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Oil prices climb as Donald Trump signals tougher action on Iran

18 May 2026

Oil prices climbed on Monday and European markets opened lower as US President Donald Trump sent a new warning to Iran via social media. International benchmark Brent crude futures for July rose 1.81% to trade at $111.27 per barrel, while US West Texas Intermediate futures (WTI) for June gained 2.15

Global oil markets experienced a sharp surge on Monday as Brent crude futures climbed 1.81% to $111.27 per barrel following heightened geopolitical tensions in the Middle East. US President Donald Trump issued a stern warning to Iran, sparking immediate concerns regarding the security of vital shipping lanes near the Strait of Hormuz. For vessels like the VLCC tanker Amore Mio, these price fluctuations and potential security threats necessitate urgent route assessments and heightened vigilance when transiting through high-risk zones near Iranian territorial waters.

The escalation in regional instability directly triggers compliance requirements under the International Ship and Port Facility Security (ISPS) Code, specifically Part A, Section 4.4.2, which mandates that vessels operate at an appropriate security level as determined by the flag state and coastal authorities. Furthermore, shipping companies must review their Ship Security Plans (SSP) in accordance with SOLAS Chapter XI-2. Compliance departments must ensure that the Master and Company Security Officer (CSO) are fully briefed on current maritime security directives to mitigate risks associated with potential vessel seizures or boarding attempts.

Masters and navigating officers must prioritize enhanced bridge watchkeeping and radar monitoring while transiting the Persian Gulf. These rank groups are required to implement rigorous hardening measures, including the use of citadels and water spray systems, to deter unauthorized boardings. It is critical for bridge teams to maintain constant communication with the United Kingdom Maritime Trade Operations (UKMTO) and adhere strictly to the latest Best Management Practices (BMP5) to ensure the safety of the crew and the vessel during this volatile period.

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