Offshore News


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What Happens to Oil if Iran Permanently Taxes Hormuz Traffic?
What would the implications be for the oil market if Iran decided to permanently tax/toll traffic through the Strait of Hormuz?
8:00 PM EST | May 20, 2026
NATO Is Starting to Consider Hormuz Mission
Such a move would represent a shift in the military alliance's strategy toward the U.S.-Israeli war in Iran.
8:00 PM EST | May 18, 2026
Trump Says He Didn't Ask Xi to Pressure Iran on Strait
Trump said he stopped short of asking Xi to lean on Iran to ease traffic through the passage, but predicted the Chinese leader would do so.
8:00 PM EST | May 14, 2026
UK Gov to Introduce Energy Independence Bill
'My Ministers believe that energy independence must be a long-term goal of national security', King Charles said in the 2026 King's Speech.
8:00 PM EST | May 13, 2026
Norden Assumes Its Ships Will Be Stuck in Hormuz All Year
One of the world's largest commodity shipping companies is planning for a scenario in which the Strait of Hormuz remains effectively shut for the rest of the year.
8:00 PM EST | May 11, 2026
Trump Says USA-Iran Ceasefire is on 'Massive Life Support'
'I would say the ceasefire is on massive life support where the doctor walks in and says, 'sir, your loved one has approximately a one percent chance of living',' U.S. President Donald Trump said.
8:00 PM EST | May 11, 2026
North America Adds Rigs Again
North America added two rigs week on week, according to Baker Hughes' latest North America rotary rig count.
8:00 PM EST | May 10, 2026
Brent Oil Price Futures Understating Physical Market Stress
Brent futures are understating physical market stress, analysts at BMI, a unit of Fitch Solutions, said.
8:00 PM EST | May 07, 2026
Adnoc LNG Tankers Go Dark to Get Gas Through Hormuz
Abu Dhabi National Oil Co. has managed to keep a trickle of liquefied natural gas exports moving through the Strait of Hormuz by concealing tanker locations.
8:00 PM EST | May 06, 2026
Iran Sets Out Process for Hormuz Transit, Shipowners Wary
Iran has laid out an updated process for ships seeking to transit Hormuz, but several shipowners said they remained cautious about sending their vessels through until there are more details.
8:00 PM EST | May 05, 2026
Trump Pauses Project Freedom for 'Short Period'
'Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time', U.S. President Donald Trump said.
8:00 PM EST | May 05, 2026
USA Says Iran Ceasefire Still in Place
The U.S. played down the prospect of a return to active war with Iran.
8:00 PM EST | May 04, 2026
Shipping Freeze Deepens in Strait of Hormuz
Traffic through the Strait of Hormuz remained largely frozen amid increasing tensions.
8:00 PM EST | May 03, 2026
Trump Rues State of Iran Talks
President Donald Trump expressed displeasure with the current state of negotiations with Iran but stopped short of threatening fresh military action.
8:00 PM EST | April 30, 2026
Inventories Acting as Shock Absorber of Global Oil System
'In this war driven oil shock, inventories have become the market's primary balancing mechanism', J.P. Morgan analysts said.
8:00 PM EST | April 30, 2026
Wright Says Hormuz Can Open Without Clearing All Mines
Not all mines placed by Iran in the Strait of Hormuz need to removed for ships to resume transiting the vital passageway, U.S. Energy Secretary Chris Wright said.
8:00 PM EST | April 27, 2026
Market Correctly Pricing in Ongoing Supply Risks
Naeem Aslam, CIO Zaye Capital Markets, highlighted that Brent crude was holding strong.
8:00 PM EST | April 27, 2026
Iran Linked Oil Tankers Boarded by USA Are Reversing Course
Two Iran linked oil tankers that U.S. forces interdicted near Sri Lanka last week appear to have halted their westward course in the Indian Ocean and turned around.
8:00 PM EST | April 26, 2026
Alarm Bells Will Ring Loudly If Hormuz Doesn't Open in May
Alarm bells will ring loudly if the Strait of Hormuz does not reopen during May, SEB Chief Commodities Analyst Bjarne Schieldrop stated.
8:00 PM EST | April 26, 2026
White House Extends Shipping Waiver to August
President Donald Trump's administration has given a 90-day extension to a shipping waiver making it easier to move oil, fuel and fertilizer around the United States.
8:00 PM EST | April 23, 2026
Q1 Dallas Fed Energy Survey Gets Update
The first quarter Dallas Fed Energy Survey has received an update 'in response to recent developments in the global oil market', a statement sent to Rigzone revealed.
8:00 PM EST | April 23, 2026
There Is a High Risk Being Short Energy, Analyst Warns
There is a high risk being short energy and betting on any immediate political resolution in the Iran conflict, according to SEB Commodities Analyst Ole R. Hvalbye.
8:00 PM EST | April 23, 2026
UK Energy Sec Says North Sea Is an 'Important Resource'
'I do not agree with those who say we should 'turn off the taps' overnight', UK Energy Secretary Ed Miliband said.
8:00 PM EST | April 22, 2026
Iran Fires on Hormuz Ships
Iranian gunboats fired on commercial ships in the Strait of Hormuz while the U.S. intercepted two of the Islamic Republic's oil tankers.
8:00 PM EST | April 21, 2026
Iran Ceasefire Extension Reduces Immediate Escalation Risk
'The extension of the Iran ceasefire has reduced immediate escalation risk', Naeem Aslam, CIO at Zaye Capital Markets, said.
8:00 PM EST | April 21, 2026
Don't Mistake Easing Oil Prices for Calm, Analyst Warns
Oil prices are easing, but don't mistake that for calm, SEB Commodities Analyst Ole R. Hvalbye warned.
8:00 PM EST | April 20, 2026
Xi Urges Ceasefire, Full Hormuz Transit in Saudi Call
China's President Xi Jinping broke his silence on the standoff over the Strait of Hormuz.
8:00 PM EST | April 19, 2026
Iran Says Hormuz Strait Now Completely Open
Iran announced that the Strait of Hormuz is now 'completely open' for commercial traffic.
8:00 PM EST | April 16, 2026
Analyst Flags Peace Momentum but Gives Oil Market Warning
SEB Commodities Analyst Ole R. Hvalbye issued an oil market warning.
8:00 PM EST | April 14, 2026
Eni Announces 2 Tcf Gas Find Offshore Egypt
Eni announced a 'significant' gas and condensate discovery offshore Egypt.
8:00 PM EST | April 13, 2026
North America Loses Rigs For 7 Straight Weeks
North America dropped 10 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
8:00 PM EST | April 13, 2026
Oil Sharply Reprices Lower
'The market remains highly headline-driven', Naeem Aslam, CIO at Zaye Capital Markets, warned.
8:00 PM EST | April 07, 2026
North America Drops More Rigs Week on Week
North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.
8:00 PM EST | April 06, 2026
1 of 7 Stranded Malaysian Vessels Sails Through Hormuz
Malaysia has maintained cordial diplomatic ties with Iran.
8:00 PM EST | April 06, 2026
Hormuz Traffic Rises to Highest in Weeks
Traffic through the Strait of Hormuz has climbed to its highest levels since the early days of the war.
8:00 PM EST | April 05, 2026
DOI Says USA Energy Production Hit Record Levels in 2025
'American energy leadership is a cornerstone of our economic strength and national security', Secretary of the Interior Doug Burgum said.
8:00 PM EST | April 02, 2026
Trump Says Ceasefire Only Possible When Hormuz Reopens
U.S. President Donald Trump said he'll only consider a halt to attacks on Iran when the Strait of Hormuz is reopened.
8:00 PM EST | March 31, 2026
Another Greek Oil Tanker Exits Hormuz
Another Greek-controlled oil tanker has crossed the Strait of Hormuz.
8:00 PM EST | March 30, 2026
Trump Tells Allies to Fight for Fuel or Buy From USA
President Donald Trump lashed out at allies for not supporting the U.S. war in Iran.
8:00 PM EST | March 30, 2026
Crude Oil Markets Holding Firm
Crude oil markets are holding firm in a geopolitically driven but macro-sensitive environment, Naeem Aslam, CIO at Zaye Capital Markets, said.
8:00 PM EST | March 30, 2026
North America Drops 33 Rigs Week on Week
North America dropped 33 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
8:00 PM EST | March 29, 2026
Greek Shipowner Sends Another Tanker Out Through Hormuz
A Greek shipowner sent another oil tanker outbound through the Strait of Hormuz.
8:00 PM EST | March 27, 2026
Treasury Sec Says Hormuz Insurance Program to Start Soon
Treasury Secretary Scott Bessent said a U.S. insurance program meant to boost shipping through the Strait of Hormuz will begin soon.
8:00 PM EST | March 26, 2026
Rystad Issues Oil Warning
'The floor has moved up, so has the ceiling', Rystad Energy said.
8:00 PM EST | March 25, 2026
USA Shale Producers Not Poised to Quickly Boost Output
U.S. shale producers 'are not poised to quickly ramp up production', according to Matthew Bernstein, Rystad Energy VP North America Oil & Gas.
8:00 PM EST | March 24, 2026
ADNOC CEO Says Weaponizing Hormuz is Economic Terrorism
'Weaponizing the Strait of Hormuz is not an act of aggression against one nation; it is economic terrorism against every nation', Ahmed Al Jaber, ADNOC's managing director and group CEO, said.
8:00 PM EST | March 24, 2026
Iran Rejects USA Peace Plan
Iran said it rejected a U.S. ceasefire proposal and maintained attacks on Israel and Gulf Arab states.
8:00 PM EST | March 24, 2026
North America Drops 21 Rigs Week on Week
North America dropped 21 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
8:00 PM EST | March 23, 2026
Iran Charges Some Ships Hormuz Transit Fees
Iran has started charging transit fees on some commercial vessels passing through the Strait of Hormuz.
8:00 PM EST | March 23, 2026
OEUK Says New Polling Shows Public Backs Homegrown Energy
'New UK wide polling commissioned by OEUK shows overwhelming public support for using the UK's own oil and gas resources alongside renewables to strengthen national security', OEUK said.
8:00 PM EST | March 23, 2026