Middle East
News
June 11, 2026
Oil prices fell nearly 4% after President Trump abruptly canceled planned strikes against Iran and signaled progress toward a potential agreement, easing immediate concerns over Kharg Island and Persian Gulf oil exports.
News
June 11, 2026
President Trump threatened additional strikes against Iran and raised the prospect of targeting Kharg Island, the country's primary oil export hub, escalating concerns over global crude supplies and the future of energy flows through the Persian Gulf.
News
June 11, 2026
Even as flows through the Strait of Hormuz gradually improve, Enverus warns the damage to global oil inventories may already be done. New modeling suggests OECD stocks could fall to a 20-year low, keeping Brent above $100/bbl well into 2027.
News
June 10, 2026
WTI crude settled above $91 per barrel after President Trump warned of possible new strikes against Iran and U.S. government data showed a larger-than-expected draw in crude inventories, adding to concerns over global oil supplies.
News
June 10, 2026
An oil tanker linked to previous Iranian crude shipments reported a fire while transiting the Gulf of Oman, prompting responses from maritime security agencies and raising fresh concerns about shipping security near the Strait of Hormuz.
News
June 07, 2026
Peace talks between the U.S. and Iran remain deadlocked 100 days into the conflict, while renewed military exchanges and continued disruptions in the Strait of Hormuz keep pressure on global oil markets and regional energy infrastructure.
News
June 03, 2026
Fresh military exchanges between the U.S. and Iran are placing new strain on a fragile ceasefire and raising uncertainty around negotiations aimed at reopening the Strait of Hormuz and restoring regional energy flows.
News
June 03, 2026
Kuwait is evaluating expanded overseas oil storage capacity and alternative export routes after disruptions linked to the Iran war highlighted the country's dependence on the Strait of Hormuz for crude exports.
News
June 03, 2026
Aramco has selected McDermott for a long-term project management consultancy agreement supporting energy, petrochemical and low-carbon developments across Saudi Arabia, strengthening the contractor's role in the Kingdom's future project portfolio.
News
June 02, 2026
Despite ongoing U.S.-Iran negotiations, commercial shipping traffic through the Strait of Hormuz remains sparse, highlighting continued uncertainty over when energy flows may begin returning to normal.
News
June 01, 2026
Oil prices climbed sharply after reports that Iran plans to suspend communications with the United States, raising concerns about ongoing ceasefire negotiations and efforts to restore energy exports through the Strait of Hormuz.
News
May 30, 2026
Ship traffic through the Strait of Hormuz is beginning to recover as U.S. military officials provide navigation guidance to commercial vessels, offering cautious optimism for oil and LNG flows despite continuing security concerns in the region.
News
May 29, 2026
Chevron CEO Mike Wirth said multiple vessels transiting the Strait of Hormuz were attacked this week, highlighting persistent security risks for oil shipping even as the United States and Iran move closer to a potential ceasefire agreement.
News
May 28, 2026
The U.S. and Iran have reportedly reached a tentative agreement to extend their ceasefire by 60 days and continue negotiations over Tehran's nuclear program and the Strait of Hormuz, though final approval from President Trump remains pending.
News
May 28, 2026
Three oil tankers tied to Russia’s shadow fleet were reportedly targeted by drone attacks during ship-to-ship crude transfer operations in the Black Sea near Turkey, highlighting escalating risks to regional oil shipping routes.
News
May 27, 2026
Strohm has secured its first offshore Egypt contract to supply a thermoplastic composite pipe flowline for the West Delta Deep Marine gas development, supporting subsea infrastructure upgrades in nearly 600 m of water.
News
May 27, 2026
President Donald Trump said the U.S. remains dissatisfied with negotiations aimed at ending the conflict with Iran and reopening the Strait of Hormuz, pushing back against earlier Iranian media reports suggesting a deal could soon normalize maritime traffic through the vital waterway.
News
May 27, 2026
Iranian state media reported that maritime traffic through the Strait of Hormuz could return to normal within a month of a proposed U.S.-Iran interim agreement, easing concerns across global oil and LNG markets.
News
May 26, 2026
Oil prices rebounded as renewed military tensions between the U.S. and Iran complicated negotiations aimed at reopening the Strait of Hormuz, prolonging uncertainty across global crude and LNG markets.
News
May 25, 2026
Oil prices fell sharply as U.S. and Iranian officials signaled progress toward a potential agreement to reopen the Strait of Hormuz, easing concerns over global crude and LNG supply disruptions.
News
May 24, 2026
U.S. and Iranian negotiators are reportedly nearing a framework that could reopen the Strait of Hormuz, a critical chokepoint for global oil and LNG trade, though major disagreements over sanctions and uranium enrichment remain unresolved.
