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PERSIAN GULF CRISIS
Asia going to sweat a lot more in coming weeks amid Middle East crisisThe Asia heatwave is set to intensify across Japan, China and South Korea, driving higher cooling demand, electricity consumption and LNG i...- New threat by Yemen's Houthis could widen Iran war, put another trade chokepoint at riskHouthi rebels threaten to blockade the Bab el-Mandeb Strait, impacting global trade routes. They recently attacked two Saudi oil tankers in...
- Iran war forces cash-strapped Asian nations to buy expensive LNGPakistan and Bangladesh face high LNG costs due to Middle East conflict. This situation strains government finances and prompts rethinking ...
- Why the Red Sea remains one of the world's most dangerous shipping routesRed Sea Shipping Route Explained: In a concerning development, Iran has alerted the world to possible disruptions in the Red Sea that threa...
- After Saudi Arabia, Kuwait explores defence pact with PakistanKuwait is in talks with Pakistan to sign a comprehensive defence pact amid escalating regional tensions following Iran's renewed attacks on...
- Asian refiners may be the surprise winners of fresh fuels crunchAsian refiners are well positioned to ship petroleum products globally. Renewed Middle East conflict and Russian diesel export bans are tig...
- Strait of Hormuz closure must end within weeks or global economy will suffer, IEA chief warnsGlobal economic headwinds could emerge if Strait of Hormuz disruptions continue for weeks. Financial markets show anxiety over escalating c...
- DG Shipping to monitor Indian seafarers irrespective of vessel flag: Sarbananda SonowalIndian seafarers in West Asia will now be monitored by the Directorate General of Shipping. A new dashboard will provide real-time informat...
- War and economic crisis complicate efforts to protect Iran's endangered wildlifeWar and economic crises are severely impacting Iran's endangered wildlife populations. Conservationists face immense challenges preserving ...
- US and Iran vie for Strait of Hormuz, waterway key to global energy supplies, in latest attacksThe United States and Iran both claim control over the Strait of Hormuz. Escalating attacks across the Middle East threaten ongoing diploma...
- US attacks Iran over ship being hit in Hormuz; Tehran responds by hitting Arab statesThe United States attacked Iran after an Iranian strike damaged a container ship in the Strait of Hormuz. Iran retaliated by targeting seve...
- India’s wartime buying spree leaves behind a cooking gas surplusIndia's fuel retailers now have excess cooking gas supplies. They had booked extra cargoes anticipating supply disruptions in the Persian G...
- UN maritime head demands 'restraint' as 6,000 Gulf seafarers strandedNearly six thousand seafarers remain stranded in the Persian Gulf due to recent attacks. The International Maritime Organization head urged...
- Energy-hungry Asia is already drawing lessons from Iran crisisAsia is learning crucial lessons from the recent Persian Gulf conflict, emphasizing the need for larger energy reserves and a wider array o...
- European nations now believe some Hormuz fees are inevitableLeading European nations now acknowledge potential fees for ships transiting the Strait of Hormuz, a shift in stance following the US-Iran ...
- Oil Price Today (July 1): Crude oil above $73 as Iran rejects direct peace talks with US. Where are prices headed?Brent crude futures were up 50 cents, or 0.69%, at $73.45 a barrel at 1208 GMT. U.S. West Texas Intermediate (WTI) crude rose 63 cents, or ...
- Abu Dhabi proposes new oil-pricing system to mirror wider marketAbu Dhabi National Oil Co. is proposing a shift in how it prices crude for term customers, aligning with regional trading norms. The compan...
- India plans to add strategic fuel reserves after Iran war shockIndia is bolstering its energy security by planning strategic reserves of crude oil, LPG, and LNG to cover up to a month's demand, aiming t...
- Hormuz oil transits continue though attacks make owners waryVessel traffic through the Strait of Hormuz saw a dip as some shipping companies expressed reduced confidence following weekend attacks on ...
- Trump says Iran has requested a meeting, but Iranian officials say nothing has been scheduledAmidst escalating tensions in the Strait of Hormuz, President Trump announced a potential meeting with Iran in Doha, though Iranian officia...
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