{"id":1931041,"date":"2026-05-12T09:07:15","date_gmt":"2026-05-12T06:07:15","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=1931041"},"modified":"2026-05-12T09:07:15","modified_gmt":"2026-05-12T06:07:15","slug":"shipping-industry-fears-fuel-shortages-that-could-drive-up-prices-worldwide","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=1931041","title":{"rendered":"Shipping industry fears fuel shortages that could drive up prices worldwide"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/75\/52\/00\/1200x675_cmsv2_a183db85-27a0-56a1-9c9c-04bcf9f60ed4-9755200.jpg&#8221;]<\/p>\n<article id=\"abe-2879110-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2879110\" data-cid=\"9688373\" data-part-label=\"Partner content\">\n<figure id=\"abe-2879110-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/68\/83\/73\/189x106_cmsv2_818c947f-8eb9-5e4f-842f-9d27b619b2fc-9688373.jpg\" loading=\"lazy\" alt=\"Karabakh horse\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Rare Caucasian horse breed gains renewed attention in Germany\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2893162-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2893162\" data-cid=\"9755842\" data-part-label=\"Partner content\">\n<figure id=\"abe-2893162-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/58\/42\/189x106_cmsv2_f09c150a-77e2-52c8-ad9c-971c58a8505c-9755842.jpg\" loading=\"lazy\" alt=\"FILE - A motorist pumps petrol at a station in Englewood, Colorado, 5 July 2023\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Iran war pushes US inflation to 3.8% as petrol prices surge\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2893160-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2893160\" data-cid=\"9755767\" data-part-label=\"Partner content\">\n<figure id=\"abe-2893160-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/57\/67\/189x106_cmsv2_45eac9e0-9b26-573d-b54e-c524ea87dfc7-9755767.jpg\" loading=\"lazy\" alt=\"A French solider watches code lines on his computer at the defence ministry, 23 January, 2018 \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Germany plans &#8216;active cyberdefence&#8217; as online attacks rise\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2893123-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2893123\" data-cid=\"9755581\" data-part-label=\"Partner content\">\n<figure id=\"abe-2893123-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/55\/81\/189x106_cmsv2_7fbee4cf-96a2-53de-ba70-86ef25a27f86-9755581.jpg\" loading=\"lazy\" alt=\"Turkey's Hakan Fidan and Qatar's Sheikh Mohammed bin Abdulrahman Al Thani at a press conference in Doha.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Qatar<\/p>\n<div 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id=\"abe-2893162-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2893162\" data-cid=\"9755842\" data-part-label=\"Partner content\">\n<figure id=\"abe-2893162-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/58\/42\/189x106_cmsv2_f09c150a-77e2-52c8-ad9c-971c58a8505c-9755842.jpg\" loading=\"lazy\" alt=\"FILE - A motorist pumps petrol at a station in Englewood, Colorado, 5 July 2023\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Iran war pushes US inflation to 3.8% as petrol prices surge\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2893160-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2893160\" data-cid=\"9755767\" data-part-label=\"Partner content\">\n<figure id=\"abe-2893160-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/57\/67\/189x106_cmsv2_45eac9e0-9b26-573d-b54e-c524ea87dfc7-9755767.jpg\" loading=\"lazy\" alt=\"A French solider watches code lines on his computer at the defence ministry, 23 January, 2018 \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Germany plans &#8216;active cyberdefence&#8217; as online attacks rise\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2893123-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2893123\" data-cid=\"9755581\" data-part-label=\"Partner content\">\n<figure id=\"abe-2893123-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/55\/81\/189x106_cmsv2_7fbee4cf-96a2-53de-ba70-86ef25a27f86-9755581.jpg\" loading=\"lazy\" alt=\"Turkey's Hakan Fidan and Qatar's Sheikh Mohammed bin Abdulrahman Al Thani at a press conference in Doha.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Qatar<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Qatar warns Iran against weaponising Hormuz to &#8216;blackmail&#8217; Gulf states\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Economy<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            Shipping industry fears fuel shortages that could drive up prices worldwide<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/52\/00\/1536x864_cmsv2_a183db85-27a0-56a1-9c9c-04bcf9f60ed4-9755200.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"FILE - Tugboats assist a container ship as it prepares to dock at the Manila International Container Terminal at the Philippine capital, 8 April 2025.\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              FILE &#8211; Tugboats assist a container ship as it prepares to dock at the Manila International Container Terminal at the Philippine capital, 8 April 2025.<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo\/Aaron Favila, File<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo\/Aaron Favila, File\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspDoloresz Katanich&amp;nbspwith&amp;nbsp<b>AP<\/b><\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1778576835\">\n         Published on<br \/>\n            <time datetime=\"2026-05-12 11:07:15 +02:00\">12\/05\/2026 &#8211; 11:07 GMT+2<\/time><\/div>\n<\/div>\n<div class=\"c-article-partage-commentaire u-align-items-center u-display-flex\"><span class=\"c-article-partage-commentaire__links u-align-items-center u-display-flex u-justify-content-center js-c-article-partage-commentaire-share\"><span>Share<\/span><\/span><span>Comments<\/span><\/div>\n<div class=\"c-article-partage-commentaire-popup-overlay js-c-article-partage-commentaire-popup-overlay u-display-none\">\n<div id=\"js-c-article-partage-commentaire-popup\" class=\"c-article-partage-commentaire-popup js-c-article-partage-commentaire-popup\">\n<div class=\"c-article-partage-commentaire-popup__header u-display-flex\"><span>Share<\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/icon-close.svg\" width=\"24\" height=\"24\" alt=\"Close Button\" class=\"u-cursor-pointer 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decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        Global shipping companies are bracing for fuel shortages and rising costs as the Iran war disrupts supplies of bunker fuel through the Strait of Hormuz.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>The Iran war is triggering fears of a global shipping crunch as disruption in the Strait of Hormuz squeezes supplies of the bunker fuel that powers much of the world\u2019s maritime trade.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>Ship operators rely on a heavy, sludge-like fuel known as bunker fuel to keep vessels running. The Iran war and the closure of the Strait of Hormuz have disrupted supplies of the fuel that powers much of the global shipping industry and supports Asia\u2019s largest refuelling hub.<\/p>\n<p>Bunker fuel is a low-grade petroleum product, heavier and more polluting than the refined fuels used by cars and aircraft. It forms at the bottom of crude oil storage containers during the refining process.<\/p>\n<p>Despite its poor quality, bunker fuel powers ships responsible for transporting around 80% of globally traded goods by sea. Experts warn that shortages could drive up shipping costs, raise consumer prices and affect businesses worldwide.<\/p>\n<p>The impact is expected to be felt first in Asia, which depends heavily on Middle Eastern oil supplies. In Singapore, the world\u2019s largest bunker fuel refuelling hub, reserves are tightening while prices continue to rise.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">Shipping giant MSC opens new trade route to bypass Hormuz disruption<\/li>\n<li class=\"c-widget-related__item\">Shipping companies &#8216;see opportunities&#8217; but seek clarity on Strait of Hormuz reopening<\/li>\n<\/ul>\n<\/div>\n<p>Shipping companies are attempting to adapt by slowing vessels and revising schedules to reduce fuel consumption in the short term. Some are also investing in ships capable of using alternative fuels.<\/p>\n<p>However, some firms may struggle to withstand the pressure for long, according to Henning Gloystein of consultancy firm Eurasia Group, who warned that the effects would extend beyond Asia through global supply chains. <\/p>\n<h2>Southeast Asia turns to \u2018energy triage\u2019<\/h2>\n<p>Asia, which was hit first and hardest by the energy shock, has adopted various forms of \u201cenergy triage &#8221; to cope, increasing its use of coal, buying more crude oil from Russia and reviving plans to develop nuclear power.<\/p>\n<p>But Asia is bracing for further impacts as energy reserves dwindle and government subsidies dry up.<\/p>\n<p>United Nations data shows that more than half of global seaborne trade passed through Asian ports in 2024, meaning disruption in the region is likely to have wider international consequences.<\/p>\n<p>Singapore\u2019s bunker fuel supplies have so far remained stable, despite rapidly rising prices.<\/p>\n<p>But the prolonged cutoff from major sources of the heavier crude oil needed for bunker fuel, like Iraq and Kuwait, will cause shortages, said Natalia Katona of the commodity site OilPrice.<\/p>\n<p>\u201cWe just see the price in Singapore going up, up, up,\u201d Katona said.<\/p>\n<p>Before the conflict, bunker fuel in Singapore cost about $500 per metric tonne. By early May, prices had climbed to more than $800 per metric tonne.<\/p>\n<h2>Fuel shortages drive consumer costs<\/h2>\n<p>June Goh, an oil analyst at Sparta Commodities, said shipping firms were currently absorbing most of the higher costs, but warned they could soon &#8220;pass on to the customers.&#8221;<\/p>\n<p>According to the European Federation for Transport and Environment, the Iran war is costing the global shipping industry around \u20ac340 million per day.<\/p>\n<p>Oliver Miloschewsky of risk consultancy Aon said that shortages in bunker fuel typically affect shipping prices relatively quickly.<\/p>\n<p>He added that while the effect on individual products may appear limited, the combined impact of higher shipping costs &#8220;can ripple across supply chains and ultimately influence consumer prices across a broad range of sectors.&#8221; <\/p>\n<p>Consumers in Singapore are also seeing higher transport costs, with ferry operators raising fares and cruise companies adding fuel surcharges.<\/p>\n<h2>Ship operators face limited options<\/h2>\n<p>Shippers have limited choices to deal with the situation, Miloschewsky said. They can pay more for fuel or implement fuel-saving measures like slowing shipping or suspending voyages.<\/p>\n<p>The average speed of bulk carriers and container ships has slowed globally by around 2% since the war began on Feb. 28, industry group Clarksons Research reported.<\/p>\n<p>High prices are also driving more interest in green fuels, said Ha\u030akan Agnevall of marine and energy technology manufacturer Wartsila.<\/p>\n<p>The good news is that the technology to create lower-emitting fuels exists, he said. The bad news is production isn&#8217;t yet at scale, and greener fuels are often more expensive.<\/p>\n<p>Agnevall said the current conflict could encourage governments and companies to renew interest in greener alternatives, adding that higher fossil fuel prices were making greener alternatives more commercially viable.<\/p>\n<p>The Caravel Group, which owns ship management company Fleet Management Limited, oversees more than 120 shipbuilding projects.<\/p>\n<p>Its chief executive, Angad Banga, told the Associated Press that around one-third of the vessels currently under construction for the company would be \u201cdual fuel capable\u201d, meaning they could operate using both bunker fuel and alternatives such as liquified natural gas (LNG).<\/p>\n<p>He said ship owners were prepared to pay more for vessels capable of switching between fuel types because \u201cin a volatile environment, optionality has a measurable economic value.\u201d <\/p>\n<p>Banga said alternative fuel systems still lacked the flexibility and infrastructure available for conventional bunker fuel. Although more than 890 LNG-powered vessels are currently operating worldwide, limited infrastructure has created bottlenecks.<\/p>\n<p>However, he said the industry was gradually adapting and that restrictions on bunker fuel were increasing interest in LNG-capable ships. Referring to the shift, he added: \u201cThat progress is real.&#8221;<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-partage-commentaire u-align-items-center u-display-flex\"><span class=\"c-article-partage-commentaire__links u-align-items-center u-display-flex u-justify-content-center js-c-article-partage-commentaire-share\"><span>Share<\/span><\/span><span>Comments<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2893162-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2893162\" data-cid=\"9755842\" data-part-label=\"Partner content\">\n<figure id=\"abe-2893162-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/58\/42\/480x270_cmsv2_f09c150a-77e2-52c8-ad9c-971c58a8505c-9755842.jpg\" loading=\"lazy\" alt=\"FILE - A motorist pumps petrol at a station in Englewood, Colorado, 5 July 2023\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Iran war pushes US inflation to 3.8% as petrol prices surge<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2892209-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2892209\" data-cid=\"9751610\" data-part-label=\"Partner content\">\n<figure id=\"abe-2892209-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/16\/10\/480x270_cmsv2_5a32a385-7bbc-500a-99ac-9a7c7db680a7-9751610.jpg\" loading=\"lazy\" alt=\"Solar power plant in Bukhara\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    How solar and wind projects are accelerating the energy transition<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2893085-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2893085\" data-cid=\"9755349\" data-part-label=\"Partner content\">\n<figure id=\"abe-2893085-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/74\/58\/25\/480x270_cmsv2_b9a9b15c-0b04-5b33-a00e-07ec493042b9-9745825.jpg\" loading=\"lazy\" alt=\"File - Container ships sit at anchor in the Strait of Hormuz off Bandar Abbas, Iran, Saturday, 2 May 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Global trade\u2019s next top priority: Bypassing the Hormuz chokepoint<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Iran war<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  trade<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  fuel crisis<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  prices<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Strait of Hormuz<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Shipping<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2892975-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2892975\" data-cid=\"9754876\" data-part-label=\"Partner content\">\n<figure id=\"abe-2892975-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/48\/76\/320x180_cmsv2_914b13a6-f445-547d-9a59-c580f3ea2f01-9754876.jpg\" loading=\"lazy\" alt=\"A trader gestures at the stock market in Frankfurt, Germany\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    What makes a stock jump 1,000%? 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A motorist pumps petrol at a station in Englewood, Colorado, 5 July 2023\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Iran war pushes US inflation to 3.8% as petrol prices surge<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2892209-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2892209\" data-cid=\"9751610\" data-part-label=\"Partner content\">\n<figure id=\"abe-2892209-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/16\/10\/480x270_cmsv2_5a32a385-7bbc-500a-99ac-9a7c7db680a7-9751610.jpg\" loading=\"lazy\" alt=\"Solar power plant in Bukhara\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    How solar and wind projects are accelerating the energy transition<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2893085-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2893085\" data-cid=\"9755349\" data-part-label=\"Partner content\">\n<figure id=\"abe-2893085-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/74\/58\/25\/480x270_cmsv2_b9a9b15c-0b04-5b33-a00e-07ec493042b9-9745825.jpg\" loading=\"lazy\" alt=\"File - Container ships sit at anchor in the Strait of Hormuz off Bandar Abbas, Iran, Saturday, 2 May 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Global trade\u2019s next top priority: Bypassing the Hormuz chokepoint<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2892975-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2892975\" data-cid=\"9754876\" data-part-label=\"Partner content\">\n<figure id=\"abe-2892975-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/48\/76\/320x180_cmsv2_914b13a6-f445-547d-9a59-c580f3ea2f01-9754876.jpg\" loading=\"lazy\" alt=\"A trader gestures at the stock market in Frankfurt, Germany\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    What makes a stock jump 1,000%? Europe\u2019s winners of 2026<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2893162-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2893162\" data-cid=\"9755842\" data-part-label=\"Partner content\">\n<figure id=\"abe-2893162-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/58\/42\/320x180_cmsv2_f09c150a-77e2-52c8-ad9c-971c58a8505c-9755842.jpg\" loading=\"lazy\" alt=\"FILE - A motorist pumps petrol at a station in Englewood, Colorado, 5 July 2023\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Iran war pushes US inflation to 3.8% as petrol prices surge<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2893114-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2893114\" data-cid=\"9755499\" data-part-label=\"Partner content\">\n<figure id=\"abe-2893114-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/54\/99\/320x180_cmsv2_18c60775-d146-5ca6-8cc6-0c5c1e0915f5-9755499.jpg\" loading=\"lazy\" alt=\"A Lufthansa aircraft approaches the airport in Frankfurt, Germany, Tuesday, 28 April 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Lufthansa to take control of ITA Airways in \u20ac325mn deal<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2893044-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2893044\" data-cid=\"9755111\" data-part-label=\"Partner content\">\n<figure id=\"abe-2893044-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/75\/51\/11\/320x180_cmsv2_ac0801d9-38dc-560f-acf3-59c4043bde2d-9755111.jpg\" loading=\"lazy\" alt=\"US Secretary of Defence Pete Hegseth and US Secretary of Treasury Scott Bessent attend the arrival ceremony of Britain's King Charles III at the White House, 28 April 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    US Treasury enlists banks to target Iranian money laundering schemes<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2893085-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2893085\" data-cid=\"9755349\" data-part-label=\"Partner content\">\n<figure id=\"abe-2893085-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/74\/58\/25\/320x180_cmsv2_b9a9b15c-0b04-5b33-a00e-07ec493042b9-9745825.jpg\" loading=\"lazy\" alt=\"File - Container ships sit at anchor in the Strait of Hormuz off Bandar Abbas, Iran, Saturday, 2 May 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Global trade\u2019s next top priority: Bypassing the Hormuz chokepoint<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2892282-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2892282\" data-cid=\"9751943\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Which EU capitals have minimum wages that don\u2019t cover rent?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2892753-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2892753\" data-cid=\"9753856\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Small Portuguese liqueur brand wins legal fight against Louis Vuitton<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2891783-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2891783\" data-cid=\"9749372\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Who pays more tax? See where you fall in Europe\u2019s income tax divide<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2890830-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2890830\" data-cid=\"9744795\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Spain&#8217;s Bizum heads to the high street to take on Visa and Mastercard<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2892051-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2892051\" data-cid=\"9753037\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Brzoska: Poland sets EU deregulation model<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">The Iran war is triggering fears of a global shipping crunch as disruption in the Strait of Hormuz squeezes supplies of the bunker fuel that powers much of the world\u2019s maritime trade.Ship operators rely on a heavy, sludge-like fuel known as bunker fuel to keep vessels running. The Iran war and the closure of the Strait of Hormuz have disrupted supplies of the fuel that powers much of the global shipping industry and supports Asia\u2019s largest refuelling hub.Bunker fuel is a low-grade petroleum product, heavier and more polluting than the refined fuels used by cars and aircraft. It forms at the bottom of crude oil storage containers during the refining process.Despite its poor quality, bunker fuel powers ships responsible for transporting around 80% of globally traded goods by sea. Experts warn that shortages could drive up shipping costs, raise consumer prices and affect businesses worldwide.The impact is expected to be felt first in Asia, which depends heavily on Middle Eastern oil supplies. In Singapore, the world\u2019s largest bunker fuel refuelling hub, reserves are tightening while prices continue to rise.Shipping companies are attempting to adapt by slowing vessels and revising schedules to reduce fuel consumption in the short term. Some are also investing in ships capable of using alternative fuels.However, some firms may struggle to withstand the pressure for long, according to Henning Gloystein of consultancy firm Eurasia Group, who warned that the effects would extend beyond Asia through global supply chains.Southeast Asia turns to \u2018energy triage\u2019Asia, which was hit first and hardest by the energy shock, has adopted various forms of \u201cenergy triage &#8221; to cope, increasing its use of coal, buying more crude oil from Russia and reviving plans to develop nuclear power.But Asia is bracing for further impacts as energy reserves dwindle and government subsidies dry up.United Nations data shows that more than half of global seaborne trade passed through Asian ports in 2024, meaning disruption in the region is likely to have wider international consequences.Singapore\u2019s bunker fuel supplies have so far remained stable, despite rapidly rising prices.But the prolonged cutoff from major sources of the heavier crude oil needed for bunker fuel, like Iraq and Kuwait, will cause shortages, said Natalia Katona of the commodity site OilPrice.\u201cWe just see the price in Singapore going up, up, up,\u201d Katona said.Before the conflict, bunker fuel in Singapore cost about $500 per metric tonne. By early May, prices had climbed to more than $800 per metric tonne.Fuel shortages drive consumer costsJune Goh, an oil analyst at Sparta Commodities, said shipping firms were currently absorbing most of the higher costs, but warned they could soon &#8220;pass on to the customers.&#8221;According to the European Federation for Transport and Environment, the Iran war is costing the global shipping industry around \u20ac340 million per day.Oliver Miloschewsky of risk consultancy Aon said that shortages in bunker fuel typically affect shipping prices relatively quickly.He added that while the effect on individual products may appear limited, the combined impact of higher shipping costs &#8220;can ripple across supply chains and ultimately influence consumer prices across a broad range of sectors.&#8221;Consumers in Singapore are also seeing higher transport costs, with ferry operators raising fares and cruise companies adding fuel surcharges.Ship operators face limited optionsShippers have limited choices to deal with the situation, Miloschewsky said. They can pay more for fuel or implement fuel-saving measures like slowing shipping or suspending voyages.The average speed of bulk carriers and container ships has slowed globally by around 2% since the war began on Feb. 28, industry group Clarksons Research reported.High prices are also driving more interest in green fuels, said Ha\u030akan Agnevall of marine and energy technology manufacturer Wartsila.The good news is that the technology to create lower-emitting fuels exists, he said. The bad news is production isn&#8217;t yet at scale, and greener fuels are often more expensive.Agnevall said the current conflict could encourage governments and companies to renew interest in greener alternatives, adding that higher fossil fuel prices were making greener alternatives more commercially viable.The Caravel Group, which owns ship management company Fleet Management Limited, oversees more than 120 shipbuilding projects.Its chief executive, Angad Banga, told the Associated Press that around one-third of the vessels currently under construction for the company would be \u201cdual fuel capable\u201d, meaning they could operate using both bunker fuel and alternatives such as liquified natural gas (LNG).He said ship owners were prepared to pay more for vessels capable of switching between fuel types because \u201cin a volatile environment, optionality has a measurable economic value.\u201dBanga said alternative fuel systems still lacked the flexibility and infrastructure available for conventional bunker fuel. Although more than 890 LNG-powered vessels are currently operating worldwide, limited infrastructure has created bottlenecks.However, he said the industry was gradually adapting and that restrictions on bunker fuel were increasing interest in LNG-capable ships. Referring to the shift, he added: \u201cThat progress is real.&#8221;<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/05\/12\/shipping-industry-fears-fuel-shortages-that-could-drive-up-prices-worldwide&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/75\/52\/00\/1200x675_cmsv2_a183db85-27a0-56a1-9c9c-04bcf9f60ed4-9755200.jpg&#8221;] Culture news Rare Caucasian horse breed gains renewed attention in Germany Economy Iran war pushes US inflation to 3.8% as petrol prices surge Europe News Germany plans &#8216;active cyberdefence&#8217; as online attacks rise Qatar Qatar warns Iran against weaponising Hormuz to &#8216;blackmail&#8217; Gulf states Culture news Rare Caucasian horse breed gains renewed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-1931041","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1931041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1931041"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1931041\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1931041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1931041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1931041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}