Iran Declares Strait of Hormuz Closed as ‘Unauthorised’ Vessel Hit
Iran on Sunday said it closed the Strait of Hormuz after a vessel traveled on an unapproved route and was struck, warning that any retaliation over the incident would be…
Oil Gains Over 2% as Fresh Military Srikes Threaten Hormuz Shipments
Summary Hormuz traffic slows to multi-week low on renewed conflict Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed Trump says Strait of Hormuz open…
US Cost for Gas Power at 17-Year High and Climbing, Lazard Says
The cost of power from natural gas-fired plants in the US hit the highest level in at least 17 years, and is poised to climb even higher as demand surges…
TRUMP WANTS CONTROL: Trump Says the US Will Control Strait of Hormuz and Get Paid For It
President Donald Trump said on Monday that the United States would probably take over the Strait of Hormuz and should be reimbursed for controlling the vital waterway. Get the Latest…
Iraq’s Prime Minister Seeks Big Energy Investments on US Trip
By Ahmed Rasheed and Muayad Hameed Zaidi bets on US companies to bolster energy sector Iran war dealt major blow to Iraq’s economy Zaidi expected to discuss deals with Trump…
UN Shipping Agency Opposes Fees for Any Strait, More Details Sought on Trump Post on Cargo Charge
(Reuters) – More details are awaited after U.S. President Donald Trump said in a post that Washington was reinstating a naval blockade on Iran and would be reimbursed 20% on…
Crude Stocks in US Strategic Reserve Fall 3 Million Barrels to Lowest Level Since 1983
(Reuters) – Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 3 million barrels last week to 316.5 million barrels, the lowest level since April 1983,…
Oil Gains Over 5% as Trump Says US Reinstating Iran Naval Blockade
By Both sides have renewed strikes Iran says will not allow Washington to intervene in the Strait of Hormuz Cargo traffic had already begun to slow as tensions had increased…
Helix acquires $11m helium liquefaction plant in Oklahoma
By 42 min ago 2 min read US-based helium firm Helix Exploration (Helix) has completed its acquisition of the $11m Keyes helium purification and liquefaction facility in Oklahoma. According to…
UAE Oil Output Hits All-Time High, Doubling Pre-Crisis Levels
The United Arab Emirates (UAE) produced 4.1 million barrels per day (bpd) of crude oil in June, its highest output ever, according to estimates by the International Energy Agency. The…
