fresh round of talks after US seizes cargo ship
Optimism builds — but the Strait of Hormuz remains unpredictable
Wartime Hormuz crossings peaked over the weekend, but it's a far cry from peacetime rates
Some tankers have reportedly paid around USD 1 per barrel through Iran’s toll booth play Flows in Hormuz are moving,…
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