EMEA News
Iran and Oman Discuss Framework for Joint Temporary Hormuz Shipping Route
Iran and Oman are in talks to establish a temporary joint maritime corridor through the Strait of Hormuz to support safer vessel navigation, according to a joint press statement issued on Tuesday.
The proposal was discussed during Omani Foreign Minister Badr Albusaidi’s visit to Iran, where he met Iranian Foreign Minister Abbas Araghchi, as per the press statement released by the Iranian Foreign Ministry.
The framework would include arrangements for safe navigation, maritime traffic management and information exchange, as well as related maritime and security services.
The two countries also stressed the importance of dialogue with other Persian Gulf states and respect for international law and the sovereign rights of coastal countries.
The latest talks follow Oman’s move in June to establish an alternative shipping corridor through the Strait in coordination with the IMO.
Iran subsequently warned commercial vessels against using the route, saying it had not been consulted on its establishment. Some ships using the route were attacked, forcing the IMO to pause the transit plan.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| EMEA Average | 917.50 | 14.00 | 1740.00 | 21.00 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
Popular Now More
-
Oct 23Rotterdam's bunker sales recovered slightly in Q3 from the previous quarter, but volumes remained well below year-earlier levels. -
Oct 23The acquisition includes eight bunkering vessels and a long-term lease for 28,000 m3 of tank capacity in Turkey.