SAPARMYRAT TURKMENBASY

U.S. President Donald Trump's move allowing foreign-flagged cargo ships to move fuel and other goods between domestic ports has so far had little impact on American oil supply, according to trade data and analysts who noted that U.S. refiners and shippers are earning more profits sending fuel overseas.Last month, Trump waived Jones Act limitations for 60 days starting March 17, hoping the move would help tame the surge in fuel prices caused by the Iran war by increasing shipments from the U.S. Gulf Coast to other coastal markets in the country.So far, however, shipping data shows the move has not boosted U.S. oil flows between domestic ports. Instead, U.S.

Two vessels loaded with liquefied natural gas (LNG) from Ras Laffan, Qatar, turned back after they moved eastward towards the Strait of Hormuz, ship-tracking data showed on Monday.Had the vessels successfully crossed the strait, it would have been the first transit of LNG cargoes through the waterway since the U.S.-Israel war with Iran began on February 28.Data from analytics firms Kpler and LSEG showed the vessels, Al Daayen and Rasheeda, loaded their cargoes in late February. The data also indicated that the Al Daayen tanker was signalling for China at the moment.Additionally, Kpler data showed both tankers as controlled by QatarEnergy.

A cargo ship carrying wheat sank in the Sea of Azov after coming under attack from Ukrainian drones, a Russia-installed official said on Sunday, leaving one person dead and two missing.Vladimir Saldo, Moscow-installed leader of the Russian-controlled parts of Ukraine's Kherson region, said the attack occurred on Friday but crew members were unable to make known what had happened to them until Sunday."It became known that the reason for the sinking of the Volgo-Balt in the Sea of Azov was a terrorist attack by the Kyiv regime," Saldo wrote on Telegram.He said the crew abandoned ship and was only able to reach shore on Sunday near the village of Strilkove in Kherson region.

Damen Shipyards Group has launched the NRP D. João II a Multi-Purpose Vessel (MPV) 10720 for the Portuguese Navy. The vessel entered the water at Damen Shipyards Galati in Romania on April 7. The launch event took place in the presence of Vice Admiral Pires on behalf of the Portuguese Navy, Rear Admiral Neculae representing the Romanian Naval Forces, His Excellency Paulo Alves Cunha, Ambassador of Portugal in Romania, and Her Excellency Mrs Willemijn van Haaften, Ambassador of the Kingdom of the Netherlands to Romania.

Oil prices climbed on Tuesday and U.S. crude was on track for its highest close since 2022 ahead of a deadline set by U.S. President Donald Trump for Iran to open the Strait of Hormuz or face attacks on power plants and other infrastructure.Brent futures rose 63 cents, or 0.6%, to $110.40 a barrel at 10:41 a.m. EDT (1441 GMT), while U.S. West Texas Intermediate (WTI) crude rose $3.95, or 3.5%, to $116.36.Typically WTI trades at a discount to Brent, but this has reversed in a market where barrels for earlier delivery command a higher price. The benchmark WTI contract is for May delivery while Brent is for June.