Tankers depicted in the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates.
ATTA KENARE | AFP | Getty Images
As tensions surge following Israeli strikes on Iran, fears have resurfaced that the Tehran could retaliate by targeting one of the world’s most vital oil arteries — the Strait of Hormuz.
The Strait of Hormuz, which connects the Persian Gulf to the Arabian Sea, sees roughly 20 million barrels per day of oil and oil products pass through, accounting for nearly one-fifth of global oil shipments. Any move to block it would ripple through energy markets.
However, market watchers believe a full-scale disruption of global oil flows by closing the waterway is unlikely, and might even be physically impossible.
There really is “no net benefit” that comes with impeding the passage of oil through the Strait of Hormuz, especially given how Iranian oil infrastructure has not been directly targeted, said Ellen Wald, President of Transversal Consulting. She added that any such action would likely trigger further retaliation.
She also warned that any major spike in oil prices caused by a closure could draw backlash from Iran’s largest oil customer: China.
Their friends will suffer more than their enemies… So it’s very hard to see that happening.
Anas Alhajji
Energy Outlook Advisors
“China does not want the flow of oil out of the Persian Gulf to be disrupted in any way, and China does not want the price of oil to rise. So they’re going to bring the full weight of their economic power to bear on Iran,” Wald explained.
“Their friends will suffer more than their enemies … So it’s very hard to see that happening,” said Anas Alhajji, managing partner at Energy Outlook Advisors, adding that disrupting the channel could be more of a bane than a boon for Tehran, given how most of Iran’s daily consumption goods come via that route.
“It’s not in their interest to cause problems because they will suffer first.”
The Strait of Hormuz, which is 35 to 60 miles (55 to 95 kilometers) wide, connects the Persian Gulf and the Arabian Sea.
The idea of shutting the Hormuz waterway has been a recurring rhetorical tool but never been acted upon, with analysts saying that it’s simply not possible.
“Let’s be real about the Strait of Hormuz. First of all, most of it is in Oman, not in Iran. Number two, it’s wide enough that the Iranians cannot close it,” said Alhajji.
Similarly, Transversal Consulting’s Wald noted that although many ships pass through Iranian waters, vessels can still traverse alternative routes via the United Arab Emirates and Oman.
“Any blockade of the Strait of Hormuz will be a ‘last resort’ option for Iran and likely contingent on a military engagement between U.S. and Iran,” said Vivek Dhar, Commonwealth Bank of Australia’s director of mining and energy commodities research.
RBC Capital Markets’ Helima Croft suggested that while there could be some disruption, a full-scale blockade was unlikely.
“It is our understanding that it would be extremely difficult for Iran to close the strait for an extended period given the presence of the US Fifth Fleet in Bahrain. Nevertheless, Iran could still launch attacks on tankers and mine the strait to disrupt maritime traffic,” said Croft, head of global commodity strategy and MENA research at RBC.
U.S. President Trump has warned of possible military action if negotiations with Iran over its nuclear program break down, but it is uncertain whether these threats are meant to raise the stakes of U.S.-Iran talks or simply to increase pressure at the negotiating table, said Dhar.
Israel carried out a wave of airstrikes on Iran early Friday morning local time, claiming the attacks were aimed at facilities linked to Tehran’s nuclear program.
According to Iranian state media, the strikes killed Mohammad Hossein Bagheri, chief of the Iranian Armed Forces, along with Hossein Salami, the commander-in-chief of Iran’s Islamic Revolutionary Guard Corps.
While a closure of the strait remains highly unlikely, the escalating conflict has prompted some to consider even the faint possibility.
“[Closing the strait] is kind of an extreme scenario, although we are in an extreme situation,” said Amena Bakr, head of Middle East and OPEC+ insights at Kpler.
“So that’s why I’m not putting that option completely off the table. We need to consider it.”
Crude futures jumped as much as 13% after Israel launched airstrikes against Iran early Friday. Global benchmark Brent futures were up 6.5% at $73.88 per barrel as of 4.30 p.m. Singapore time, while the U.S. West Texas Intermediate was trading 6.7% higher at $72.57 per barrel.
HOLMS Attachments has made it easier for heavy equipment fleets to electrify with a new sweeper attachment that’s equipped with its own power source, freeing it from the need for a mechanical or battery (e) PTO.
Commercial trucks do more than just move people and things from place to place – special implements like street sweepers, cherry pickers, and tow beds mean they do real work, as well. But the attachments, implements, and even utility bodies being upfitted onto these trucks were largely developed for diesel platforms. They typically get juice from hydraulics or other power take-off (PTO) systems that typically take the form of a splined drive shaft powered directly by the ICE.
BEVs work differently, and have to draw on their battery power to operate these tools. That takes away which takes away from both the range and performance of the EVs in question. Adding to the complexity, some of these attachments are still mechanically driven, requiring an electrically-driven spline shaft, or “ePTO” to operate.
The new eSL Electric Sweeper attachment from HOLMS aims to solve for all that new complexity that’s emerging as electric equipment becomes more commonplace.
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“Electric equipment in general has taken a lot of different directions,” said Dan Snedecor, President and General Manager of HOLMS Attachments. “We realized, let’s not use the power from the machine, because keeping up with that will be even harder than keeping up with the different style hooks and hydraulic systems.”
Developed for the electric equipment needs of the near future, HOLMS’ eSL optimizes the uptime of your electric vehicle or equipment asset so you can complete more tasks between charging sessions.
“Our theory is this will be kind of like an electric drill that we all have at home, where you leave it plugged in until you need it. You go out, you use it, and then you put it back on the charger when you’re done,” Snedecor told Equipment Journal. “The real benefit of that will be the end users don’t need machines that have extra hydraulic functions necessarily.”
The prototype sweeper is controlled from the cab of the wheel loader via Bluetooth and is equipped with a 10 kWh, 48V li-ion battery pack that’s good for three-and-a-half hours of runtime on a single charge. HOLMS says the sweeper’s battery can be recharged in about 90 minutes.
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We’ve been big fans of highly capable LSVs for a while here on Electrek, and the newest Cushman Hauler XL ELiTE electric utility vehicle keeps that trend alive with an extra-long, 68.5″ aluminum bed for even more cargo-hauling capability.
The Cushman Hauler XL ELiTE’s truck-like layout, functional dash, and familiar, car-like controls make it easier to operate than an ATV with a trailer, while its 1,200 lb. bed load capacity and 1,600-pound payload capacity (plus 1,500 lb. towing capacity) beat the pants off the classic, 00’s-era Ford Ranger pickup’s 1,140 lb. payload capacity.
The Cushman’s flatbed can be upgraded to add steel drop sides, an aluminum box bed (shown, above) and other custom upfit solutions that enable fleet operators to perfectly tailor the Hauler’s capabilities to their specific needs.
You already know how to drive it
The Hauler XL features a “twin pack” of two 56.7V, 4.2 kWh ELiTE lithium-ion batteries (8.4 kWh total) developed by Samsung SDI. The batteries are expected to be good for between four to eight hours of operation, depending on load, and are backed by a 5-year battery warranty.
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What’s more, the newest Cushman features a technology that’s commonplace in cars and trucks, but still incredibly rare in the world of UTVs: regenerative braking.
“The Hauler XL … is an industry leader in bed size, vehicle rating and bed load capacity,” says Adam Harris, vice president and general manager of Cushman and E-Z-GO. “With our five-year battery warranty and patented E-brake technology, it’s built for the most difficult jobs.”
Cushman lists the Hauler XL’s manufacturer suggested retail price (MSRP) at $19,989, but dealers are advertising new ones for as low as $17,398. For that money you get a day’s worth of silent, emissions-free operation and the previously-mentioned 1,200 lb. bed capacity.
Electrek’s Take
Hauler XL ELiTE; via Cushman.
Every smart fleet manager eventually asks themselves whether they need a pickup, or a payload. When they ask that question, they’re usually trying to decide between something like a Ford Maverick and an F-150, but with vehicles like the Hauler XL ELiTE, Club Car Urban UTV, or the latest weird thing Micah Toll dredged up on Alibaba, you get the bed and the payload capacity – and you get them both for $20-30,000 less than a conventional pickup.
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It kind of looks like the Genesis GV60. Kia’s smallest and most affordable electric SUV is set to receive a sleek new coupe variant. The Kia EV2 Coupe was spotted for the first time, giving us a clear look at how it compares to the SUV version.
Meet the Kia EV2 Coupe, a new entry-level EV
The Concept EV2 was first showcased during Kia’s EV Day in April, previewing its upcoming entry-level EV. Kia has yet to say exactly how big it will be, but it’s expected to be slightly smaller than the EV3 at 4,300 mm (169.3″) in length.
Despite its small size, Kia claims it will feel much more spaceous, thanks to a unique interior design. With a higher-sitting ride than you would expect, the EV2 even looks bigger on the road. It sort of resembles a mini EV9 with wide wheel arches and Kia’s new Tiger Face grille design.
With its official launch coming up, EV2 prototypes have been spotted driving out in public a few times now. Camouflaged, of coarse.
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We even got a sneak peek of the interior during an exclusive event at Milan Design Week in April, but the most recent sighting looks a little different.
Kia EV2 Concept (Source: Kia)
The new Kia EV2 Coupe variant was spotted on a car carrier in Korea with a coupe-like design. A video from HealerTV provides a side by side comparison of it compared to the original SUV model.
As the reporter notes, the vehicle looks almost identical from the front and back, until it comes to the C-Pillar. From what we can see, the new coupe design has a bit of a Genesis GV60-like feel to it. The bumper and trunk area have been slightly modified to fit the coupe styling.
Kia EV2 Coupe spotted in Korea for the first time (Source: HealerTV)
The new Coupe variant gains pixelated turn signals on the side mirros, giving it a more futuristic, electric look.
Unlike most of Kia’s new electric vehicles, including the regular EV2, the Coupe variant features horizontal taillights, as opposed to the new vertical design. However, that could change when it arrives in production form.
Kia Concept EV2 interior (Source: Kia)
The interior will feature Kia’s new ccNC (connected car Navigation Cockpit), a panoramic curved infotainment system with dual 12.3″ driver cluster and touchscreen navigation screens.
Kia is set to launch the EV2 in Europe and “other global regions” next year. Given the love for bigger trucks and SUVs in the US, it’s not expected to make the trip overseas.
Kia Concept EV2 (Source: Kia)
Although the company has yet to officially reveal prices, Kia’s CEO, Ho-Sung Song, told Autocar in 2023 that the company wants to launch the EV2 at around £25,000 ($32,000) in the UK. It will sit below the EV3 in Kia’;s lineup, which is priced from £32,995 ($44,800) in the UK and €35,990 ($41,600) in Europe.
What do you think of the Kia EV2 Coupe? Do you like the design better than the original modle? If it looks like the Genesis GV60, sign me up. Let us know your thoughts in the comments.
Check back soon for more info on the upcoming Kia EV2 and new Coupe variant. We’ll keep you updated with the latest.
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