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| Scope | National, Trade/B2B |
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| Language | English |
| Country | United States of America |
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Recent Articles
Search ArticlesHormuz Shipping Traffic in Single Digits: Data
?Vessel Transits in the Strait of Hormuz decreased slightly on Wednesday?to?seven,?compared to the?previous?day?s 12 preliminary shiptracking data revealed on Thursday. Levels were also lower than the 10 day average of 14. According to data, out of seven vessels, four exited and three entered. Transponders on some vessels may be turned off, and they are not counted. One of the 'exits' was a very large crude carrier,?Finland prosperity - which carried nearly 2,000,000 barrels.
Officials say that eight people were injured by sea drones near the Black Sea resort of Sochi in Russia.
Telegram reported that eight people were injured by sea drones in the popular resort at the Black Sea, Sochi. The post stated that the beach infrastructure in Sochi had been damaged to a certain extent. The official residence of Russian President Vladimir Putin is located in Sochi. On a post on social media, people were heard scream as weapons and an explosion were seen from a Sochi embankment. The video was confirmed?by. Attacks using sea drones are less frequent.
Iran is likely to reverse engineer captured US underwater drone
Iran's capture a U.S. underwater drone allows Tehran to study and possibly reverse engineer the vessel. This is a major setback for Anduril and the Pentagon. Anduril and the U.S. military have played down the importance of the drone ending up in Iranian hands. The Dive-LD underwater vehicle, designed for long range surveillance and other missions undersea, is part of a new generation military drones that are intended to run for days without human intervention.
Black Sea War headlines: GRAINS-Wheat drops amid profit-taking
Chicago wheat futures fell on Wednesday, as the market weighed up diplomatic efforts to 'end Russia's conflict with Ukraine against continued disruption of Black Sea exports. Analysts said that profit-taking following a "steady rise in prices" also weighed. The price of corn and soybeans has eased.?With?attention now turning to U.S. Department of Agriculture (USDA) forecasts for Friday, which will provide a gauge of damage caused by weather in the Midwest.
Brent Crude Oil Prices Rise Above $100/Barrel
Brent crude futures breached $100 a barrel on Wednesday for the first time since late July after Iran and the U.S. struck tankers in the biggest wave of attacks on shipping since the war began, threatening to worsen the ongoing impairment of energy supplies from the Middle East. Front-month Brent crude futures were up $3.04, or 3.1%, at $100.95 a barrel as of 1:39 p.m. EDT (1739 GMT), after touching a high of $101.58.
WTO: Global Goods Trade Strengthens Despite Uneasy Politics
Global trade in goods has strengthened from June despite geopolitical and policy-related uncertainties, the World Trade Organization said on Wednesday, signaling resilience in merchandise flows even as risks remain elevated. The September reading of the WTO's barometer tracking merchandise trade growth was 102, an improvement from the June barometer of 101.7, with growth remaining above trend. The WTO publishes its Goods Trade Barometer four times a year.
US Court Reverses NJ permit for Williams NESE Natural Gas Pipeline
The U.S. Third Circuit Court of Appeals reversed a key New Jersey water permit for U.S. energy company Williams Cos' long-delayed Northeast Supply Enhancement (NESE) natural gas pipeline project in Pennsylvania, New Jersey and New York. The court said in a ruling on Tuesday that it granted petitions by environmental groups, vacated the Water Quality Certification and remanded the case to the New Jersey Department of Environmental Protection (NJDEP).
Iraqi Oil Tanker Hit Amidst US-Iran Attacks
A tanker carrying about 2 million barrels of Iraqi fuel oil was struck by a drone in Iraqi territorial waters on Wednesday, port officials said, and British navy-affiliated UKMTO reported that several merchant vessels in the Gulf had been hit by disabling fire overnight. A fire broke out aboard the Panama-flagged oil tanker New Andros after it was hit in Iraqi waters at around 6 a.m. (0300 GMT) on Wednesday, two Iraqi port officials told Reuters.
US, Iran Strike Oil Tankers in Biggest Attack Wave Since War's Start
Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war. The attacks sent the price of oil surging, with benchmark Brent crude LCOc1 futures breaching $100 a barrel for the first time since July. At least one seafarer aboard a tanker was reported killed and another listed as missing.
American Rose wins Women's ILCA Worlds 6 as the racing heats up
The ILCA 6 'Women’s World Championship is led by American Charlotte Rose on Wednesday as the 108-strong?fleet splits into Gold &?Silver for a?decisive?phase of??racing? on Dublin Bay. Rose, who is two points ahead of a field stacked with Olympians, after winning both races Tuesday, said Gold Fleet racing was a 'fresh start' but she would not change her approach.