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(Reuters) – More details are awaited after U.S. President Donald Trump said in a post that Washington was reinstating a naval blockade on Iran and would be reimbursed 20% on all cargo shipped through the Strait of Hormuz, the U.N.’s shipping agency said on Monday. “We are aware of the post and awaiting more details,” …
By Ahmed Rasheed and Muayad Hameed Zaidi bets on US companies to bolster energy sector Iran war dealt major blow to Iraq’s economy Zaidi expected to discuss deals with Trump BAGHDAD, July 13 – Iraq’s new Prime Minister Ali al-Zaidi aims to secure major U.S. investment in his country’s oil, gas, and power sectors during …
Iraq’s Prime Minister Seeks Big Energy Investments on US Trip Read More »
President Donald Trump said on Monday that the United States would probably take over the Strait of Hormuz and should be reimbursed for controlling the vital waterway. “We’re going to keep the strait, and we’ll probably run it. We’ll become the guardian of the strait. Maybe we’ll call it the guardian angel of the …
TRUMP WANTS CONTROL: Trump Says the US Will Control Strait of Hormuz and Get Paid For Tt Read More »
The cost of power from natural gas-fired plants in the US hit the highest level in at least 17 years, and is poised to climb even higher as demand surges from new data centers. That’s according to George Bilicic, global head of power, energy and infrastructure at Lazard Inc., which tracks the so-called levelized cost of energy. …
US Cost for Gas Power at 17-Year High and Climbing, Lazard Says Read More »
Summary Hormuz traffic slows to multi-week low on renewed conflict Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed Trump says Strait of Hormuz open to commercial traffic UAE’s ADNOC lowers Murban crude selling price for August (Reuters) – Oil prices surged more than 2% on Monday after renewed military …
Oil Gains Over 2% as Fresh Military Srikes Threaten Hormuz Shipments Read More »
The U.S. military said on Saturday it launched a new round of strikes against Iran after Islamic Revolutionary Guard Corps forces attacked a Cyprus-flagged container ship transiting the Strait of Hormuz. “A civilian crew member is missing and the vessel is unable to continue the journey due to an onboard fire and significant engineroom …
US Says it Launched Strikes Against Iran After Attack on Cyprus-Flagged Container Ship Read More »
Iran on Sunday said it closed the Strait of Hormuz after a vessel traveled on an unapproved route and was struck, warning that any retaliation over the incident would be met with a “severe response.” “A vessel that had jeopardized maritime security by switching off its systems was struck and brought to a halt,” …
Iran Declares Strait of Hormuz Closed as ‘Unauthorised’ Vessel hit Read More »
(Reuters) – Shale producer Occidental Petroleum said in a filing on Friday its worldwide average realized oil prices rose 38.4% in the second quarter compared with the previous three months, driven by higher benchmark crude rates amid the Middle East conflict. The U.S.-Iran war has injected a hefty geopolitical risk premium into the energy markets and …
Occidental’s Quarterly Realized Oil Prices Jump Amid Iran War Disruption Read More »
Summary AAA data showed average US gasoline prices rose 6 cents this week to $3.88 a gallon Friday Refinery outages in Russia and the United States are squeezing fuel supplies EIA data showed US petroleum products exports hit a weekly record 8.7 million bpd (Reuters) – U.S. drivers have seen gasoline prices climb again …
US Pain at the Pump Worsens After More US-Iran Fighting Lifts Oil Prices Read More »
(Reuters) – The United States on Friday issued new Iran-related sanctions following Iran’s resumption of attacks on international shipping in the Strait of Hormuz, the Treasury Department said. The sanctions target Ali Ansari, an Iranian banker and businessman based in Dubai who had previously been sanctioned by Britain for his role in financially supporting the …
US Issues Fresh Iran-Related Sanctions, Website Shows Read More »
