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EXPLAINED: 3 | Rare Historical Photos

About 90 ships crossed Strait of Hormuz despite war, finds report

HONG KONG: About 90 ships including oil tankers have crossed the Strait of Hormuz since the outset of the war with Iran and it is still exporting millions of barrels of oil at a time when the waterway has been effectively closed, according to maritime and trade data platforms. Many…

The Times of India

Trump Administration Eliminated Energy Experts Who Model Oil Market Shocks Ahead Of Iran Strikes — Elevates Risk Of Price Surges

Cuts to US energy offices under the Trump administration are under scrutiny as Iran war strikes rattle oil markets and complicate efforts to manage the global energy crisis.

International Business Times UK

Iran oil exports continue as tankers cross the Strait of Hormuz despite conflict

Dozens of ships are still navigating the Strait of Hormuz as Iran keeps oil flowing, despite continued attacks aimed at one of the world’s most critical trade routes.

Euronews

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About 90 ships have crossed the Strait of Hormuz since war began. Here’s how

Most shipping traffic through the Strait of Hormuz, which supplies roughly one-fifth of the world’s crude oil, has been halted since early March

The Independent UK

How countries are cutting deals with Iran to move oil through the Strait of Hormuz – and undermine Trump

IN DEPTH: The sea channel has become perilous for oil tankers since Iran claimed control of it during the war. But experts tell Bryony Gooch that Tehran may be willing to grant safe passage to countries willing to engage in diplomacy

The Independent UK

Why Govt Suddenly Stopped LPG Refills for PNG Homes

For many Indian families, a cooking gas cylinder is part of daily life. You book a refill, the delivery arrives, and the kitchen keeps running smoothly. But now, a new rule has quietly changed that routine. The government has announced that households with Piped Natural Gas connections can no longer…

MyLifeXP

Kharg Island, the fragile oil lifeline behind Iran’s war economy

A small island in the Gulf has become a flashpoint in the widening war involving Iran, the United States and Israel. Kharg Island handles almost all of Iran’s oil exports – making it a vital economic lifeline for Tehran.

Radio France Internationale

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How Trump’s bid to cut oil prices will fill Russia’s war chest with billions

ANALYSIS: Russia is set to earn up to two-thirds more a month from its oil and gas revenue than it did in February, experts say, potentially wiping out months of losses in a matter of weeks. Stuti Mishra reports

The Independent UK

War disrupts fertiliser supplies and puts food security at risk

With production in the Gulf countries at a standstill and gas prices rising, the war in the Middle East is disrupting the supply of fertilisers and posing risks for food security.

Radio France Internationale

India rations cooking gas as Strait of Hormuz tensions choke supplies

Cooking gas shortages are already forcing eateries to close as industry bodies warn of widespread economic damage in a country that imports the bulk of its oil and gas. Namita Singh reports

The Independent UK

Trump’s ‘free flow of energy’ vow fails to restart shipping in strait of Hormuz

Only two vessels not linked to Iran or Russia have braved ‘chicken run’ since US president’s promise on Friday

The Guardian - UK

War with Iran chokes flows of oil and natural gas, highlighting energy security risks for Asia

The war with Iran is disrupting oil and LNG shipments through the Strait of Hormuz, a key artery for global energy trade, sending prices higher and threatening global growth

The Independent UK

How Iran’s closure of Strait of Hormuz could upend global oil and gas supplies

Iran has effectively shut down the Strait of Hormuz in retaliation for the US-Israeli war. Given that a quarter of seaborne oil and a fifth of global LNG shipments pass through this critical maritime route, the move may prove catastrophic for major economies dependent on energy supplies from the Gulf.…

The Independent UK

Cuba on the brink as Trump turns up the pressure: ‘There is going to be a real blockade’

Country is already suffering acute fuel shortage; experts say complete cutoff will be ‘catastrophic’ to its infrastructure

The Guardian - US

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The Independent UK

EU still pouring billions into Russian gas economy despite war in Ukraine, analysis shows

EU purchases from an oil project in Siberia netted billions in revenue for the Kremlin last year

The Independent UK

India is selling Russian oil products to EU at record rate before ban kicks in

From January new EU sanctions will prohibit the import of petroleum products refined from Russian oil in third countries

International Business Times

India's Modi Dangles Tax Cuts As US Tariffs Loom

Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say.

Benzinga

Oil Prices Could Surge By 10% As US Drops Bunker Buster Bombs On Iran, But May Not 'Last,' Says Analyst: 'Freight Disruptions Will Be The Story To Watch'

In the wake of the U.S. dropping bunker buster bombs on Iran’s key nuclear sites, energy markets are preparing for potential disruptions and a further surge in oil prices.

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Fortune

Dow futures drop 150 points while oil prices jump after the U.S. bombs Iran's nuclear sites and widens Mideast conflict

"It will take some time for this conflict to settle, but the market will view the worst is now in the rear-view mirror," Dan Ives wrote.

Fortune

Oil prices could spike 10% after the U.S. attack on Iran — 'But don’t be fooled, this may not last'

Based on the closing price of Brent crude on Friday, a 10% jump would send the global oil benchmark to nearly $85 per barrel.

Reason

Does Trump Want Lower Gas Prices or Oil Sanctions on Iran?

The Trump administration’s math on Middle Eastern energy supplies just doesn’t add up.

France 24

‘Phantom fleet’ suspected of transporting Russian liquefied natural gas from the Arctic

Satellite images from August show two liquefied natural gas (LNG) tankers docked at the port of Arctic LNG 2, a Russian LNG production mega-project sanctioned by the United States. Because they transmit false GPS coordinates and have links with opaque companies supposedly based in Dubai, these ships could be part…

Radio France Internationale

French imports of Russian LNG surge, but Ukraine supporters seek a stop

Shipments of Russian liquified natural gas (LNG) to France more than doubled the first half of this year, fresh analyses of trade data shows. It comes as Europe seeks to pull back from energy purchases that help finance the Kremlin's invasion of Ukraine.

The Independent UK

French imports of Russia's liquified natural gas surge, and Ukraine supporters seek a stop

New analyses of trade data show that shipments of Russian liquified natural gas to France more than doubled the first half of this year

Al Jazeera

Oil supply tightens in Europe over Red Sea disruptions

The volume going to Europe from the Middle East has nearly halved amid continuing attacks by Yemen’s Houthi rebels.

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