UAE: Weaponizing Hormuz is Economic Terrorism Against the World
Iran’s weaponization of the energy and trade flows through the Strait of Hormuz amounts to economic terrorism against every nation in the world, according to the United Arab Emirates (UAE),…
Indian Refiners Cautious Over Iranian Oil Despite U.S. Waivers
The state refiners in India, the world’s third-largest crude importer, have not shown willingness to purchase Iranian crude that has now been ‘unsanctioned’ by the U.S. for a month, amid…
Valero Shuts Major Refinery After Explosion as Fuel Markets Tighten
Valero has shut down its Port Arthur refinery after an explosion late on Monday set a diesel processing unit on fire, Reuters has reported, citing unnamed sources. Other reports say…
China’s Green Energy Stocks Surge as Middle East War Upends Oil Markets
Shares of Chinese battery makers and green energy manufacturers have jumped since the start of the war in the Middle East as investors bet on higher global demand for renewable…
Tanker Carrying Iraqi Oil Crosses Hormuz
A very large crude carrier under a Panama flag has passed through the Strait of Hormuz carrying 2 million barrels of Iraqi crude, Bloomberg has reported, citing ship-tracking data. This…
Japan Moves to Release Oil Stockpiles as Energy Crisis Deepens
Japan is preparing to start releasing crude oil from stockpiles held jointly by the country and oil producers as well as national stocks, Prime Minister Sanae Takaichi said in an…
