Iran's IRGC strikes tanker in Strait of Hormuz and threatens wider maritime attacks
Iran's Revolutionary Guard said on Friday that it set an oil tanker ablaze in the Strait of Hormuz and warned that future action against vessels it considers to be violating rules would not be limited to the narrow waterway. The force said it targeted the engine room and propulsion system of the MV Sun Shine, which it identified as belonging to Natwit, after the ship tried to use what it described as an unauthorised route through the southern part of the strait. The attack caused a fire on board, according to the statement.The Guard also said it would pursue and... [Continue Reading]
360LiveNews | 09 Oct 2026 15:59 LONDON
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Iran strikes tankers outside Hormuz in signs of expanding campaign
Iran's armed forces struck two commercial tankers outside the Strait of Hormuz within 24 hours this week, in what appeared to be a deliberate widening of attacks beyond the narrow waterway. The incidents took place in waters off Qatar and near Fujairah in the Gulf of Oman, both outside the strait that is central to global energy shipping. The reported attacks have raised concern that maritime insecurity in the region may be spreading into a broader area.The UK Maritime Trade Operations agency said several projectiles hit the oil and chemical tanker Acers, which was flagged in Antigua and Barbuda, 51... [Continue Reading]
360LiveNews | 08 Oct 2026 15:30 LONDON
Strait of Hormuz shipping slows as tanker bonuses surge amid Iran war
Shipping through the Strait of Hormuz has fallen to its lowest level since July, according to shipping data cited in the supplied material, even as some tanker captains are being offered unusually large bonuses to take the route. The development points to a widening gap between the strategic importance of the waterway and the willingness of crews to transit it under current conditions. It also suggests that the maritime disruption around the Gulf is now affecting both traffic patterns and labour costs.The supplied material says some captains are earning base salaries of as much as $100,000, plus a $50,000 bonus... [Continue Reading]
360LiveNews | 08 Oct 2026 12:29 LONDON
Tanker hit by multiple projectiles off Qatar coast, UKMTO says
A tanker sailing off the north coast of Qatar was struck by multiple projectiles on Wednesday, according to the United Kingdom Maritime Trade Operations agency. The incident took place about 94 kilometres north of Madinat ash Shamal, within Qatar's exclusive economic zone. UKMTO said casualties were reported and that authorities were investigating the attack.The agency did not say how many people were killed or injured, and it did not identify the vessel or say where it was registered. It also did not give any indication of who may have carried out the attack. Qatar has not publicly commented on the... [Continue Reading]
360LiveNews | 08 Oct 2026 04:29 LONDON
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Oil and stocks swing on renewed Iran war fears and Middle East supply concerns
Oil prices moved sharply on Wednesday as traders reacted to renewed fears of disruption to Middle East supply routes. Prices rose after reports that Iran appeared to be stepping up attacks on tankers in the Strait of Hormuz, then fell later in the session after officials signalled that more reserves could be released if needed. The swings also fed through to US financial markets, where stocks weakened and government bond yields climbed to their highest levels in more than two decades.The immediate trigger was a warning cited in the supplied material that tanker attacks in the Strait of Hormuz may... [Continue Reading]
360LiveNews | 08 Oct 2026 02:30 LONDON
Iran oil transit speculation grows as exports through Hormuz stay elevated
A new report has added to speculation over how oil continues to move through the Strait of Hormuz despite persistent security risks. Provisional data from maritime tracking firm Kpler suggests crude exports from the wider Middle East exceeded pre-war levels on four days in the final week of September, reaching between 19.5 million and 22.5 million barrels per day. The figures come as analysts continue to weigh whether the flow of tankers is being sustained by military escort, ship-to-ship transfers, or some form of payment to secure passage.The latest discussion was prompted by comments from Michelle Brohard, Kpler's head of... [Continue Reading]
360LiveNews | 05 Oct 2026 14:30 LONDON
Iran says Strait of Hormuz will stay closed until US meets conditions
Iran's parliament speaker has said the Strait of Hormuz will remain closed until the United States accepts Tehran's conditions, sharpening an already tense dispute over one of the world's most important energy routes. Mohammad Bagher Ghalibaf said the waterway would not reopen until Iran's seven conditions, which he linked to the Islamabad memorandum, are met. He also said Washington had sent proposals through a mediator after responding to Iran's diplomatic offer.Ghalibaf said the era of "wasting time and dictating unilateral demands" was over, and insisted Iran's position was "clear and definite". He added that Iran was "present on the military... [Continue Reading]
360LiveNews | 04 Oct 2026 12:29 LONDON
IEA says 325 million barrels released as G7 adds new diesel and crude drawdown
The International Energy Agency said member countries have now released about 325 million barrels of oil and oil-derived products from strategic reserves since March. That is more than 80% of the 400 million barrels originally pledged in the agency's collective action. The update came as G7 leaders agreed to immediately release 100 million barrels of diesel and crude oil in response to supply concerns.The agency said the 325 million barrels represented the amount released so far under the March commitment, leaving 75 million barrels still outstanding. The G7 did not say whether its new 100 million-barrel plan includes that remaining... [Continue Reading]
360LiveNews | 03 Oct 2026 16:02 LONDON
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