Strait of Hormuz

Energy radar

This week in energy

More attacks in Hormuz, a new Saudi workaround, a plan to put sanctioned tankers back to work, and onshore stocks at their lowest since at least 2016.

Oct 15, 2026

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3 min read

Energy radar

This week in energy

Brent climbed back towards $104 as Washington weighed renewed military action in Iran, the Houthis struck deeper into Saudi Arabia and a hurricane approached the US Gulf. The diesel export ban has quietly gone away, OPEC+ stood pat, and Google found a quicker route to new nuclear power: get more from the reactors America already has. Five signals from the week.

Oct 8, 2026

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3 min read

Tanker shipping

The tankers this shortage is ordering

In 2024 the world’s shipyards delivered a single supertanker. In 2028 they’re due to deliver 127,

Oct 8, 2026

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1 min read

Briefing

Iran doesn’t need to close Hormuz. It just needs to keep it expensive

Gulf oil is flowing again at close to pre-war rates, while attacks on tankers are running at their highest pace of the war. The two belong together. This crisis is increasingly about the cost of moving oil rather than finding the barrels – and that changes where the money is being made this winter, and what happens when the risk premium disappears.

Oct 8, 2026

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5 min read

Energy radar

This week in energy

Middle East crude exports are close to pre-war levels again and Brent is trading just below $100. But diesel remains squeezed, Europe enters winter with thin gas storage and less nuclear power, and OPEC+ is setting quotas its Gulf members still can’t meet. Five signals from the week.

Oct 2, 2026

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3 min read

Energy radar

Data corner

The fall in the world’s observed oil stocks since the war began.

Oct 2, 2026

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1 min read

Asia energy

The rebound the industry is counting on

Asian LNG demand is falling for a second year. Forecasters still expect it to snap back in 2027. For that to happen, both the supply and the buyers need to return.

Oct 2, 2026

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1 min read

Energy radar

This week in energy

A reported US diesel export ban rattled fuel markets before the White House denied it. Brent climbed back above $100, Brussels is reconsidering the storage rules it built after 2022, and the IEA has cut 3.4 million barrels a day from its 2026 demand outlook. Five signals from the week.

Sep 24, 2026

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3 min read

Oil supply chain

Underneath the price

Record freight rates are only the visible part of the squeeze. Behind them, insurance is narrowing the pool of tankers able to move, more cargoes are travelling dark, and the disruption has begun to reach American retail shelves.

Sep 17, 2026

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3 min read

Shipping

Data corner

That’s what a benchmark supertanker voyage from the Gulf to China now equates to in daily earnings. A year ago it was under $100,000.

Sep 17, 2026

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1 min read

Energy radar

This week in energy

Saudi Arabia is trying to bypass its wrecked pumping station and restore half the East-West pipeline, while oil has come off its highs. Elsewhere: Hormuz is down to a handful of ships a day, Russian refineries are burning and Europe is heading into winter short of both gas and hydro. Five signals from the week.

Sep 17, 2026

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2 min read

Saudi Arabia oil

The bypass is smaller than it looks

For years, one reassuring figure around Hormuz was the amount of pipeline capacity available to bypass it. In practice, there is much less.

Sep 17, 2026

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1 min read

The Briefing

Oil’s escape routes are becoming targets

The East-West pipeline was built to protect Saudi oil exports from the Strait of Hormuz. Its shutdown last week exposes a deeper problem: much of the infrastructure meant to make the oil system more resilient can itself be knocked offline by drones.

Sep 17, 2026

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4 min read

Energy radar

This week in energy

A month of relative calm ended this week with fresh US strikes on Iran, missiles fired back and energy prices jumping before Washington tried to talk them down. Five signals from the week.

Sep 3, 2026

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2 min read

Energy radar

Data corner

That’s how many LNG cargoes Qatar exported in the first six months of the war. Over the same period last year, it shipped 509.

Sep 3, 2026

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1 min read

US LNG exports

What the cargoes are actually doing

The record crack is the headline. Underneath it sit thin inventories, harvest demand arriving at exactly the wrong time and a European market discovering that some fuels are much easier to replace than others.

Sep 3, 2026

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2 min read

Briefing

Europe’s winter now depends on Asia blinking first

European gas hit its highest since early 2023 this week, storage is the thinnest it has been since records began, and Europe is finally doing what it spent all summer avoiding: paying up. With new supply constrained, getting through winter increasingly depends on prices rising high enough to push enough Asian buyers out of the market.

Sep 3, 2026

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4 min read

Energy radar

This week in energy

That is the going daily rate for an oil tanker in the Black Sea – roughly 50% more than a week earlier. The Strait of Hormuz still owns the headlines, but some of the week’s most revealing moves were happening elsewhere: in Black Sea freight, in Europe’s record-low gas stores and in a fight over who gets Australia’s gas.

Aug 6, 2026

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3 min read

Brent crude

The hidden cost of the detour

No Saudi barrels need to disappear for the market to tighten. The chart shows why.

Jul 23, 2026

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1 min read

Brent crude

The shock premium came back

Brent’s first-session reaction to major Hormuz escalations shows how the shock premium was shrinking – until Monday reversed the pattern.

Jul 16, 2026

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1 min read

Shipping

Neither Open Nor Closed

The market thinks Hormuz has reopened. It has – but not quite in the way the screen price suggests. The Strait now works less like a switch and more like a conditional corridor: usable, contested, insured uneasily and vulnerable to events far beyond the waterway itself.

Jun 25, 2026

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4 min read

Strait of Hormuz

This week in energy

This week in energy

The tankers this shortage is ordering

Iran doesn’t need to close Hormuz. It just needs to keep it expensive

This week in energy

Data corner

The rebound the industry is counting on

This week in energy

Underneath the price

Data corner

This week in energy

The bypass is smaller than it looks

Oil’s escape routes are becoming targets

This week in energy

Data corner

What the cargoes are actually doing

Europe’s winter now depends on Asia blinking first

This week in energy

The hidden cost of the detour

The shock premium came back

Neither Open Nor Closed

Global Energy Dynamics