Iranian Ship Attacks Threaten Middle East Oil Exports as Tanker Traffic Slows
- On Sunday, October 11, six commercial ships were struck by projectiles in the Strait of Hormuz, marking the highest number of successful maritime attacks reported on any single day since the war began.
- Tehran escalated attack tempo to disrupt the recent recovery in Gulf oil supply, with analyst Barun Gupta suggesting Iran aims to increase pressure before the U.S. midterm elections.
- Data indicates 24 ships were hit in the two weeks leading to Sunday, while the International Maritime Organization reports 24 seafarer deaths in the area since the conflict began on February 28.
- Daily oil transit through the waterway collapsed to 2.9 million barrels on October 11, threatening the rebound in energy exports that had recovered to more than 81 percent of pre-war levels.
- U.S. Central Command rejected Iranian assertions of control over the strait, maintaining that American forces continue assisting regional partners in shipping more than 19 million barrels of crude oil.
45 Articles
45 Articles
Global freight costs surge 130% as Middle East tensions continue to rattle shipping routes: Report
Since February 2026, global container freight rates have surged, largely influenced by ongoing Middle Eastern unrest. In contrast, India's container trade remains robust, showing a remarkable 23% increase in September 2026. Exports to the US experienced a staggering 48% year-over-year rise. While major ports reported growth, non-major ports struggled, highlighting the contrasting landscape. Notably, shipping lines may be poised to return to the …
U.S. Gains Short-Term From Hormuz Crisis, and China Gains Long-Term From It
19 October 2026, by Eric Zuesse. (All of my recent articles can be seen here.) While ‘news’-media have been loaded with opinion and ‘analysis’ articles about which of the major powers will gain and which loose from the Hormuz crisis, two think tanks have published serious actual analyses of it, and here are the findings […]
Global Container Freight Prices Surge 130% Since February Amid Middle East Tensions: Jefferies
Get latest articles and stories on Business at LatestLY. Global container freight rates have surged 130 per cent since February 2026 amid renewed tensions in the Middle East, raising concerns over shipping costs as India's container-based export-import trade continues to grow, according to a report by Jefferies. Business News | Global Container Freight Prices Surge 130% Since February Amid Middle East Tensions: Jefferies.
The West Australian
CountrymanConflict in Middle East driving up fert and logistic prices
Fertiliser giants have warned that sourcing and supply are becoming less predictable amid developing geopolitical conflict which is pushing freight costs up as suppliers look for alternative trade routes
Today, Friday, shipping officials confirmed that the US-Iran war led to significant changes in global ship fuel procurement patterns, with shipping companies increasingly relying on immediate and short-term purchases to cope with sharp price fluctuations and ensure greater flexibility in supply management.
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