For more than four decades, the Strait of Hormuz has been the petroleum industry’s most consequential maritime pressure point: a narrow passage that has absorbed […]
Tag: Oil
Qatar LNG Crisis Deepens: Force Majeure Extended to December as European Gas Prices Climb
The world’s second-largest LNG exporter is losing billions, and the ripple effects are heading for your energy bill. QatarEnergy has extended its force majeure on […]
Iran Today: War Pressures, Regional Diplomacy, and New Economic Fault Lines
Iran enters the week under mounting strain, juggling stalled talks with the United States, fresh sanctions, and a volatile standoff in the Strait of Hormuz that has nearly frozen global oil shipments. President Masoud Pezeshkian is defending the U.S. memorandum as Iran’s best path out of deadlock, while Tehran warns Gulf states against backing Washington’s pressure campaign. With Pakistan stepping in as mediator and domestic hardship deepening, the coming days could shape whether the crisis escalates or edges toward negotiation.