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Trump Weighs Russian Oil Sanctions Relief as Hormuz Disruption Sends Prices Soaring March 9, 2026
U.S. President Donald Trump is considering easing oil sanctions on Russia and releasing emergency crude stockpiles as part of a package of options aimed at curbing spiking global oil prices amid the Iran conflict, according to multiple sources.
Reuters
NASSCO Christens Final Expeditionary Sea Base Ship for U.S. Navy March 9, 2026
General Dynamics NASSCO has christened USNS Hector A. Cafferata Jr. (ESB 8) in San Diego, marking the sixth and final vessel in the U.S. Navy’s Expeditionary Sea Base (ESB) program and bringing to a...
Mike Schuler
Oil Surges to Highest Since 2022 as Hormuz Crisis Roils Energy Markets March 9, 2026
Oil prices surged to more than $119 a barrel on Monday, hitting levels not seen since mid-2022, as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran.
Reuters
Trump Tells Ships to ‘Show Some Guts’ in Hormuz as Seafarer Death Toll Rises March 9, 2026
President Donald Trump urged commercial vessels to continue sailing through the Strait of Hormuz despite escalating attacks on merchant shipping, saying shipowners should not be deterred by security risks in the world’s most important...
Mike Schuler
France’s Macron Orders Major Naval Deployment to Middle East March 9, 2026
France is deploying about a dozen naval vessels, including its aircraft carrier strike group, to the Mediterranean, Red Sea and potentially the Strait of Hormuz as part of defensive support to allies threatened by the conflict in the Middle East.
Reuters
EU Buys 100% of Russian Arctic LNG Just 9 Months Before Planned Gas Ban March 9, 2026
Just nine months before a full European Union ban on Russian liquefied natural gas (LNG) is scheduled to take effect, EU buyers purchased every cargo from Russia’s Yamal LNG project in February, highlighting a stark disconnect between policy intentions and market realities.
Malte Humpert
Trump’s Greenland Hospital Ship Now Sailing Up West Coast After Panama Canal Transit March 9, 2026
The U.S. Navy hospital ship USNS Mercy is currently sailing north along the West Coast off Mexico after transiting the Panama Canal last week, according to the latest Automatic Identification System (AIS) data. Recent...
Mike Schuler
Tariff Uncertainty to Keep U.S. Container Imports Below 2025 Levels, NRF Says March 9, 2026
U.S. containerized imports are expected to remain below last year’s levels through the first half of 2026 as tariff uncertainty continues to weigh on trade flows, according to the latest Global Port Tracker report...
Mike Schuler
‘Critical’ Threat Persists in Hormuz as Attacks and GPS Jamming Shake Shipping March 9, 2026
Commercial shipping through the Strait of Hormuz has fallen to near-zero levels as the maritime security crisis gripping the Middle East continues, even as attacks on vessels temporarily paused over...
Mike Schuler
ABS and HD Hyundai Launch Nuclear-Powered Mega Containership Study March 9, 2026
The push to bring nuclear energy back into commercial shipping is gaining momentum as the American Bureau of Shipping (ABS) and South Korea’s HD Hyundai shipbuilding group launch a new effort to study nuclear-powered...
Mike Schuler