Shipping

2 articles

Cargo ships transiting the Strait of Hormuz at sunset, with Iranian and Omani coastlines visible, symbolizing international maritime trade and geopolitical significance.

Iran and Oman to work on pact for Hormuz transit fees

Iran and Oman have signed a memorandum of understanding to begin work on an agreement regarding the future administration of the Strait of Hormuz and to examine charging maritime service fees.

David Chen·June 24, 2026

Three large Indian oil supertankers sailing through the Strait of Hormuz, part of a larger convoy of ships, under a clear sky.

Markets

Indian Tankers Transit Hormuz Strait Amid Traffic Surge

On Saturday, three Indian supertankers, carrying over 860,000 metric tons of crude oil, along with 52 other vessels, safely navigated the Strait of Hormuz.

Alex Petrenko·June 21, 2026