A full blockade could halt the remaining flows and threaten economies far beyond the Middle East By Weilun Soon and Clara Ferreira Marques U.S. President Donald Trump’s plan for a full naval blockade of the Strait of Hormuz threatens to deepen an already unprecedented crisis in one of the world’s most important energy-producing regions. The …
How Would Trump’s Blockade of the Strait of Hormuz Work? Read More »
(Reuters) – The European Union’s member states must coordinate on energy prices amid a 22 billion euro ($25.70 billion) increase in fossil fuel bills since the start of the Iran war, EU Commission President Ursula von der Leyen said on Monday. “We’re also looking into … coordination of member states’ gas storage filling to …
EU Member States Must Coordinate on Energy Prices Amid Iran Conflict, von der Leyen Says Read More »
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(Reuters) – Morgan Stanley left its Brent crude oil price forecasts unchanged on Monday, at $110 a barrel for the second quarter of 2026 and $100 a barrel in the third quarter, falling to $80 a barrel in 2027. The bank said it expected oil supply chains to take months to normalise even if a …
Morgan Stanley Maintains Oil Price Forecasts and Predicts Slow Recovery in Supply Read More »
Summary US says it will block shipping in and out of Iran on Monday Blocking Iran shipments would take a major source of oil offline Iran exported 1.84 million barrels per day of crude in March (Reuters) – The U.S. military said it would block shipping traffic in and out of Iran’s ports starting …
WHAT IT MEANS FOR OIL – What Does a US Naval Blockade of Iran Mean for Oil Flows? Read More »
Summary US to start blockading vessels later on Monday from reaching Iranian ports Two Pakistani tankers enter the Gulf on Sunday Malta-flagged tanker makes U-turn at Hormuz (Reuters) – Oil tankers are steering clear of the Strait of Hormuz ahead of a U.S. blockade later on Monday following failed peace talks between the U.S. and …
Oil Tankers Steer Clear of Hormuz Ahead of US Blockade Read More »
Summary Trump announces US naval blockade of Strait of Hormuz Democratic senator questions Trump’s strategy Trump’s approval rating slumping since war on Iran began MIAMI, April 12 (Reuters) – U.S. President Donald Trump said on Sunday that the price of oil and gasoline may remain high through November’s midterm elections, a rare acknowledgement of the potential political …
Trump Says Gas Prices May Remain High Through November Midterm Election Read More »
Iran’s Revolutionary Guards said on Sunday that any military vessels attempting to approach the Strait of Hormuz will be considered a violation of the two-week U.S. ceasefire and be dealt with harshly and decisively. The strait is under the control and ‘smart management’ of Iran’s Navy, the Guards said in a statement reported by …
Iran’s Guards Will View Military Vessels Approaching Strait as Ceasefire Breach Read More »
Iran aims to restore majority of refining capability within two months, oil ministry official says Iran expects to restore most damaged refining and distribution facilities to 70–80% of their pre-attack capacity within one to two months, a senior oil official said, as authorities work to recover from a wave of strikes on energy infrastructure. Deputy …
President Donald Trump on Sunday said the U.S. Navy would immediately start blockading the Strait of Hormuz and would also interdict every vessel in international waters that had paid a toll to Iran. Trump made his remarks in a Truth Social post hours after U.S-.Iran peace talks ended without a deal. Trump said the meeting …
Trump Says US to Start Blockading the Strait of Hormuz Immediately Read More »
