Latest News About Hormuz reopening triggers oil slump, drug seizure

Oil prices dropped to levels unprecedented in recent memory after the Strait of Hormuz reopened.

The restart of tanker traffic eased supply worries for global shipping.

Europol said 1.4 tonnes of cannabis were recovered from captured parcels from drug traffickers.

Near Portsmouth lifeboats blocked a wandering fishing boat that had entered a congested shipping lane.

Diana chartered a panamax vessel to Paralos Shipping at an improved rate.

A Dutch hybrid biofuel‑ready ship was launched and commenced a contract with N‑Sea.

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