Oman Suspends Oil Loading After Explosion Near Key Export Terminal

Oman Suspends Oil Loading After Explosion Near Key Export Terminal

Oil Operations Halted at Mina Al Fahal Oman has suspended crude oil loading operations at the Mina Al Fahal Terminal following an explosion near its offshore mooring berths. According to reports, the incident occurred close to facilities used for loading crude oil onto export tankers, prompting authorities and operators to halt operations while the situation […]

Iran Mulls Transit Fees on Ships in Strait of Hormuz, Lawmaker Says — A Potential Shift in Global Shipping Dynamics

Iran is considering a controversial proposal to impose transit fees on vessels passing through the strategically vital Strait of Hormuz, a move that could reshape the economics of global maritime trade and underscore Tehran’s increasing leverage over the crucial waterway. The proposal, disclosed by a senior Iranian lawmaker, comes amid heightened regional tensions and disruption […]