The United States has announced a new set of sanctions aimed at increasing pressure on the government of Venezuelan President Nicolás Maduro. These sanctions focus on three nephews of Maduro, several businessmen,

Daily rates for chartering vessels to transport crude oil, LNG, iron ore, and wheat have surged dramatically in 2025 due to route disruptions, sanctions, and tight supply, with oil tanker rates skyrocketing by 467%.

The United States and its allies may need to to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.Even then, the conventional naval and air capabilities of Western and Gulf powers tasked ...

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Luke Vargas: The cost of Shipping oil between the world's ports continues to soar with the daily spot price for some crude tankers now 11 ...

A shortage of supertankers is tightening the market and causing oil tanker charter rates to surge by 467% as new vessels race empty to load crude amid rising supply and sanctions.

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. Two of the largest crude tanker firms agreed to merge Thursday in a deal that ...

Over the past 12 months, global container shipping rates have steadily declined to their long-term averages as supply chain snarls have receded and backups at ports have disappeared. Now, another segment of the cargo shipping industry is seeing day rates ...

(Reuters) - A nuclear-powered U.S. submarine and another U.S. vessel collided on Friday in the Strait of Hormuz but there was no damage to the atomic propulsion unit, the U.S. Navy said. Around 40 percent of globally traded oil leaves the Gulf region ...

Top oil shipping companies say they have tightened operational guidelines and deployed technology to prevent accidental breaches of sanctions, as the countries hit by ever tougher restrictions fight back with elaborate strategies to dodge them. By Jonathan ...

The U.S. ‌government ​carried out its seizure ‌of the M/T Skipper off the coast of Venezuela ​on Wednesday just as a judge-signed warrant was set to expire, according to ‍the document which was ​unsealed on Friday.