Tag: shipping

Tanker Freight Fund Soars 3,600% as U.S.-Iran Conflict Squeezes Hormuz

The Breakwave Tanker Shipping ETF has surged roughly 3,600% in 2026 as the U.S.-Iran conflict disrupts shipping through the Strait of Hormuz.

Vessel Struck in Strait of Hormuz Ahead of Iran-Oman Talks in Muscat

A vessel was struck in the Strait of Hormuz on Saturday as Iran and Gulf states prepared to meet in Oman on Monday over a shipping route agreement.

Houthis Seize Yemen’s Entire Red Sea Coast Near Bab al-Mandab Strait

Yemen's Houthi forces have taken control of nearly the entire western Red Sea coastline near the Bab al-Mandab Strait, a key global shipping and oil route.

Tanker Struck in Strait of Hormuz as Traffic Plunges 95 Percent

An oil tanker was hit in the Strait of Hormuz on Wednesday as shipping through the corridor fell about 95 percent, driving up insurance and freight costs.

Iran and Oman Discuss Joint Shipping Lane Through Strait of Hormuz

Iran and Oman opened talks Tuesday on a jointly managed shipping route and mine-clearing mission through the Strait of Hormuz.

Maersk Shares Jump 7% After Profit Beat and Raised Full-Year Outlook

A.P. Moller-Maersk shares surged as much as 7% after the shipping giant beat profit estimates and raised its full-year earnings guidance.

Houthi Attack Kills Six on Cargo Ship in Bab al-Mandeb Strait

Six crew members were killed after a suspected Houthi attack set an Egyptian-owned cargo ship ablaze in the Bab al-Mandeb strait, the first Red Sea shippin

Crude Prices Climb as Iran Sets Conditions for Reopening Strait of Hormuz

Oil prices climbed as Tehran demanded an end to a US naval blockade before reopening the Strait of Hormuz, deepening uncertainty in energy markets.

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