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BAB EL-MANDEB

A tanker sails across a calm blue sea, leaving behind a widening trail of cracked, barren earth instead of water, symbolising the depletion of oil reserves and the erosion of future energy security

The oil market is borrowing time from the future

More than 2 billion barrels of lost Middle Eastern production expose the fragility of energy security, shrinking safety margins and shipping’s increasingly strategic role in global oil supply

Rusted iron sculpture on a coastal cliff overlooking the open sea, with a sailboat visible on the horizon

Decks and Deals Weekly #38

The week of March 29 to April 4, 2026 brought a missile into Qatari sovereign waters, the first Western vessel through the Strait of Hormuz, and bunker prices that rewrote their record book