Bitumenmag

Iran Says Seven Vessels Hit in Fresh Gulf Incidents as Maritime Risk Escalates Again

Oct 22, 2026

According to WPB, maritime risk around the Persian Gulf and Strait of Hormuz has intensified again after Iran’s Islamic Revolutionary Guard Corps N...

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Middle East Oil Flows Surpass Pre-War Levels at 24 Million BPD Despite Hormuz Attacks

Oct 21, 2026

According to WPB, Middle Eastern oil flows have climbed above their pre-war level for the first time on a weekly basis, despite continued attacks on ...

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Supertanker Rates Retreat From Record Highs as Gulf of Oman Demand Softens

Oct 18, 2026

According to WPB, global supertanker freight rates have begun to retreat from record highs, with the benchmark for Very Large Crude Carriers moving o...

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GFS Pride Sinks Near Hormuz as Four Commercial Ships Are Hit in Fresh Attack Wave

Oct 15, 2026

According to WPB, the Singapore-flagged container ship GFS PRIDE has sunk near the Strait of Hormuz after sustaining damage and catching fire during ...

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Iran Reportedly Expands Maritime Attack Strategy Beyond Hormuz as Five Shipping Incidents Emerge in 48 Hours

Oct 14, 2026

According to WPB, maritime security risks around the Strait of Hormuz may be entering a broader phase after at least five incidents involving tankers...

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Hormuz Reopening Talks Stall as Iran Calls U.S. Response to Seven Conditions Insufficient

Oct 12, 2026

According to WPB, efforts to restore normal maritime passage through the Strait of Hormuz have stalled after Iran described the U.S. response to its ...

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VLCC Freight to China Hits $80 Million as Record Shipping Costs Reshape Asian Crude Trade

Oct 10, 2026

According to WPB, the cost of transporting a full Very Large Crude Carrier cargo from the U.S. Gulf to China has reached approximately $80 million, p...

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IMO Confirms 93 Middle East Shipping Incidents as Hormuz Security Risks Continue Into October

Oct 07, 2026

According to WPB, the number of confirmed maritime incidents recorded in and around the Strait of Hormuz and the wider Middle East has risen to 93 as...

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U.S. Proposes $10 Billion Gulf Energy Rebuild Fund to Reduce Reliance on Hormuz

Sep 22, 2026

According to WPB, the United States has proposed a new investment fund that could eventually mobilize around $10 billion to rebuild damaged Middle Ea...

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Hormuz Oil and LNG Flows Hit Six-Month High, CENTCOM Says, but Independent Traffic Data Remain Mixed

Sep 20, 2026

According to WPB, energy flows through the Strait of Hormuz appear to be improving, but the picture is still far from clear. The head of U.S. Central...

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Gulf Crude Exports Climb Back Above 10 Million Bpd as Shipping Adapts to Hormuz Disruption

Sep 13, 2026

According to WPB, crude oil exports from major Gulf producers have climbed back above 10 million barrels per day for the first time in roughly two mo...

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Hormuz Transit Costs Surge to $10–20 Million as War-Risk Premiums Hit 10% of Cargo Value

Sep 09, 2026

According to WPB, the cost of moving an oil cargo through the Strait of Hormuz has climbed to as much as $10 million to $20 million in some cases, pr...

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UAE Builds New Hormuz-Bypass Trade Corridors, but Bitumen Still Needs Dedicated Logistics

Sep 08, 2026

According to WPB, the United Arab Emirates is accelerating the expansion of ports, pipelines and alternative trade corridors outside the Strait of Ho...

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Hormuz Route Risk Escalates as Iran Says It Targeted Three Tankers Using Unauthorized Passage

Sep 06, 2026

According to WPB, maritime risk in the Strait of Hormuz has escalated further after Iran’s Islamic Revolutionary Guard Corps Navy said it targeted ...

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South Korea Weighs Military Options to Support Hormuz Navigation as Asian Energy Security Risks Rise

Sep 05, 2026

According to WPB, South Korea is reviewing practical measures to support freedom of navigation through the Strait of Hormuz, including options that c...

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Washington Puts Shipping at the Center of Iran Sanctions as Gulf Trade Faces a New Compliance Squeeze

Aug 25, 2026

According to WPB, the United States has placed shipping at the center of a broader sanctions campaign against Iran, creating a new layer of exposure ...

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Iran’s Hormuz Vessel Blacklist Creates a Two-Sided Compliance Trap for Bitumen Shipping

Aug 24, 2026

According to WPB, Iran has added a new layer of commercial risk to shipping through the Strait of Hormuz by publishing a list of dozens of vessels it...

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France and Saudi Arabia Turn Hormuz Bypass Talks Into a Logistics Task Force

Aug 23, 2026

According to WPB, France and Saudi Arabia are moving discussions over alternatives to the Strait of Hormuz into a more formal energy and logistics pr...

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Iraq Just Approved a Three-Month Hormuz Bypass: Could Its Bitumen Trade Be Next to Move Outside the Gulf?

Aug 19, 2026

According to WPB, Iraq has moved its search for alternatives to the Strait of Hormuz from emergency planning toward a defined commercial mechanism. O...

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Hormuz Nears Zero Tracked Traffic: Is FOB Gulf Losing Meaning for Bitumen Buyers?

Aug 17, 2026

According to WPB, the Strait of Hormuz is approaching a point where the conventional way of pricing Gulf bitumen may no longer tell buyers enough abo...

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