A soldier stands on the guided-missile destroyer USS Paul Hamilton in the Strait of Hormuz
Shipping shrugs off Hormuz Strait incidents
Despite contradictory claims of increased tensions in Mideast Gulf waters and possible rapprochement between the US and Iran, the situation appears business as usual for freight
Washington and Tehran are once again in talks. The discussions are not public but likely address issues such as prisoners, regional conflicts and tensions, the US-led sanctions on Iran and the Islamic Republic’s a ambitions. And while the enmity between the two countries might seem impossible to bridge, the two parties were able to reach a wide-ranging accommodation relatively recently. The 2015 JCPOA deal loosened sanctions in exchange for Iran halting its nuclear projects, although of course that deal was subsequently scrapped when the Republicans retook the White House. But for a brief window while the JCPOA was in place, Iranian crude flowed into the market, including deliveries to Europ
Also in this section
30 May 2025
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas
29 May 2025
Sovereignty is the watchword for the new government, but there are still upstream opportunities for those willing to work closely with the state
29 May 2025
A cautious approach to coal-to-gas switching offers lessons to others who are looking to balance cost with cleaner energy
28 May 2025
The country may have the resources, but sanctions and a lack of market access make its gas ambitions look very questionable
