Wednesday 22 - 14:20
Crude imports across Asia are declining as the closure of the Strait of Hormuz approaches its eighth week, exposing the limits of alternative supply routes. Major importers including China, India, South Korea and Japan are struggling to replace Middle Eastern crude that previously moved through the corridor, which typically carries around......
The United States is considering a proposal to release up to 20 billion dollars in frozen Iranian assets in exchange for Tehran handing over its stockpile of enriched uranium, as part of efforts to end the ongoing conflict with Iran. The plan forms part of a broader framework aimed at de escalating tensions following weeks of military confrontation. Donald......
The world’s largest oil and gas companies, along with major producing states, are on track to generate an additional $234 billion in profits by the end of 2026 if crude prices remain around $100 per barrel. The projection, based on data from Rystad Energy, reflects how the conflict linked to Iran and the disruption of the Strait of Hormuz......
The United States began enforcing a sweeping naval blockade on all maritime traffic to and from Iranian ports on Monday, marking a sharp escalation as Washington and Tehran weigh a return to negotiations ahead of a fragile ceasefire deadline on April 21. The US Central Command said the blockade took effect at 10 a.m. Eastern Time across the......
Saudi Arabia has announced the full restoration of oil transport capacity on its strategic East-West pipeline, reaching approximately seven million barrels per day, following recent attacks linked to regional tensions. The announcement comes after several energy facilities across the kingdom were affected during the escalation of conflict......
French President Emmanuel Macron has reaffirmed his commitment to easing tensions in the Middle East, following discussions with Saudi Crown Prince Mohammed bin Salman. In a message shared after their exchange, Macron said both leaders agreed to remain in close contact to help promote de-escalation efforts, ensure freedom of navigation, and......
Ukrainian President Volodymyr Zelensky confirmed that Ukrainian forces have actively intercepted Iranian-designed Shahed drones in several Middle Eastern countries, marking a significant expansion of Kyiv’s operational role beyond its own territory. Speaking to journalists during a briefing reported by Associated Press and Euronews,......
French energy company TotalEnergies has confirmed the temporary shutdown of the Satorp refinery in Saudi Arabia following recent attacks that damaged part of the facility. The decision was taken as a precautionary safety measure after incidents occurred during the night of April 7 to 8. According to information provided to investors, operational......
Goldman Sachs warned Thursday that Brent crude could average above $100 a barrel through 2026 if the Strait of Hormuz remains closed to normal tanker traffic for another month. The note highlights fragility in the recent US-Iran ceasefire. "The situation remains uncertain," analysts including Daan Struyven wrote after the two-week......
Global markets posted broad gains Friday as investors showed cautious optimism ahead of high-stakes US-Iran peace talks set to begin Saturday in Islamabad, Pakistan. The rebound remains fragile. Israeli strikes in Lebanon threaten to shatter the two-week truce, and the Strait of Hormuz stays largely closed to maritime trade. The ceasefire......
Saudi Arabia shut the King Fahd Causeway early Tuesday, severing the sole land link between the kingdom and the island of Bahrain, after Iran launched ballistic missiles at the oil-rich Eastern Province. The closure came as a deadline set by U.S. President Donald Trump, demanding Iran reopen the Strait of Hormuz by 8:00 p.m. Eastern time Tuesday,......
Five weeks into Iran's sustained drone and missile campaign against Gulf states, the arithmetic of air defense is turning against the defenders. Gulf countries have exhausted the vast majority of their pre-war interceptor stocks repelling thousands of incoming projectiles, and resupply is falling well short of the pace required, according......
Paramount Skydance is close to securing $24 billion in equity commitments from three Gulf sovereign wealth funds to help finance its $81 billion acquisition of Warner Bros. Discovery, the Wall Street Journal reported Sunday, in a deal that would end weeks of uncertainty over whether Middle Eastern capital would remain part of the transaction. Saudi......
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