Topic
globalenergymarkets
2 stories, newest first.
Business & Economy · Middle EastUS military opens shipping corridor in Strait of Hormuz carrying 10 million barrels of oil daily
The US military has established a nightly shipping corridor in the Strait of Hormuz, allowing 15 to 20 tankers to transport about 10 million barrels of oil daily. The operation, running for several weeks, avoids Iranian-controlled areas and has guided over 1,000 vessels since May, according to US officials.
Middle East5 min readTrust 78 · Craft 65 · Hype 35
Conflict & Security · Middle EastUS intelligence says Iran shifted focus from nuclear programme to Strait of Hormuz
A US military intelligence assessment concludes Iran has moved its strategic priority from its nuclear programme to the Strait of Hormuz, a key oil and gas shipping route. Outlets diverge on whether the shift signals military escalation or economic pressure as the main US response.
Middle East4 min readTrust 41 · Craft 77 · Hype 15