The container ship Astrid Maersk, operated by AP Moller-Maersk A/S, sails from the port of Barcelona, Spain, on Thursday, April 30, 2026. Bloomberg | Bloomberg | Getty Images The chief executive of Maersk, one of the world’s largest shipping companies, said Thursday that one of its commercial vessels was able to successfully pass through the …
As geopolitical tensions ripple through global energy markets, oil prices have soared, but there’s an even better trade on energy volatility that investors have flocked to: the cost of moving crude. The Breakwave Tanker Shipping ETF (BWET), a little-known exchange-traded fund tied to crude oil tanker freight rates, has surged more than 600% year-to-date as …
Iran could allow ships to move safely through the Omani side of the Strait of Hormuz as part of proposals in ongoing talks with the United States, Reuters reported exclusively, citing a source familiar with Tehran’s position. “Iran could consider allowing ships to sail freely through the Omani side of the Strait of Hormuz without …
National Economic Council Director Kevin Hassett speaks to the press outside the White House, in Washington, Feb. 11, 2026. Anna Moneymaker | Getty Images President Donald Trump‘s top economic advisor Kevin Hassett said Thursday that getting even one oil tanker through the Strait of Hormuz would provide a “huge chunk of what’s missing” amid a …
Iran’s parliamentary speaker, Mohammad Bagher Ghalibaf, accused the U.S. on Wednesday of violating the two-week ceasefire agreement. “The deep historical distrust we hold toward the United States stems from its repeated violations of all forms of commitments — a pattern that has regrettably been repeated once again,” Ghalibaf said in a statement posted on social …
Garrett Mauch spreads manure as fertilizer on fields at his family’s farm in Lamar, Colorado, on January 21, 2026. RJ Sangosti | The Denver Post Via Getty Images | Denver Post | Getty Images The Strait of Hormuz shutdown caused by the war in Iran is jacking up fertilizer prices, hitting farmers in their pocketbooks …
Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Stringer | Reuters Insurance giant Chubb will be the lead underwriter for a U.S. government-led program to provide insurance …
Commercial ships anchor off the coast of the United Arab Emirates due to navigation disruptions in the Strait of Hormuz, Dubai on March 2, 2026. Stringer | Anadolu | Getty Images Oil supertanker costs in the Middle East climbed to their highest level on record as conflict between the U.S. and Iran disrupts shipping through …
Iranian Navy soldiers at an armed speed boat in Persian Gulf near the strait of Hormuz about 1320km (820 miles) south of Tehran, April 30, 2019. Morteza Nikoubazl | Nurphoto | Getty Images The escalating war in the Middle East has ratcheted up fears of prolonged disruption to global trade via key maritime corridors like …
This aerial view shows a cargo ship sailing out of the Panama Canal on the Pacific side in Panama City on October 6, 2025. Martin Bernetti | Afp | Getty Images Panama annulled key port contracts held by a subsidiary of Hong Kong-based CK Hutchison in its official gazette Monday, transferring interim operations of the …