Oil continues flowing through Hormuz despite Iran’s closure claim
(Bloomberg) — Millions of barrels of crude oil continued moving through the Strait of Hormuz over the weekend despite Iran’s announcement that it had closed the critical waterway, highlighting growing…
Oil continues flowing through Hormuz despite Iran’s closure claim
Despite Iran’s announcement that the Strait of Hormuz is closed, millions of barrels of crude continue to move through the critical shipping lane. The conflicting signals highlight the uncertainty still…
Equinor to Boost Troll Gas Output with $412 Million Subsea Development
Equinor and its partners in the Troll gas field have decided to invest more than $400 million in a new subsea development to boost gas production from the huge Norwegian…
Hormuz Traffic Stalls as U.S.-Iran Talks Collapse
A day after a rush to exit the Strait of Hormuz started, tanker traffic at the chokepoint is dwindling again as shippers pull back from immediate passage amid the collapsed…
Iran Delays Permanent Peace Talks after Lebanon Clashes
(Update) June 19, 2026, 2:25 PM GMT: Article updated throughout. Iran delayed the start of negotiations over a permanent peace deal with the US after fighting intensified in southern Lebanon,…
Beijing Steps Up Scrutiny of Indium Exports as AI Chip Demand Soars
China has started scrutinizing more carefully its exports of indium, an element that is key to making high-speed chips for AI data centers, raising concerns that export curbs could follow…
India Receives First Post-Deal LNG Cargo Through Strait Of Hormuz
India on Friday received the first LNG tanker that had passed through the Strait of Hormuz since the U.S. and Iran announced a deal this past weekend. The LNG carrier…
India Orders Major Strategic Oil Reserve Expansion After Supply Crisis
India’s government has asked state-owned Oil and Natural Gas Corp (ONGC) to build and fill a new site for strategic petroleum reserves, with an estimated investment of $1.6 billion, local…
Philippines Seeks Long-Term Oil Supply Deal With Russia
The Philippines is looking to formalize a deal to buy oil from Russia on a more permanent basis amid the energy crisis and heightened geopolitical tensions, Philippines President Ferdinand R.…
India Isn’t Rushing Back to Middle Eastern Oil Despite Hormuz Reopening
Indian refiners have enough crude to last them two months, so they will not be scrambling to buy Middle Eastern cargoes expected to be coming out through the reopened Strait…
