Oil tumbles as Iran signals Hormuz could open within 30 days Traders continue to bet that a resolution to end the US-Israel-Iran war is near. Iran
US-Iran tit-for-tat strikes over Hormuz expose risks of prolonged standoff If the Trump administration does not reach an agreement with Iran soon, the specter of long-term, low-grade conflict over the strait may set in. By Jared Szuba In Washington, DC, reporting on defense, national security, military
Iran’s Hormuz authority declares control over ports in UAE, Oman: What to know The Persian Gulf Strait Authority released a map showing its “areas of oversight” extending to the United Arab Emirates’ ports, eliciting a rebuke from a senior Emirati official. Iran
US extends Russian oil sanctions waiver as Iran war squeezes supply The waiver temporarily lifts sanctions on Russian oil for 30 days. Iran
Analysis Pakistan’s six corridors offer Iran a trade lifeline, could outlast Hormuz crisis By Sabena Siddiqui In Karachi, reporting on South Asia, Middle East, Iran
UAE to fast-track construction of second oil pipeline, bypassing Hormuz: What to know United Arab Emirates
New Turkey maritime draft bill fuels EastMed tensions with Greece, Cyprus Turkey’s draft maritime bill seeks to formalize Ankara’s claims in the Aegean, Eastern Mediterranean and Black seas, raising tensions with Greece and Cyprus over contested maritime boundaries and offshore energy rights. Turkey
Syria restores Raqqa oil field in former ISIS stronghold: What to know Before Syria's civil war erupted in 2011, national oil production stood at between 400,000 and 500,00 barrels per day before falling to under 100,000 bpd during the conflict. Syria
US hits China-linked Iran oil trade with sanctions ahead of Trump trip The sanctions come after the United States rejected Iran's latest proposal to end the war. Iran
Aramco profits jump 26% as Hormuz disruption chokes supply Aramco CEO Amin Nasser said the market has already lost around 1 billion barrels of oil supply since the US-Israel-Iran war erupted on Feb. 28. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
China’s overland trade routes offer Iran wartime economic lifeline: What to know Cargo rail traffic between China and Iran has reportedly surged since the US blockade began in April as Tehran seeks overland trade alternatives to help buy time. Iran
Egypt ramps up energy investments amid war-driven price pressures Prime Minister Mostafa Madbouly said Wednesday that Egypt has secured commitments exceeding $19 billion from international oil companies over the next three years. Egypt
EU says energy costs tied to Hormuz crisis have surged past $35B Global energy price increases tied to the Hormuz disruption are driving higher import costs in Europe, despite limited reliance on gas flowing through the strait. Iran
Few ships pass Hormuz despite US efforts to break Iran's hold Only four commercial vessels had transited the strait in the 24 hours before Tuesday morning, according to ship-tracking data. Iran
Pentagon says Iran ceasefire continues despite UAE attack "We expected there would be some churn at the beginning," Defense Secretary Pete Hegseth said of the US Navy-led operation to open the Strait of Hormuz to commercial shipping. Iran
Analysis US banking on Iraqi turnaround with nomination of Zaidi as new PM Trump signals hope for a "tremendous new chapter” in US-Iraq ties with the nomination of Ali Al-Zaidi as prime minister. By Week in Review
Oil surges past $120 to war-time high as Trump rejects Iran overture Benchmark Brent crude surpassed $120 per barrel on Wednesday, reaching the highest levels yet seen during the US-Israel-Iran war. Iran
Turkey advances gas pipeline plan to northern Cyprus as East Med rivalry grows The Turkish energy minister said the country's oil and natural gas pipeline operator, BOTAS, has started the engineering work for the pipeline. Turkey
