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Keywords: Energy markets
Iran has threatened to initiate legal proceedings against South Korean shipping company Sinokor, accusing vessels linked to the operator of repeatedly violating navigation rules in the strategically important Strait of Hormuz. The warning signals a further tightening of Tehran's efforts to regulate......
US Energy Secretary Chris Wright has said that oil flows from the Gulf region have recovered to approximately 80% of their pre-war levels. Speaking to Fox News, Wright described the progress in restoring energy supplies amid ongoing concerns about disruptions to regional shipping and their impact on......
European natural gas prices climbed further on Friday, reaching levels not seen since December 2022, as below-average storage reserves and disruptions to Middle Eastern supplies heightened concerns over the continent’s ability to meet winter demand. Oil prices, meanwhile, remained elevated but......
The United States is reportedly considering a plan to return certain oil tankers affected by sanctions to international commercial operations, including vessels linked to Russia. According to the Financial Times, the proposal under discussion by the administration of President Donald Trump could allow......
The United Nations Food and Agriculture Organization (FAO) has warned that disruptions to shipping through the Strait of Hormuz, combined with the effects of the El Niño climate phenomenon, could intensify risks facing global agriculture and food security. The two pressures may reinforce each......
The International Monetary Fund (IMF) has warned that the continuation of the war in the Middle East poses a major threat to economic stability across the region and Central Asia, with disruptions to energy production, shipping routes and critical infrastructure weighing on growth prospects. The scale......
At least 10 vessels have reportedly come under attack in or near the Strait of Hormuz since Sunday, marking the highest concentration of incidents since the outbreak of the war involving the United States, Israel and Iran. The attacks have raised fresh concerns about the safety of commercial shipping......
Italian Prime Minister Giorgia Meloni has criticised a reported diesel supply agreement between the United States and Russia, warning that the arrangement could carry significant risks and weaken the impact of international sanctions imposed on Moscow. Speaking on Wednesday, Meloni described the deal......
European natural gas prices rose above $1,000 per 1,000 cubic metres on Tuesday, approaching their highest levels since late 2022 as geopolitical tensions in the Middle East continued to unsettle energy markets. By 3:40 p.m. Moscow time, gas futures on the Dutch Title Transfer Facility (TTF), Europe’s......