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Global Shipping Costs Explode as Hormuz Disruptions Hit Key Trade Routes

The Middle East crisis has reverberated through key global shipping chokepoints thousands of miles away from the Strait of Hormuz. Following the crippled tanker traffic through the Middle East’s main oil and LNG export outlet, the Panama Canal and the Suez Canal have seen an increase in energy commodity cargo traffic in the past half year. As a result, shipping costs have soared to record highs, and some vessel operators are willing to pay $4-5 million in an auction to secure a single passage through the Panama Canal on a certain date. Shipping…

OilPrice.comOilPrice.comTsvetana Paraskova18 Sept

Record fuel prices across EU prompt calls for bloc-wide windfall tax on firms

German minister says companies are ‘exploiting situation’ in Middle East, as sky-high prices become major domestic issue for leaders European governments have discussed imposing a bloc-wide windfall tax on energy companies, as near-record fuel and gas prices pile pressure on leaders desperate to contain mounting public discontent and the challenge of the far right. With elections due next year in eight EU countries including France, Italy, Spain and Poland, leaders are scrambling to head off the potential fallout from what analysts have warned could be one of the continent’s biggest energy shocks in decades. Continue reading...

The GuardianThe GuardianJon Henley Europe correspondent and Jillian Ambrose Energy correspondent18 Sept

Saudi Pipeline Outage Could Deepen the Global Fuel Crunch

The temporary closure of the key onshore pipeline Saudi Arabia uses to bypass the Strait of Hormuz has added another shock to an oil market already struggling with six months of Middle East supply disruptions. And the damage now appears to be more extensive than initially believed. Three pumping stations along Saudi Arabia’s East-West pipeline were damaged in last week’s attack, Reuters reported on Thursday, citing satellite imagery and industry sources. Earlier assessments had identified damage at two stations. Three sources told Reuters…

OilPrice.comOilPrice.comTsvetana Paraskova17 Sept
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AeroLogic/Lufthansa Cargo NW26 Taipei Routing Adjustments

Published at 1500PDT / 2200GMT 17SEP26 Lufthansa Cargo and AeroLogic during Northern winter 2026/27 season plans to maintain Frankfurt – Taipei Taoyuan – Dubai al Maktoum – Frankfurt routing, as the carrier previously planned to switch Middle East stop to Muscat. Previous planning to switch to Muscat was not highlighted on AeroRoutes . From 25OCT26, AeroLogic continues to serve this route 3 times weekly with Boeing 777 Freighter. 3S614/LH8014 FRA0515 – 0040+1TPE 77X 2 3S614/LH8014 FRA2115 – 1540+1TPE 77X 6 3S614/LH8014 FRA2120 – 1645+1TPE 77X 4 3S615/LH8015 TPE0310 – 0900DWC1000 – 1335FRA 77X 3 3S615/LH8015 TPE1910 – 0100+1DWC0200+1 – 0535+1FRA 77X 7 3S615/LH8015 TPE1925 – 0115+1DWC0215+1 – 0550+1FRA 77X 5

AAeroRoutesAeroRoutes - Jim Liu17 Sept
  • neutral toward Lufthansa · 99%
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Kpler Sees Oil Grinding Higher as Diesel Crunch Deepens

Kpler’s Matt Smith expects oil prices to keep grinding higher, with six and a half months of Middle East supply losses now working their way through gasoline and diesel prices. Smith told CNBC Thursday that oil prices have risen roughly $30 per barrel since early August. Gasoline would normally be falling at this point in the year as summer driving demand fades. It isn’t. Kpler estimates roughly 8.5 million barrels per day of oil production has been lost over the course of the conflict. Refinery runs have also been cut sharply, reducing…

OilPrice.comOilPrice.comJulianne Geiger17 Sept

Oil Prices Slide as China Presses Iran to Rein In the Houthis

Oil prices are falling on Thursday on some headlines signaling potential de-escalation moves out of the Saudi-Yemen conflict, both via Reuters: China reportedly presses Iran to help rein in the Houthis after Saudi appeal, according to Retuers citing sources Oil prices fell on Wednesday after reports that Saudi Arabia was offering additional crude cargoes through Oman eased some concerns about Middle East supply disruptions, while a smaller-than-expected draw in U.S. crude inventories added further downward pressure.  US crude futures…

OilPrice.comOilPrice.comOilPrice.com17 Sept

UK Energy Bills Could Jump 25-30% From January as Gas Prices Soar

The UK household energy bills could jump by between 25% and 30% in the first quarter of 2027 amid surging natural gas prices as the Middle East crisis drags on, analysts say, warning that the government may have to spend more money on measures to ease the cost-of-living crisis. Household energy bills will rise by 4% from October for the fourth quarter of this year. But the jump for the first quarter of 2027 could be as high as 30%, according to a forecast by France's EDF, one of the biggest energy providers in the UK, cited by the Independent.…

OilPrice.comOilPrice.comMichael Kern17 Sept