Trump Announces ‘Bombing Raid’ at Kharg Island
In a statement posted on his Truth Social page late on March 13, U.S. President Donald Trump announced a “bombing raid” at Kharg Island. “Moments ago, at my direction, the…
EU Ministers Race to Shield Industry From an Escalating Energy Shock
The European Union is in a rush to find ways to alleviate the energy cost pain for consumers and businesses, with energy ministers of member states set to meet later…
Sinopec Slashes Refining Runs as Hormuz Disruption Squeezes Crude Supply
Sinopec, China’s biggest oil refiner, has reduced its run rates by 10%, Bloomberg reported today, citing unnamed sources, in response to the supply squeeze resulting from the traffic disruption in…
Iran Denies Seeking Truce as Dubai Oil Port Damaged
Iran denied US President Donald Trump’s assertion that it wants ceasefire talks, launching fresh attacks across the Persian Gulf and forcing a suspension of flights at Dubai’s main airport. The…
Oil Prices Remain Volatile as Hormuz Tensions Rise
Oil markets remained volatile in early Asian trade on Monday as Trump attempts to form a broader coalition of countries to protect shipping through the Strait of Hormuz amid fresh…
Trump Bombs Iran’s Kharg Island and Threatens to Hit Oil Exports
U.S. President Donald Trump said American forces had launched a major bombing raid on Iran’s strategic Kharg Island, targeting military facilities on the key Persian Gulf outpost while warning Tehran…
