Oil & Geopolitics
Tehran says it maintains control over Strait of Hormuz and sees no need for mines.
March 24, 2026
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Tehran says it maintains control over Strait of Hormuz and sees no need for mines.
Markets reacted swiftly after the US signalled a potential diplomatic off-ramp in the Iran war, with crude prices dropping as fears of immediate supply disruption
Attack on key gas facilities forces refinery shutdowns and marks a major escalation, with Iran’s energy infrastructure directly targeted for the first time in the
Fire reported onboard after vessel struck north of Oman.
Extraordinary Council session on March 18–19 will address threats to vessels and seafarers in Gulf waters.
OFAC licence permits sale and delivery of cargoes already at sea until April 11.
Authorities say no injuries have been reported as emergency teams respond to a fire caused by a drone strike at the industrial site.
Lukoil has signed a non-exclusive agreement with US investment firm Carlyle to sell its international assets.
The US forces have detained another Venezuela-linked tanker in the Caribbean.
Galp and Moeve have agreed to explore a potential combination of their downstream businesses that could create two leading energy and mobility platforms in the