Oil
Iraq delays July public salaries as Strait of Hormuz blockade guts oil revenue
Iraq’s oil exports plunged from 100 million barrels in February to around 32 million in May and June, according to figures shown to The National by the country’s Oil Ministry.
Gulf shipping traffic steady amid uncertainty of peace talks, eight ships transit Strait of Hormuz
Trump’s Syria-Iraq pipeline plan aims to weaken Iran’s leverage - opinion
Cuba suffers islandwide power grid collapse as US oil blockade deepens energy crisis
Ukraine attacks Russian oil refinery 700 km deep into Russian territory
The strike in Yaroslavl is the latest attack on Russian oil facilities this year. Zelensky stated that Ukrainian forces had struck another oil refinery in Syzran for the eleventh time
NATO not drawing up plans for Hormuz mission, top commander says
Any decision to launch a mission would require the approval of all NATO's 32 members, and several have already signaled opposition.
US sanctions Iranian foreign currency exchange, international front companies
“Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes,” said Scott Bessent, Secretary of the Treasury.
Islamic regime launches Persian Gulf Strait Authority, ships reportedly start paying tolls
Ships transiting the Strait of Hormuz now face tolls and strict Iranian oversight as Tehran launches the Persian Gulf Strait Authority, with JPMorgan forecasting 11‑figure annual revenue from tolls.
Abu Dhabi sees leaving OPEC as a matter of national interest - opinion
The future of Emirati relations appears less tied to traditional binaries of friend and foe and more to the logic of the useful partner, the workable path.
Kharg Island and the new energy war over Iran’s collapsing oil exports - opinion
Iran’s Kharg Island shows the hidden cost of sanctions: empty oil terminals, environmental damage, and mounting pressure.
Trump says Xi agrees Iran must open Hormuz, China calls war unjustified
Following his Beijing summit, Trump says Xi supports reopening the Strait of Hormuz, while China calls the Iran war a conflict that “should never have happened.”
Chinese supertanker breaks through US-Iran war blockade in Hormuz
The Chinese supertanker Yuan Hua Hu crosses the Strait of Hormuz after months of delay, carrying nearly 2 million barrels of Iraqi crude, as US-Iran tensions continue to shape the Gulf.
In double trouble: Iran’s oil crisis – opinion
Given that the Islamic Republic’s lifeblood – oil – is being squeezed, it should learn from history that collapse always begins with a warning sign such as this one
Syrian President Ahmed al-Sharaa announces first cabinet reshuffle since Assad ouster - report
No official reason was given for the changes.
