8/1/2026 9:13:53 AM (Volume: 43 / Issue: 8)
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Tag: Strait of Hormuz

Energy, Oil & Gas

Strait of Hormuz crisis reshapes global oil markets: IEA

Global energy markets faced their worst supply shock after the near-closure of the Strait of Hormuz cut flows from 20 million to 2.7 million barrels per day, driving record price spikes and prompting emergency stock releases and global supply adjustments, according to International Energy Agency (IEA). ...

Energy, Oil & Gas

Oil prices rise as Trump threatens action on Iran

Oil prices surged on Monday after US President Donald Trump threatened renewed military action against Iran and warned that Washington could "take over" the Strait of Hormuz if ongoing negotiations with Tehran fail, reigniting concerns over global energy supplies....

Energy, Oil & Gas

Iraq moves to export oil via Syria as Gulf routes disrupted

Iraq is preparing to expand crude oil and naphtha exports through Syrian ports as it moves to diversify trade routes after the Iran war disrupted its main Gulf shipping channels and effectively closed the Strait of Hormuz....

Energy, Oil & Gas

Iraq aims to restore oil output above 3 million bpd

Iraq expects to return oil production from its southern fields to levels ​exceeding three million barrels per day within one to two ‌months, Iraq's state news agency reported....

Energy, Oil & Gas

Strait of Hormuz tensions expose Southeast Asia’s energy risks: IEA

An International Energy Agency (IEA) report warns that disruptions to Strait of Hormuz energy shipments have exposed Southeast Asia’s dependence on imported fuels, highlighting the need for stronger energy security, diversification and efficiency measures as regional energy demand continues to rise....

Energy, Oil & Gas

Strait of Hormuz disruption costs 'could top $150bn already'

The disruption to shipping through Strait of Hormuz is not just energy shock, but a whole economy story; and while direct damage to energy infrastructure exceeds $60 billion, lost revenue and trade loss will be above $150 billion, Crescent Petroleum CEO has said....

Energy, Oil & Gas

OPEC chief says global oil demand will remain robust this year

Despite ongoing disruption to oil flows through the Strait of Hormuz and continued uncertainty surrounding the conflict involving Iran, OPEC has maintained its forecast for global oil demand growth, citing no evidence of a slowdown in consumption....

Energy, Oil & Gas

'When Strait of Hormuz is strangled, the world's poorest cannot breathe'

Nearly one billion people living in the world's most vulnerable economies could face higher living costs, inflation and slower growth as disruptions in the Strait of Hormuz drive up global oil prices, the United Nations Conference on Trade and Development (UNCTAD) has warned....

Energy, Oil & Gas

Oil, LNG vessels exit hormuz for Pakistan, China

Two liquefied natural gas tankers passed through the Strait of Hormuz on Monday ( May 25) heading to ‌ route to Pakistan and China, while a supertanker carrying Iraqi crude for China departed the Gulf on Saturday after being stranded for nearly three months, according to shipping data cited by Reuters....

Energy, Oil & Gas

ADNOC's second oil pipeline to bypass Hormuz 50% complete

The Abu Dhabi National Oil Company (ADNOC) is accelerating construction of a second crude export pipeline designed to bypass the strategically sensitive Strait of Hormuz, with the project now 50% complete and targeted for delivery in 2027, according to Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO....

Energy, Oil & Gas

ADNOC committed to $150bn energy capital expenditure, says Dr Al Jaber

ADNOC remained committed to its $150 billion five-year capital expenditure (CAPEX) programme, said Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology. He sought an absolute commitment to freedom of navigation through the Strait of Hormuz to to enhance global energy resilience....

Energy, Oil & Gas

UAE fast-tracks new oil pipeline, set to double export capacity via Fujairah

The UAE is accelerating construction of a major new oil pipeline that will double ADNOC’s crude export capacity through the emirate of Fujairah, strengthening the country’s ability to ship oil to global markets without relying on the strategically vital but increasingly vulnerable Strait of Hormuz....

Energy, Oil & Gas

IEA warns of oil market deficit amid Mideast disruption

International Energy Agency (IEA) says global oil markets face disruptions in 2026 due to Middle East conflict and Strait of Hormuz restrictions, with demand forecast to fall by 420 kb/d to 104 mb/d, led by a sharp Q2 decline....

Energy, Oil & Gas

Iraq, Pakistan strike shipping deals with Iran as Tehran flexes its muscle

Countries striking side deals with Iran to secure oil and gas shipments through the Strait of Hormuz are raising fresh concerns among Gulf exporters, as the lack of progress in US-Iran peace talks fuels fears that Tehran could entrench its new control over one of the world’s most critical energy corridors....

Energy, Oil & Gas

Aramco CEO sees Hormuz risks delaying oil recovery to 2027

Amin Nasser, President and CEO of Aramco, warned that ongoing disruptions to oil exports through the Strait of Hormuz could postpone the global oil market’s recovery until 2027, according to a report by Reuters....

Energy, Oil & Gas

Adnoc Gas reports resilient Q1 net income of $1.1bn

ADNOC Gas reported $1.1 billion net income in Q1 2026, demonstrating strong operational and financial performance despite regional uncertainty, energy-sector disruption, and maritime challenges affecting movements through the Strait of Hormuz....

Energy, Oil & Gas

Qatari LNG Tanker crosses Strait of Hormuz as peace talks await Iran response

A Qatari liquefied natural gas (LNG) tanker was sailing toward the Strait of Hormuz on Saturday in what would be the first such transit since the outbreak of the US-Israel- Iran war, even as uncertainty persisted over peace efforts with Washington still awaiting Tehran's response to a proposal....

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