Peter Eavis
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Reporter at The New York Times. I cover the business of moving stuff around the world. Tips appreciated: peter.eavis@nytimes.com
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Articles by Peter Eavis
How a Little-Known Company Dominated the Persian Gulf Oil Trade
Oil shipments through the Strait of Hormuz have rebounded in the past few months, as tankers have braved constant Iranian attacks to get their cargo out of the Persian Gulf. The recovery rests largely on the efforts of an enigmatic South Korean shipping company. That company, Sinokor, has accounted for about a half of the tanker transits through the strait since the beginning of September, according to Lloyd’s List Intelligence, a maritime analysis firm.
New York Bought an Electric Ferry. The City Can’t Charge It.
Last year, New York’s leaders hailed the launch of a $33 million ferry that can run on electricity, saying the vessel was a bold step toward making the city’s transportation system cleaner. Even the ferry’s name, Harbor Charger, highlighted its ability to power up its Norwegian-made battery with electricity from the local grid. But the hybrid ferry, which does a roughly half-mile run between Lower Manhattan and Governors Island in New York Harbor, still lacks a charging station.
Attacks on tankers in Mideast surge, but oil exports remain steady
Iran is hitting a lot more tankers in the Strait of Hormuz, but ship operators are still going through the waterway, transporting oil in significant volumes. So far this month, 26 vessels have been struck, according to data from organizations that track maritime incidents, making it the most dangerous period for shipping during the war with Iran. On Wednesday, a 730-foot container ship sank after a projectile hit it.
Attacks on Tankers in Mideast Surge, but Oil Exports Remain Steady Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed. Iran has tried to use its power over shipping in the Strait of Hormuz as a strategic lever against the United States and Israel.Credit...Vahid Salemi/Associated Press Oct.
How Middle East Oil Exports Started Recovering How Middle East Oil Exports Started Recovering Original
How Middle East Oil Exports Started RecoveringHow Middle East Oil Exports Started Recovering Our business reporter Peter Eavis describes how oil exports from the Middle East have rebounded this month, getting closer to the levels seen before the Iran war. By Peter Eavis, Gilad Thaler, Nikolay Nikolov, Rafaela Balster, Edward Vega and Jon Miller October 1, 2026
Mideast Oil Exports Rebound Even as Prices Remain Elevated
You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load. Mideast Oil Exports Rebound Even as Prices Remain Elevated More tankers are moving through the Strait of Hormuz as shippers gain confidence, but the global supply of oil is still below demand. Vessels anchored this month in the Strait of Hormuz.Credit...Vahid Salemi/Associated Press Sept.
Why a U.S. Diesel Export Ban May Not Lower Prices
Why a U.S. Diesel Export Ban May Not Lower Prices President Trump has said he is considering restricting overseas sales of the fuel to bring down domestic prices, but experts say the policy will have many unintended effects. The price of diesel has been rising since the war with Iran began nearly seven months ago.Credit...Patrick T. Fallon/Agence France-Presse — Getty Images Sept.
Iran’s attacks keep the Strait of Hormuz in a lethal stalemate
For months the U.S. military has sought to protect tankers from Iranian attacks as they carry Persian Gulf oil through the Strait of Hormuz. But last week, a Saudi vessel trying to go through the strait was struck close to Oman’s coast, killing two of its crew members. Two other sailors died in attacks in August, making it the deadliest month in the strait for merchant seamen since March. At least 23 ships were hit in the waterway in July and August.
Iran’s Attacks Keep the Strait of Hormuz in a Lethal Stalemate
For months the U.S. military has sought to protect tankers from Iranian attacks as they carry Persian Gulf oil through the Strait of Hormuz. But last week, a Saudi vessel trying to go through the strait was struck close to Oman’s coast, killing two of its crew members. Two other sailors died in attacks in August, making it the deadliest month in the strait for merchant seamen since March. At least 23 ships were hit in the waterway in July and August.
How a trendy Canadian retailer is grappling with Trump’s tariffs
MONTREAL — As Canadian companies brace for the impact of President Donald Trump’s latest tariffs, a Montreal-based business has been trying to recover from the levies he introduced last year. Those tariffs helped push Ssense, a trendy online clothes retailer, into a financial meltdown that sent shock waves through much of the fashion world. Ssense’s website sells everything from a $7,000 Chloé dress to a $100 pair of Converse sneakers.
As Canadian companies brace for the impact of President Trump’s latest tariffs, a Montreal-based business has been trying to recover from the levies he introduced last year. Those tariffs helped push Ssense, a trendy online clothes retailer, into a financial meltdown that sent shock waves through much of the fashion world. Ssense’s website sells everything from a $7,000 Chloé dress to a $100 pair of Converse sneakers.
How the U.S. Navy is helping get oil through the Strait of Hormuz Original
Getting your Trinity Audio player ready... Only a few oil tankers braved Iran’s attacks to go through the Strait of Hormuz for much of the war, leading to a drastic reduction in how much crude reached world markets. But since May, the U.S. military has played a crucial role in getting millions of barrels of oil through the strait, helping to keep oil prices from rising further. The operation stealthily shepherds tankers through the southern part of the strait on routes close to Oman.
Como a Marinha dos EUA está ajudando a transportar petróleo pelo Estreito de Ormuz
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How the U.S. Navy is helping get oil through the Strait of Hormuz
Only a few oil tankers braved Iran’s attacks to go through the Strait of Hormuz for much of the war, leading to a drastic reduction in how much crude reached world markets. But since May, the U.S. military has played a crucial role in getting millions of barrels of oil through the strait, helping to keep oil prices from rising further. The operation stealthily shepherds tankers through the southern part of the strait on routes close to Oman.
The war’s forgotten captives
An aerial view of ships near the Strait of Hormuz, as seen from a plane near the United Arab Emirates. — Tomas Munita/The New York Times TRAPPED on a commercial ship anchored 6.5km off Iran’s coast, about two dozen merchant seamen are entering their fourth month of living under the watch of Iranian guards. Iran seized the vessel, the MSC Francesca, as it tried to pass through the Strait of Hormuz on April 22.
How the U.S. Navy Is Helping Get Oil Through the Strait of Hormuz
You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load. How the U.S. Navy Is Helping Get Oil Through the Strait of Hormuz With Iran making ship traffic perilous, a U.S. operation offers a way out for some energy exports, stealthily shepherding tankers on dangerous journeys. The U.S.S. Abraham Lincoln, in a handout photo, conducting operations related to the Strait of Hormuz in April.
The Iran war’s forgotten captives: Sailors trapped in the Persian Gulf
GENEVA — Trapped on a commercial ship anchored 4 miles off Iran’s coast, about two dozen merchant seamen are entering their fourth month of living under the watch of Iranian guards. Iran seized the vessel, the MSC Francesca, as it tried to pass through the Strait of Hormuz on April 22. Its sailors are from Montenegro, Indonesia, the Philippines and other countries. All are far from home. They have no idea when they might be released and very little contact with the outside world.
The Iran War’s Forgotten Captives: Sailors Trapped in the Persian Gulf
Trapped on a commercial ship anchored four miles off Iran’s coast, about two dozen merchant seamen are entering their fourth month of living under the watch of Iranian guards. Iran seized the vessel, the MSC Francesca, as it tried to pass through the Strait of Hormuz on April 22. Its sailors are from Montenegro, Indonesia, the Philippines and other countries. All are far from home. They have no idea when they might be released and very little contact with the outside world.
Two Ships Hit in Apparent Drone Strike at Egyptian Port
Two ships, one of them a U.S.-owned natural gas storage tanker, caught fire after an explosion at an Egyptian port on Wednesday, broadening the conflict in the Middle East. Three marine tracking companies reported the incident. One of the companies said the explosion, in the Egyptian Mediterranean port of Damietta, had been caused by a drone attack, though there was no official confirmation from Egyptian authorities or the ships’ owners.
Shipping Risks Rise Across Crucial Middle East Oil Routes Original
You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load. Ships transporting energy products out of the Middle East face a heightened risk of attack in two critical waterways, further disrupting the supply of oil and natural gas to world markets.
Shipping Risks Spread Across Crucial Middle East Oil Routes
LONDON -- Ships transporting energy products out of the Middle East face a heightened risk of attack in two critical waterways, further disrupting the supply of oil and natural gas to world markets. Fighting continued in the Middle East on Wednesday, with the United States and Iran launching missile attacks, and the conflict has slowed traffic through the Strait of Hormuz, the primary route for oil shipments out of the Persian Gulf.
Two Ships Hit in Apparent Drone Strike at Egyptian Port
Two ships, one of them a U.S.-owned natural gas storage tanker, caught fire after an explosion at an Egyptian port on Wednesday, broadening the conflict in the Middle East. Three marine tracking companies reported the incident. One of the companies said the explosion, in the Egyptian Mediterranean port of Damietta, had been caused by a drone attack, though there was no official confirmation from Egyptian authorities or the ships' owners.
Shipping Risks Spread Across Crucial Middle East Oil Routes
LONDON -- Ships transporting energy products out of the Middle East face a heightened risk of attack in two critical waterways, further disrupting the supply of oil and natural gas to world markets. Fighting continued in the Middle East on Wednesday, with the United States and Iran launching missile attacks, and the conflict has slowed traffic through the Strait of Hormuz, the primary route for oil shipments out of the Persian Gulf.
Maker of Drone Boats Used in Iran War to Open New Texas Shipyard
After its unmanned vessels recently drew attention in the Iran war, Saronic Technologies, a shipbuilding startup, announced Thursday that it would open a new facility in the United States to make both naval and commercial ships. Saronic CEO Dino Mavrookas said the company would break ground this year on an 850-acre shipyard in Brownsville, Texas, and begin building vessels there by 2028.
Maker of Drone Boats Used in Iran War to Open New Texas Shipyard Original
Maker of Drone Boats Used in Iran War to Open New Texas Shipyard Saronic Technologies will make naval and commercial vessels at the facility. The company’s naval drone helped rescue the crew of a downed Apache helicopter last month.
Trump’s Strait of Hormuz Fee Could Double the Cost of Shipping Original
You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load. Trump’s Strait of Hormuz Fee Could Double the Cost of Shipping The potential expense of a 20 percent charge to move oil and other goods through the strait has stirred concern among shippers. Two vessels off the coast of Oman last month.
Shippers face deepening dilemma as U.S. and Iran vie for control of Persian Gulf
Harry Vafias, a CEO of a shipping company, recently got one of his vessels out of the Persian Gulf on a route protected by the U.S. military. But after Iran and the United States attacked each other last week, all but ending the truce the countries agreed to last month, Vafias, the head of Athens-based StealthGas said he was holding off on moving another ship through the Strait of Hormuz.
Shippers face deepening dilemma as U.S. and Iran vie for control of the Gulf
Harry Vafias, a CEO of a shipping company, recently got one of his vessels out of the Persian Gulf on a route protected by the U.S. military. But after Iran and the United States attacked each other this week, all but ending the truce the countries agreed to last month, Vafias, the head of StealthGas, based in Athens, said he was holding off on moving another ship through the Strait of Hormuz.
Shippers Face Deepening Dilemma as U.S. and Iran Vie for Control of the Gulf
Shippers Face Deepening Dilemma as U.S. and Iran Vie for Control of the Gulf Companies desperately want to get their ships moving through the Strait of Hormuz, but face mounting risks. “Things are becoming uglier by the minute,” one executive said. Ships anchored off Oman’s coast near the Strait of Hormuz.
Los nuevos ataques de Irán y EE. UU. entorpecen la recuperación del tráfico marítimo en el Golfo
Los ataques se produjeron después de que el tráfico por el estrecho de Ormuz alcanzara los niveles más altos desde el inicio de la guerra de Estados Unidos en Irán. La reanudación de los ataques por parte de las fuerzas de Irán y Estados Unidos amenazó la incipiente recuperación del comercio en el golfo Pérsico, donde el tráfico por el estrecho de Ormuz había alcanzado recientemente los niveles más altos desde el inicio de la guerra.
Los nuevos ataques de Irán y EE. UU. entorpecen la recuperación del tráfico marítimo en el Golfo
You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load. Los nuevos ataques de Irán y EE. UU. entorpecen la recuperación del tráfico marítimo en el Golfo Los ataques se produjeron después de que el tráfico por el estrecho de Ormuz alcanzara los niveles más altos desde el inicio de la guerra de Estados Unidos en Irán.
Renewed Strikes Threaten Setback to Shipping Recovery in Persian Gulf
A renewal of strikes by the forces of Iran and the United States is threatening the nascent recovery of shipping in the Persian Gulf, where traffic through the Strait of Hormuz recently rose to the highest levels since the start of the war.
Renewed Strikes Threaten Setback to Shipping Recovery in Persian Gulf Original
A renewal of strikes by the forces of Iran and the United States threatened the nascent recovery of shipping in the Persian Gulf, where traffic through the Strait of Hormuz recently rose to the highest levels since the start of the war. The attacks over the past three days showed that both countries are willing to use military force to gain the upper hand in the strait, prompting many ship operators to remain wary of the waterway, a crucial choke point for oil and gas shipments from the gulf.
Iran Strikes Ship in Strait of Hormuz, Undermining Efforts to Restore Traffic
BEIRUT -- Iran's armed forces struck a container ship that was passing through the Strait of Hormuz on Thursday, according to U.S. and Iranian officials, undermining efforts to restore shipping traffic through the crucial waterway. The attack came hours after Iran, demonstrating its hold over the strait, had warned ships that the only route through the vital pathway for oil and natural gas was through its waters.
Movement Through Strait of Hormuz Is Halted After Attack on Cargo Ship The strike on a vessel near the coast of Oman prompted a U.N. agency to pause an evacuation of ships from the Persian Gulf. Vessels in the Strait of Hormuz near Musandam, Oman, early this month.Credit...Reuters June 25, 2026, 3:38 p.m. ET Iran’s military struck a container ship in the Strait of Hormuz on Thursday, according to a U.S. official, undermining efforts to restore shipping traffic through the crucial waterway.
Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz
Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.
Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz
When Iran shut down the Strait of Hormuz during its war with the United States and Israel, countries and companies responded in ways that stopped the price of oil from reaching stratospheric levels and shielded most economies from major shocks. More oil was pumped through pipelines, and nations around the world released their oil reserves, mitigating a global shortage.
Movement Through Strait of Hormuz Is Halted After Attack on Cargo Ship
Iran's military struck a container ship in the Strait of Hormuz on Thursday, according to a U.S. official, undermining efforts to restore shipping traffic through the crucial waterway. The ship, the Ever Lovely, was attacked after Iran agreed last week to let shipping vessels pass through the strait safely.
U.N. Sets Plan to Evacuate Stranded Ships Out of Persian Gulf
U.N. Sets Plan to Evacuate Stranded Ships Out of Persian Gulf The International Maritime Organization, working with multiple countries, said it has ensured that vessels can sail safely through the Strait of Hormuz after months of being idled.
U.N. Sets Plan to Evacuate Stranded Ships Out of Persian Gulf
A United Nations agency said Tuesday that it had started a plan to evacuate the hundreds of ships and thousands of mariners that became stranded in the Persian Gulf during the U.S.-Israeli war against Iran. The International Maritime Organization said the operation to move vessels through the Strait of Hormuz would be carried out in cooperation with the United States, Oman and Iran, among other Gulf states.
Shipping firms, awaiting details, are cautious of U.S.-Iran deal
The preliminary deal to end the war between the United States and Iran seeks to quickly reopen the Strait of Hormuz, but companies said Monday that they need more details before navigating the waterway. Since late February, when the United States and Israel attacked Iran, the strait has been effectively closed, leaving hundreds of ships stranded in the Persian Gulf, unable to transport oil and gas to global markets.
Shipping Firms, Awaiting Details, Are Cautious of U.S.-Iran Deal
Shipping Firms, Awaiting Details, Are Cautious of U.S.-Iran Deal Shipowners welcomed the agreement to reopen the Strait of Hormuz, but said they would need more security guarantees before resuming transits. Vessels in the Strait of Hormuz, as seen from Musandam, Oman, on Monday.Credit...Reuters Jenny Gross, based in London, and Peter Eavis in New York have been writing about the shipping disruptions in the gulf since the war began.
Shipping Firms, Awaiting Details, Are Cautious of U.S.-Iran Deal
You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load. Shipowners welcomed the agreement to reopen the Strait of Hormuz, but said they would need more security guarantees before resuming transits.
Shipping Firms, Awaiting Details, Are Cautious of U.S.-Iran Deal
The preliminary deal to end the war between the United States and Iran seeks to quickly reopen the Strait of Hormuz, but companies said Monday that they need more details before navigating the waterway. Since late February, when the United States and Israel attacked Iran, the strait has been effectively closed, leaving hundreds of ships stranded in the Persian Gulf, unable to transport oil and gas to global markets.
Even With U.S. Help, Little Oil Has Gone Through Strait of Hormuz
President Donald Trump said the U.S. military had been helping ships and oil move through the crucial Strait of Hormuz. But while the United States appears to be doing more to get ships through the strait, its efforts have not led to a big recovery in shipping traffic. The number of ships passing through the strait every day is still far lower than it was before the war with Iran began.
Shipping Firms, Awaiting Details, Are Cautious of U.S.-Iran Deal
The preliminary deal to end the war between the United States and Iran seeks to quickly reopen the Strait of Hormuz, but companies said Monday that they need more details before navigating the waterway. Since late February, when the United States and Israel attacked Iran, the strait has been effectively closed, leaving hundreds of ships stranded in the Persian Gulf, unable to transport oil and gas to global markets.
Even With U.S. Help, Little Oil Has Gone Through Strait of Hormuz
President Donald Trump said the U.S. military had been helping ships and oil move through the crucial Strait of Hormuz. But while the United States appears to be doing more to get ships through the strait, its efforts have not led to a big recovery in shipping traffic. The number of ships passing through the strait every day is still far lower than it was before the war with Iran began.
US Military Efforts in the Strait of Hormuz
Even as the United States tries to negotiate an end to the war with Iran and open the Strait of Hormuz, President Donald Trump said the U.S. military had been helping ships and oil move through the crucial waterway. But while the United States appears to be doing more to get ships through the strait, its efforts have not led to a big recovery in shipping traffic. The number of ships passing through the strait every day is still far lower than it was before the war with Iran began.
Even With U.S. Help, Little Oil Has Gone Through Strait of Hormuz
Even With U.S. Help, Little Oil Has Gone Through Strait of Hormuz President Trump said more than 200 commercial vessels had safely traveled through the strait. That’s still far fewer than before the start of the war.
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