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The Suezmax requires a lightering agent to transfer the crude to smaller ships, as its size and weight restrict it from directly entering the port. Shipping companies are worried that lightering the Iranian crude onto their vessels would lead other oil buyers to shun their ships on future voyages, one of those people said. "Our legal team said 'absolutely not,'" he added, saying the ship has yet to find any willing party to transfer the oil. A Western industry expert said the inability to discharge the cargo is partly out of fear of repercussions from Iran. The Middle East oil exporter has threatened retaliation against any oil company unloading Iranian oil from the seized tanker.
Persons: Suez Rajan, Arathy Somasekhar, Jonathan Saul, Timothy Gardner, Parisa, Matthew Lewis Organizations: U.S, Shipping, U.S . Coast Guard, U.S . Customs, Border Protection, Department of Justice, Thomson Locations: Texas, Suez, Marshall, Galveston, Houston, Iran, U.S, London, Washington, Dubai
If the Black Sea is closed, the Danube is one of the main routes which we will need to use," he told Reuters by phone. Police said Danube grain warehouses had been hit on Monday in a drone attack along with tanks for storing other cargo. Since Monday's air strikes, the Danube channel has seen shipping disruptions, although it was unclear why there was a slowdown of vessel traffic. INSURANCE RATES RISEInsurance sources have said war risk cover for Ukraine's ports that was part of the defunct Black Sea grain deal had been suspended with some insurance providers reviewing provisions for Danube ports. The attack on the Danube infrastructure followed a week of Russian strikes that hit grain-related infrastructure at Odesa's main ports.
Persons: Russia's, Denys Marchuk, Carlos Mera, Mera, Marchuk, Danilov, Olena Harmash, Sybille de La, Tom Balmforth, William Maclean Organizations: Ukrainian Agrarian, Reuters, Police, EU, Romania, Agri Commodities Markets Research, Rabobank, Insurance, Kyiv, Russia, CMA CGM, National Security, Defence Council, Thomson Locations: KYIV, Moscow, Odesa, Reni, NATO, Russia, Izmail, Ukraine, China, Chornomorsk, Ukrainian, Italy, Kyiv, Western, Paris
LONDON, July 24 (Reuters) - Almost 30 ships dropped anchor near Ukraine's crucial Izmail port terminal after Russia destroyed grain warehouses on the Danube river on Monday, data showed, although it was unclear exactly what had caused them to stop. Monday's pre-dawn Russian air strikes wounded seven people and hit infrastructure along the Danube, a vital alternative route for Ukrainian grain since the demise last week of a year-old deal allowing safe exports via the Black Sea. Kyiv said the attack was an expansion of an air campaign Russia launched last week after pulling out of the grain deal. Insurance industry sources have said war risk cover for Ukraine's ports that were part of the previous grain deal had been suspended. On Monday, three sources said some providers were also reviewing whether to continue to provide cover for Danube ports.
Persons: Monday's, Odesa, David Smith, Jonathan Saul, Olena, Carolyn Cohn, Philippa Fletcher Organizations: Insurance, McGill, Reuters, Thomson Locations: Russia, Kyiv, Izmail, Reni, Ukraine, London
CNN —A Swedish court has fined environmental activist Greta Thunberg after finding her guilty of disobeying law enforcement, a Malmö City Court spokesperson told CNN Monday. The court imposed a fine of approximately $144, in the form of 30 daily fines of 50 Swedish krona ($4.80), according to the Malmö City Court spokesperson. CNN has reached out to the Greta Thunberg Foundation for comment. Irma Kjellström, spokesperson for activist group Ta Tillbaka Framtiden, which organized the June protest, said Thunberg was one of many young people blocking oil tankers. In January, Thunberg was detained by police during a protest in the village of Lützerath, Germany, over the expansion of a coal mine.
Persons: CNN —, Greta Thunberg, Thunberg, Greta, Irma Kjellström, Organizations: CNN, Prosecutors, Locations: Malmö, Swedish, Lützerath, Germany
North Korea, formally named Democratic People's Republic of Korea (DPRK), has been under U.N. sanctions for its missiles and nuclear programs since 2006. The Security Council has also blacklisted several ships for sanctions busting. The satellite images to be provided to China show some of those ships using its territorial waters. "We encourage the Chinese government again to do more to identify and prevent these vessels from anchoring or loitering in Chinese territorial waters," the letter said. China has repeatedly said it abides by U.N. Security Council sanctions resolutions.
Persons: United Nations Cho Hyun, Mike Segar, China's U.N, Zhang Jun, Zhang, Michelle Nichols, Richard Chang Organizations: United Nations, General Assembly, . Security, REUTERS, UNITED NATIONS, European Union, United, Reuters, DPRK, Democratic People's, Security, UN, U.N . Security, Thomson Locations: China, Russia, North Korea, U.N, New York City , New York, U.S, Korea, Sansha Bay, United States, Canada, France, Germany, Italy, Japan, Britain, Australia, New Zealand, South Korea, Democratic People's Republic of Korea, DPRK, Pyongyang
Russia and Ukraine have exchanged threats this week to ships sailing through the Black Sea. The Kremlin then went much further, warning it may attack any vessels it believes are bound for Ukraine, effectively turning the Black Sea into a no man's land. They added that Moscow even published a video claiming to have detected and detonated an alleged Ukrainian sea mine. "Our information indicates that Russia laid additional sea mines in the approaches to Ukrainian ports. Turkish-flagged bulker TQ Samsun, carrying grain under UN's Black Sea Grain Initiative, transits Bosphorus in Istanbul, Turkey July 18, 2023.
Persons: Biden, Adam Hodge, António Guterres, , Matthew Miller, Lasalle, Mark Duncan, Washington didn't Organizations: Service, United Nations, AP, White, Security, REUTERS, Black Sea Initiative, UN, US State, US Naval Institute Locations: Russia, Ukraine, Moscow, Wall, Silicon, Kremlin, Odesa, Ukrainian, Kyiv, Crimea, Azov, Samsun, Istanbul, Turkey, Iran, Persian, Iraq, Hormuz, Kuwait, Soviet, Iraqi, American
Photographer: Ben Nelms/Bloomberg via Getty ImagesThe supply chain is in turmoil again with International Longshore & Warehouse Union West Coast Canada members walking off the job after a key union caucus voted down a tentative deal that had temporarily ended the West Coast ports strike last week. Rob Ashton, president of the ILWU Canada, said in a statement that it did not believe the recommendations had the ability to protect union jobs. His group estimated that the first strike would cause an average 6-8 weeks of supply chain disruption before conditions would return to normal. The National Association of Chemical Distributors told CNBC some chemical companies are expected supply chain congestion until October as a result of the strike. Critical chemicals that go into food, cleaning, water purification, and personal care, among many others, flow through the West Coast ports of Canada and down to the United States.
Persons: Prince Rupert, of Prince Rupert in Prince, Trudeau, He's, Kinder Morgan, Ben Nelms, Rob Ashton, Seamus O'Reagan, " O'Regan, Steve Lamar, Lamar, Vancouver and Prince Rupert, Destine Ozuygur, Ozuygur, Eric Byer, Byer, HLS, Captain Adil Ashiq, Ashiq, Paul Brashier, BCMEA Organizations: Prince Rupert Grain Ltd, Canadian, Enbridge Inc, Kinder, Kinder Morgan Inc, Bloomberg, Getty, Warehouse Union, Coast Canada, British Columbia Maritime Employee Association, Canada's Labor, Canada's Transport, Canada Industrial Relations Board, Logistics, CNBC, American Apparel and Footwear Association, Railway Association of Canada, U.S, Port, HLS Shipping, Association of American Railroads, National Association of Chemical Distributors, Canadian National Railroad, Government, ., U.S ., ITS Logistics Locations: of, of Prince Rupert in Prince Rupert, British Columbia, Canada, Petroliam Nasional, West, British, Vancouver, U.S, Port of Vancouver, eeSea, United States, . West Coast, East Coast, China, U.S . West Coast, U.S . East Coast, North America, East, Asia
The US military is deploying fighter jets and a warship to the Middle East to deter Iran's forces. Iranian boats have repeatedly harassed and tried to seize commercial ships transiting the region. AP Photo/Petros KaradjiasCENTCOM's area of responsibility encompasses several million square miles of land across or 21 countries in the Middle East and Central and South Asia. Tehran's naval ships tried to capture two oil tankers on July 5 as they were transiting through international waters and even opened fire on one of them. The US and Iran have maintained a contentious relationship throughout the Biden administration, and Washington has repeatedly accused Tehran of threatening regional security in the Middle East and even harming American service members.
Persons: Defense Lloyd Austin, Thomas Hudner, Sabrina Singh, Singh, Elizabeth, Petros Karadjias, Biden Organizations: Pentagon, Service, Defense, US, AP, US Navy, US Air Force Locations: Wall, Silicon, Strait, Hormuz, Gulf of Oman, Petros Karadjias CENTCOM's, East, Central, South Asia, Iran, Iranian, US, Washington, Tehran, Syria, State, Yemen
WASHINGTON, July 17 (Reuters) - The United States will send additional F-35 and F-16 fighter jets, along with a warship to the Middle East, the Pentagon said on Monday, in a bid to monitor key waterways in the region following Iran's seizure and harassment of commercial shipping vessels in recent months. "The (Pentagon) is increasing our presence and ability to monitor the (Strait of Hormuz) and surrounding waters," Pentagon spokeswoman Sabrina Singh told reporters. It was not clear where exactly the additional jets would be placed and how long they would stay in the region. Since 2019, there have been a series of attacks on shipping in strategic Gulf waters at times of tension between the United States and Iran. Iran denies seeking nuclear weapons, which the West sees as a threat to Israel and Gulf Arab oil exporters.
Persons: Biden, Sabrina Singh, Donald Trump's, Joe Biden, Idrees Ali, Jonathan Oatis Organizations: Pentagon, White, U.S . Navy, Thomson Locations: United States, Hormuz, Iran, Gulf of Oman, Oman, Washington, Israel, Gulf
CNN —A Russian surveillance aircraft flew above a US base in Syria for an “extended period of time” on Friday morning in what officials deemed an intelligence collecting mission, a senior defense official said. The official said there was a “lot of protest over the deconfliction line” established with Russia in Syria, which Russia brushed off. Despite the increased aggression from Russian aircraft, the official said there is no apparent willingness to get into an escalation with American forces, nor is there an American desire to engage Russian forces. There has, though, been a “qualitative difference” in Russian military flights in Syria and how they interact with US aircraft, the official said. The growing stability of the Syrian regime may also contribute to the willingness to interact with American aircraft.
Persons: Antonov, would’ve, , “ We’re, they’re, Organizations: CNN, Al, Force, US, Kremlin, American, US Navy Locations: Russian, Syria, Tanf, Iraq, Russia, Ukraine, Kyiv, Gulf of Oman, Iran, Hormuz, Iranian
Two large oil tankers unload at the 300,000-ton crude oil terminal in Yantai Port, Shandong Province, China, July 9, 2023. The International Energy Agency on Thursday cut its global oil demand growth forecast for the first time this year, primarily citing a worsening economic outlook that weighs "especially heavy" on wealthy countries. The world's leading energy watchdog said global oil demand is now on track to climb by 2.2 million barrels per day in 2023 to reach an average of 102.1 million barrels per day. China is set to account for 70% of the demand growth increase, the IEA said. This forecast nevertheless represents a downward revision of 220,000 barrels per day from last month's report, when the IEA predicted an increase of 2.4 million barrels per day of worldwide growth.
Organizations: International Energy Agency, IEA, Federal, Brent, U.S, West Texas Locations: Yantai Port, Shandong Province, China, London
London CNN —The price of Russian crude oil has risen above a price cap set by the Group of Seven nations, in the first “real test” of whether the West can enforce one of its key sanctions against Moscow. “This is the first real test of the price cap sanctions,” Matthew Wright, a senior freight analyst at Kpler, told CNN. “High interest rates, declining economic activity in China, and a potential recession in the West,” have depressed oil prices globally. The smaller gap shows that the G7 price cap is “having a diminishing impact on Russian oil revenues,” Richard Bronze, co-founder and head of geopolitics at Energy Aspects, told CNN. Despite rising oil prices, buyers like India are unlikely to turn their backs on Russian oil, said Wright at Kpler.
Persons: ” Matthew Wright, Wright, “ It’s, Russia —, That’s, ” Richard Bronze, Natalia Kolesnikova, , Tim Lister Organizations: London CNN, Group, Moscow, Argus Media, European Union, Argus, EU, CNN, Organization of, Petroleum, Gazprom, US Treasury, International Energy Agency, IEA Locations: China, India, Europe, Russia, OPEC, Ukraine, Brent, Moscow, AFP, Western, Kpler, Russian, Saudi Arabia
To determine which states have the best economy, we look at overall economic growth and annual job growth on a percentage basis, as well as the health of state finances. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. IndianaWhile the Hoosier State's economy is hardly a barnburner, Indiana offers stability. The state's debt rating is solid. UtahThe Beehive State's economy just keeps buzzing.
Persons: Christina, Dupont De Nemours, Incyte Carlos Hernandez, Eileen T, Meslar, Eli Lilly, Kyle Green, Lucas Jackson, George Frey, Zions, Tim Aeppel, , Justin Sullivan, Lindsey Nicholson, Matthew Busch, payrolls, Jim Watson Organizations: Companies, Business, Getty, Bureau, AAA, Reuters, Indiana, Hoosier, Federal Housing Finance Agency, National Association of Realtors, Simon Property, Bloomberg, Gem, Data Solutions, Micron Technology, Lamb Weston Holdings, South, South Carolina, Union Pacific, Automotive Designs, . Tennessee The Volunteer State, Headquarters, FedEx, Tractor, Delta Airlines, Peach State, Assurant, Intercontinental Exchange, Universal, North, Bank of America, Duke Energy, Just Energy Group, Texas, Lone Star State, Oracle, Tesla, AFP Locations: U.S, States, Wilmington , Delaware, Delaware, Middlebury , Indiana, , Indiana, CBH, Calvary Springs, Nampa , Idaho, Idaho, California, York County , South Carolina, South Carolina, Palmetto, South, Salt Lake City , Utah, Utah, Bristol , Indiana, Tennessee, Alpharetta , Georgia, Georgia, Denver , North Carolina, North Carolina, Houston , Texas, The Texas, Texas, New York, Miami , Florida, Florida
The MT Arman 114 was carrying 272,569 metric tons of light crude oil, valued at 4.6 trillion rupiah ($304 million), when it was seized last week, the Indonesian authorities said. The Very Large Crude Carrier (VLCC) was suspected of transferring oil to another vessel without a permit on Friday, the Southeast Asian nation's maritime security agency said. "MT Arman was spoofing their automatic identification system (AIS) to show its position was in the Red Sea but in reality it is here," Aan told reporters. Along with the Arman, authorities detained its Egyptian captain, 28 crew and 3 passengers, who were the family of a security officer on board, the agency said. A "shadow" fleet of tankers carrying oil from sanctioned Iran, Russia and Venezuela has been transferring cargoes in the Singapore Strait to avoid detection, a Reuters analysis showed this year.
Persons: Arman, Stefanno Sulaiman, Fransiska, Lincoln, Clarence Fernandez Organizations: Indonesia's Maritime Security Agency, AIS JAKARTA, Malaysian, Thomson Locations: Marore, Cameroon, Iranian, Indonesia's North Natuna, Iran, Russia, Venezuela, Singapore, Indonesia, Panamanian
LONDON, July 6 (Reuters) - Iran's Revolutionary Guards "forcibly seized" a commercial ship in international waters in the Gulf on Thursday and the vessel was possibly involved in smuggling, a U.S. Navy spokesperson said. The U.S. Navy had monitored the situation and decided not to make any further response, U.S. 5th Fleet spokesperson Commander Tim Hawkins said. Iran said on Thursday it had a court order to seize one of the tankers sailing in Gulf waters on Wednesday after it collided with an Iranian vessel. read moreTehran seized two other tankers in May including the Marshall Islands flagged Advantage Sweet, which had been chartered by Chevron. read moreSince 2021, "Iran has harassed, attacked or seized nearly 20 internationally flagged merchant vessels", the U.S. Navy said this week.
Persons: Tim Hawkins, Ambrey, Hawkins, Jonathan Saul, Hugh Lawson, Andrew Heavens Organizations: Guards, U.S . Navy, . 5th Fleet, Richmond, Marshall, Chevron, Thomson Locations: Gulf, U.S, British, Saudi, Dammam, Iran, Hormuz, Oman, Gulf of Oman, Iranian, Bahamas, Chevron, Tehran
While the statement does not identify Thunberg by name, a spokesperson for the Swedish Prosecution Authority, Annika Collin, confirmed to CNN that the woman referred to is Thunberg. The charges relate to Thunberg’s participation in a protest organized by the activist group Ta Tillbaka Framtiden, which blocked oil tankers in part of Malmö harbor. “Today, for the third day in a row, young activists from @tatillbakaframtiden have blocked oil tankers in the Malmö oil harbour. Irma Kjellström, spokesperson for Ta Tillbaka Framtiden, said Thunberg was one of many young people blocking oil tankers. In January, Thunberg was detained by police during a protest in the village of Lützerath, Germany, over the expansion of a coal mine.
Persons: CNN —, Greta Thunberg, , Annika Collin, ” Thunberg, Irma Kjellström, Ta, Thunberg, Organizations: CNN, CNN — Sweden’s, Authority, Swedish Prosecution Authority, Locations: Malmö, , Lützerath, Germany
Iran says it had court order to seize Chevron tanker
  + stars: | 2023-07-06 | by ( ) www.reuters.com   time to read: +2 min
DUBAI, July 6 (Reuters) - Iran said on Thursday it had a court order to seize a tanker in Gulf waters a day earlier after it collided with an Iranian vessel, one of two tankers the U.S. Navy said it prevented Iran from commandeering. The Richmond Voyager, a Bahamas-flagged oil tanker, had collided with an Iranian vessel and the Iranian navy had a court order to seize it, the Maritime Search and Rescue Center of Iran's Hormozgan Province told the official IRINN news agency. It said Iranian authorities had asked the tanker to stop and had fired shots but the Iranian navy vessel departed when McFaul arrived. U.S. oil company Chevron (CVX.N), which manages the Richmond Voyager, said its crew were safe and the vessel was operating normally. The U.S. Navy had earlier responded to an incident involving the Marshall Islands-flagged oil tanker TRF Moss in the same region.
Persons: McFaul, IRINN, TRF Moss, Lisa Barrington, Tom Hogue, Jason Neely Organizations: U.S . Navy, Richmond, Iranian, Rescue Center, Iran's, Richmond Voyager, Chevron, Marshall, Dubai Newsroom, Thomson Locations: DUBAI, Iran, Iranian, commandeering, Bahamas, Iran's Hormozgan Province, Oman, Richmond, U.S, United States, Hormuz
Stock Market Today: Dow Futures Fall; Meta Stock Rises Premarket
  + stars: | 2023-07-06 | by ( ) www.wsj.com   time to read: +1 min
Government-bond yields rose in the U.S. and Europe, reflecting recent statements by major central banks that they will keep raising interest rates to curtail inflation. Weakening activity in the services sector is a big reason for the pressure on global markets today, said Samy Chaar, chief economist at Lombard Odier. U.S. stock futures fell. Government-bond yields rose. Yields rose in Germany, the U.K. and France, too.
Persons: Samy Chaar, , Dow, Hang Seng Organizations: Services, Lombard, Nasdaq, Overseas, Nikkei Locations: Government, U.S, Europe, Shanghai, Germany, France, Brent, Iran
Bond yields rose and stocks fell after fresh economic data showed the labor market is still running hot. U.S. stocks fell. The S&P 500, Dow industrials and Nasdaq Composite each dropped more than 1%. The communications services sector was off more than 1%; it includes Meta Platforms, which wavered in morning trading after launching Threads, a Twitter competitor. Oil prices fell.
Persons: Dow, Hong, Hang Seng Organizations: Institute for Supply Management, Labor Department, Dow industrials, Nasdaq, Brent, Energy, Overseas, Nikkei Locations: U.S, Europe, Iran
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/iran-tried-to-seize-two-oil-tankers-near-strait-of-hormuz-u-s-navy-says-4be301e1
Persons: Dow Jones Locations: iran, hormuz
An Iranian navy vessel fired shots during the second seizure attempt, Navy Fifth Fleet spokesperson Timothy Hawkins said. British maritime security company Ambrey said a warship with a multinational navy task group was in the area at the time and had requested the Iranian navy to "cease harassing" one of the merchant ships. Iran seized two oil tankers in a week just over a month ago, the U.S. Navy said. Refinitiv ship-tracking data shows the Richmond Voyager previously docked in Ras Tannoura in eastern Saudi Arabia before Wednesday's incident in the Gulf of Oman. The Richmond Voyager was sailing away from the Gulf with Singapore listed as its destination, Refinitiv ship tracking showed.
Persons: Timothy Hawkins, Hawkins, Ambrey, IRNA, Lisa Barrington, Jonathan Saul, Rami Ayyub, Jason Neely, David Holmes Organizations: U.S . Navy, Chevron, Richmond Voyager, Navy Fifth Fleet, Reuters, Marshall, Suez, Dubai, Thomson Locations: DUBAI, Iran, Gulf of Oman, U.S, Iranian, Oman, United States, Hormuz, Ras Tannoura, Saudi Arabia, Gulf, Singapore, Marshall Islands, Greece, U.S . Gulf, Mexico, Galveston, Washington
Iranian naval ships tried to seize two oil tankers crossing Middle Eastern waters on Wednesday. The US Navy said in one incident, Iranian personnel opened fire on one of the commercial ships. The Iranian vessel tried to get the Richmond Voyager to stop, and reached within a mile of the tanker. The US Navy said Iranian personnel then "fired multiple, long bursts from both small arms and crew-served weapons" at the tanker, with several rounds hitting the hull. Unclassified US Navy drone footage shows the Iranian ship open fire at the Richmond Voyager, with some rounds ricocheting, shown in the video as small flashes above the tanker.
Persons: , TRF Moss, Brad Cooper, Cooper, Biden Organizations: US Navy, Service, US Naval Forces Central Command, Bahamian, Richmond, Richmond Voyager, Navy, Fleet, Combined Maritime Forces, US, US Air Force Locations: Marshall, Gulf of Oman, Iranian, Oman, Hormuz, Iran, Washington, Yemen, Tehran, Syria
Watch: Iran Attempts Seizure of Two Oil Tankers, U.S. Navy Says
  + stars: | 2023-07-05 | by ( ) www.wsj.com   time to read: 1 min
McSpaghetti? Inside McDonald’s International Menu StrategyWhile McDonald’s is well known for its burgers across the world, it has menu items in other countries that you won’t find anywhere else. Here’s how the fast-food chain crafts its unique global menus and why localizing them is key to its success. Illustration: Annie Zhao
Persons: Annie Zhao
Courtesy: U.S. Department of DefenceThe U.S. Navy prevented Iranian warships from seizing two oil tankers in international waters near Oman on Wednesday, according to an American military official. At about 1 a.m. local time, an Iranian navy vessel approached a Marshall Islands-flagged tanker, the TRF Moss, that had just transited the Strait of Hormuz. Three hours later, another Iranian navy vessel approached the tanker, the Richmond Voyager, that had sailed from the United Arab Emirates through the Strait of Hormuz. The tanker issued a distress call after the Iranian ship allegedly tried to get it to stop. When the USS McFaul arrived, the Iranian ship left, according to the official.
Persons: Moss, McFaul, Brad Cooper, Ken Paxton Organizations: Merchant, U.S . Department of Defence, U.S . Navy, American, Marshall, Navy, Richmond Voyager, United, United Arab Emirates, U.S . Naval Forces Central Command, . 5th Fleet, Combined Maritime Forces, NBC, U.S Locations: Iran, Gulf of Oman, Oman, Iranian, Hormuz, United Arab, U.S, Ohio
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Navy says Iran attempted to seize two oil tankers and fired on oneCol. Jack Jacobs, Retired U.S. Army member and NBC Military Analyst, and Daniel Yergin, S&P Global Vice Chairman, joins 'Last Call' to talk reports by the Navy that Iran attempted to seize two oil tankers.
Persons: Jack Jacobs, Daniel Yergin Organizations: U.S . Navy, Retired U.S . Army, NBC, P Global, Navy Locations: Iran, Retired
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