The new pipeline is expected to add to the UAE's existing Habshan-Fujairah line, which can move as much as 1.8 million barrels a day.

Tensions are escalating again near the Strait of Hormuz after a ship anchored off the United Arab Emirates was seized and taken toward Iran and another was attacked and sank near the coast of Oman.

The Strait of Hormuz crisis is reshaping global oil flows in ways that would have seemed unusual just months ago. One of the clearest examples is that the US is now shipping crude to Australia, a market that typically relies far more heavily on Asia and the Middle East for supply.

The platform settles cargo cover in Bitcoin under a plan for marine policies and certificates that could generate $10 billion for Iran.

Emboldened by its blockade of the Strait of Hormuz, Iran is turning to one of the hidden arteries in the global economy: subsea cables beneath that carry vast internet and financial traffic between Europe,

The following is the May 4, 2026, Congressional Research Service report The Strait of Hormuz in Brief: Non-Oil Shipments and Effects on U.S. Shippers. From the Report Before U.S. and Israeli military operations began against Iran on February 28,

Syria is trying to turn a regional crisis into an economic reset. With the Strait of Hormuz shut during the latest Middle East war, oil and goods from Iraq and Gulf states are being rerouted overland to Syrian Mediterranean ports,

Tehran has launched a formal body to manage and charge ships for transit through the Strait of Hormuz in a highly-contested move as tankers pile up in the waterway and peace talks remain deadlocked.Vi