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Iran's Islamic Revolutionary Guard Corps has threatened to close "all other export corridors that benefit the U.S. and its allies", Iranian media reported, after Iran shut the Strait of Hormuz and the U.S. reimposed a naval blockade of Iranian ports."Regional energy exports are either shared by all, or denied to all," the IRGC said in a statement carried by Iran's IRNA state news agency on Wednesday.Analysts have said Iran has been signalling it may use its Houthi allies in Yemen to shut the Bab el-Mandeb gateway to the Red Sea, opening a new front against Washington and putting two of the world's most vital energy arteries at risk.

Iranian Missiles Hit Two UAE Oil Tankers, One Person Dead

2 days ago

One Indian crew member was killed and eight others were wounded when two Emirati oil tankers were struck by Iranian cruise missiles in the Strait of Hormuz, the United Arab Emirates Ministry of Defence said on Tuesday, in the latest escalation in the strategic waterway.Abu Dhabi National Oil Company's shipping arm ADNOC L&S later confirmed the very large crude carriers (VLCCs) Mombasa B and Al Bahiyah were struck while transiting Hormuz and had sustained "significant damage".UAE state oil giant ADNOC has been among the most active participants in a U.S.

Kongsberg Maritime to Acquire Berg Propulsion

3 days ago

Norwegian maritime technology company Kongsberg Maritime has agreed to acquire Swedish propulsion specialist Berg Propulsion in a move aimed at expanding its marine propulsion portfolio and strengthening its position across a wider range of vessel segments.Financial terms of the transaction were not disclosed, although Kongsberg Maritime said the acquisition was priced at approximately the same enterprise value-to-EBITDA multiple as its own current market valuation.The transaction remains subject to customary regulatory approvals and other closing conditions.

Oil Prices Dip Slightly Amidst Continued Middle East Tensions

10 minutes ago

Oil prices edged lower on Thursday but held near the highest since mid-June as the Iran war escalated, with Tehran asking Yemen's Houthi movementto be prepared to close the Red Sea oil export route.Brent crude futures were down 19 cents, or 0.2%, to $84.76 a barrel by 11:25 a.m. EDT. U.S. West Texas Intermediate futures were down 17 cents, or 0.2%, to $79.43 a barrel. At their session highs, both contracts were up more than 1%.On Wednesday, Brent futures settled at their highest since June 12, and WTI at the highest since June 15.Iran has asked the Houthis to stand ready to close the Red Sea oil route if the U.S. strikes Iranian power infrastructure, three sources told Reuters. This week, U.

US LNG Tanker Completes First Direct Sail to China Since Tariff Dispute

13 minutes ago

A vessel carrying U.S. liquefied natural gas has sailed directly from the U.S. to China for the first time since trade tensions between Washington and Beijing effectively halted direct shipments, vessel-tracking data showed.However, analysts say it may never enter China as the terminal's bonded storage facilities allow re-exports without import duties.Carrying a cargo loaded in early June from U.S. energy firm Venture Global LNG's VG.N Plaquemines export plant in Louisiana, the Al Fat'h LNG tanker arrived at the PipeChina Yangpu terminal in China's southern island province of Hainan on Wednesday into Thursday, according to vessel-tracking data from Kpler and Vortexa.

Maritime Reporter and Engineering News (June 2026)