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US Defends Waiver On Russian Oil Sanctions

US Defends Waiver On Russian Oil Sanctions

WASHINGTON, March 8 (Reuters) – Trump administration officials on Sunday defended a decision to temporarily lift some sanctions on Russianoil and predicted that a sharp increase in gasoline prices ...

Mar 8, 2026

Second Bulk Carrier Claiming To Be Chinese Passes Through Hormuz Bloomberg

Second Bulk Carrier Claiming To Be Chinese Passes Through Hormuz Bloomberg

Mar 7, 2026 (Bloomberg) –Another bulk carrier signaled it was Chinese-owned as it sailed through the Strait of Hormuz, the narrow waterway at the mouth of the Persian Gulf that’s been effectively c...

Mar 7, 2026

Washington Moves to Break Hormuz Shipping Paralysis With $20B Maritime Insurance Plan

Washington Moves to Break Hormuz Shipping Paralysis With $20B Maritime Insurance Plan

The Trump administration on Friday unveiled a $20 billion maritime reinsurance facility aimed at restoring confidence in commercial shipping through the Persian Gulf, moving to operationalize a fed...

Mar 6, 2026

U.S. Grants 30-Day Waiver Allowing India to Receive Russian Oil Cargoes Already at Sea

U.S. Grants 30-Day Waiver Allowing India to Receive Russian Oil Cargoes Already at Sea

The U.S. Treasury Department has issued a temporary sanctions waiver allowing Indian refiners to receive Russian crude oil cargoes already loaded on tankers, a narrowly targeted move aimed at preve...

Mar 5, 2026

US Pushes For Quickest Fixes To Boost Venezuela Oil Output

US Pushes For Quickest Fixes To Boost Venezuela Oil Output

Jan 24, 2026 (Bloomberg) –The US is in talks with Chevron Corp., other crude producers and the world’s biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fra...

Jan 25, 2026

Trump’s Move To Send US Ships To Mideast Renews Iran Threat

Trump’s Move To Send US Ships To Mideast Renews Iran Threat

Jan 23, 2026 (Bloomberg) –President Donald Trump has dispatched naval assets to the Middle East, prompting fresh speculation that he’ll follow through on threats to attack Iran’s senior leadership ...

Jan 24, 2026

Port of Los Angeles Posts Third-Best Year Ever, Tops 10.2M TEUs in 2025

Port of Los Angeles Posts Third-Best Year Ever, Tops 10.2M TEUs in 2025

The Port of Los Angeles handled 10.2 million twenty-foot equivalent units (TEUs) in 2025, cementing its position as America’s busiest seaport for the 26th consecutive year and delivering the third-...

Jan 23, 2026

FMC Commissioners Confirm Trump Administration Is Closing Longstanding Harbor Maintenance Tax Loophole

FMC Commissioners Confirm Trump Administration Is Closing Longstanding Harbor Maintenance Tax Loophole

Two Federal Maritime Commission commissioners confirmed Thursday that the Trump administration has begun implementing enforcement measures to close a decades-old tax loophole that allowed cargo rou...

Jan 22, 2026

Maritime Piracy Surges in 2025 as Singapore Straits Emerges as World’s Most Dangerous Waters

Maritime Piracy Surges in 2025 as Singapore Straits Emerges as World’s Most Dangerous Waters

The world’s busiest shipping lanes saw a dramatic surge in maritime piracy and armed robbery in 2025, with the Singapore Straits accounting for more than half of all reported incidents globally, ac...

Jan 21, 2026

Caribbean Becomes New Staging Ground for Venezuelan Crude

Caribbean Becomes New Staging Ground for Venezuelan Crude

By Weilun Soon (Bloomberg) — Tankers have begun discharging Venezuelan crude at Caribbean islands, publicly signaling their activity in a move that marks a new trade order after US exerted control ...

Jan 20, 2026

Tariff Shock Drives Canada Toward Beijing for Energy Lifeline

Tariff Shock Drives Canada Toward Beijing for Energy Lifeline

By Brian Platt (Bloomberg) — China and Canada are pushing to expand energy deals, with Prime Minister Mark Carney’s government looking to sell more oil and gas to the Asian economic power while cou...

Jan 19, 2026

Libya To Sign $2.7 Billion Partnership To Expand Misurata Free Zone Port

Libya To Sign $2.7 Billion Partnership To Expand Misurata Free Zone Port

Jan 18 (Reuters) – Libya will on Sunday sign a strategic partnership with international firms to expand and develop the Misurata Free Zone, attracting an estimated $2.7 billion in investment, Prime...

Jan 18, 2026