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Oil chiefs demand Trump to reject Iran’s toll on Hormuz
Ziggy Ojiegbe Senior oil industry executives have reportedly urged the administration of Donald Trump to oppose Iran’s proposal to impose tolls on vessels passing through the Strait of Hormuz, a critical global energy corridor. According to U.S. media reports, executives…
IEA demands lasting Iran war deal to stabilize oil market
Head of the International Energy Agency (IEA), Fatih Birol, has warned that a lasting agreement between the United States and Iran is essential to stabilize global energy supplies, as uncertainty lingers despite a temporary ceasefire. He said the recently announced…
Iran tightens grip on Hormuz, threatens vessels amid ceasefire
Tensions in the Gulf have escalated sharply as Iran moves to tighten control over the Strait of Hormuz, raising fresh concerns about global energy supplies despite a fragile ceasefire with the United States. Reports from semi-official Iranian outlets, including Islamic…
Russia, China veto UN resolution on reopening Strait of Hormuz
Ziggy Ojiegbe Despite the biting global fuel supply squeeze, Russia and China vetoed a United Nations Security Council resolution aimed at reopening the Strait of Hormuz, a critical maritime chokepoint that carries about a fifth of the world’s oil. Oracle…
Iran chases back Qatar’s LNG vessels from Strait of Hormuz
Ziggy Ojiegbe Tensions in the Persian Gulf are beginning to disrupt global energy flows, as Iran tightens its grip on key shipping routes. Two liquefied natural gas carriers — the Al Daayen and Rasheeda — have turned back toward Qatar…
OPEC+ considers output boost as Hormuz impasse traps market supply
Sopuruchi Onwuka, with agency reports Organization of Petroleum Exporting Countries and its non-member allies (OPEC+) are expected to weigh another modest increase in oil production this weekend, even as the ongoing U.S.-Israeli war with Iran keeps the Strait of Hormuz…
