In December 2025, the U.S. seized a sanctioned tanker flying the flag of Guyana, where it wasn’t registered. The vessel was, in legal terms, stateless.
This morning, three vessels were struck attempting to transit the Strait of Hormuz. The Strait is effectively closed. Since the beginning of the conflict involving the United States, Israel and Iran on Feb. 28, 2026, oil tanker traffic through the world’s most critical oil shipping choke point has collapsed, dropping by more than 90%. Iran […]