A new toll on global energy: Can Iran permanently control the Strait of Hormuz?

Ten weeks into the war with Iran, the Strait of Hormuz remains largely closed. The ceasefire is officially holding, but occasional attacks on ships and installations continue. A difficult question is coming into focus: what if the strait never fully reopens? Host Ed Crooks is joined by regular contributor Amy Myers Jaffe, Director of the …

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Hormuz closure drives record tanker rates, boosts Teekay earnings

The effective closure of the Strait of Hormuz and the loosening of Venezuelan crude flows propelled midsize tanker rates to among the highest levels on record, Teekay Tankers executives told investors May 14, crediting the geopolitical environment for a surge in first-quarter earnings. Teekay Tankers reported first-quarter 2026 net income of $153.6 million, or $4.42 …

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