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Finance & Markets

Iran declares maritime restricted zone in Gulf of Oman

Iran’s Revolutionary Guards announced on Wednesday that a maritime restricted area will stretch from Chabahar in Iran into portions of the Gulf of Oman and the Arabian Sea. The exact coordinates of the zone will be disclosed at a later time, according to the IRGC spokesperson. The declaration comes after Mohsen Rezaei, secretary of Iran’s ...

hellenicshippingnews.com ·2026-09-09

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Footsie suffers biggest slump for two months as oil price surges back above $100 a barrel

The FTSE 100 index fell 1.3%, or 141.6 points, to 10,670.06, its lowest level for nearly seven weeks. It was the sharpest decline since early July.

2026-09-09 ·thisismoney.co.uk

Europe & Africa Fuel Availability Outlook

Northwest Europe Fuel availability in ARA is tight for prompt deliveries, with buyers advised lead times between 5-7 days for most fuel grades, a trader told ENGINE.

Northwest Europe's fuel supply tight, lead times 5-7 days
ARA's fuel oil stocks up 15% in September
Africa's fuel availability varies, tight in some ports

2026-09-09 ·hellenicshippingnews.com

Brazil's electric boom lures Trafigura and Macquarie

Trafigura and Macquarie, large commodities companies, seek to profit from increasing price volatility.

2026-09-09 ·bloomberg.com

Kuwait preparing for long US-Iran disruption, plans to buy more ships

Kuwait Petroleum Corp. is preparing for a long period of trade-flow disruption amid the ongoing US-Iran conflict, and plans to boost its own ship fleet to have better control over its supplies, a…

Kuwait Petroleum Corp. preparing for prolonged trade disruption due to US-Iran conflict.
Company plans to increase ship fleet to control supply and mitigate disruptions.
KPC aims to transition from crisis management to longer-term operating model.

2026-09-09 ·hellenicshippingnews.com

Fearnleys Week 37 2026

The VLCC positions list is now so tight that no one would be too surprised if we see the WS 400 mark breached for a Source: Fearnleys A.S

2026-09-09 ·hellenicshippingnews.com

Six months into Hormuz blockade, Qatar and UAE test ways to keep LNG moving

LNG exporters are looking for ways around the disruption in Hormuz, with three Gulf cargoes recently moved using ship-to-ship transfers (STS) as Qatar and UAE exports remain far below pre-war levels.

Qatar and UAE test ship-to-ship transfers to keep LNG moving
Three LNG cargoes moved in August using costly process
Qatar lost $24 billion in gas sales during first six months

2026-09-09 ·hellenicshippingnews.com

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