Oil
Iraq struggles to pay public salaries as Strait of Hormuz crisis deepens
Iraq’s oil exports plunged from 100 million barrels in February to around 32 million in May and June, according to figures shown to The National by the country’s Oil Ministry.
Iraq delays July public salaries as Strait of Hormuz blockade guts oil revenue
Gulf shipping traffic steady amid uncertainty of peace talks, eight ships transit Strait of Hormuz
Trump’s Syria-Iraq pipeline plan aims to weaken Iran’s leverage - opinion
Cuba suffers islandwide power grid collapse as US oil blockade deepens energy crisis
The outage follows three nationwide blackouts in July and comes as a US-imposed oil blockade further strains the island's aging energy infrastructure.
Climate change made 'fire-prone' weather conditions more likely in Spain and France, scientists say
Ongoing wildfires in Spain and France have forced hundreds of thousands of people to evacuate and scorched huge swathes of land.
Oman proposes Hormuz management system with voluntary fees, source says
Iran has said the strait cannot go back to its pre-war status where shipping flowed freely, while Gulf states insist there be no mandatory payment of fees to Iran.
Oil tanker explodes after hitting naval mine in Strait of Hormuz, IRGC-linked media claims - report
There was no immediate official statement from Iranian authorities regarding the incident.
Some $18 billion of Iranian oil sold since outbreak of war, over half of annual budget
The sales generated more than 60% of the oil revenue forecast in Iran's annual budget, Iranian Oil Minister Paknejad said.
Hormuz tanker crossings slip to lowest in more than two months, data shows
One tanker crossed the Strait of Hormuz on July 23, compared with three the day earlier, data from analytics firm Kpler showed, as ships are being rerouted to paths that take significantly longer.
Oil settles over $100 as Houthi attacks intensify Middle East supply risks
Oil prices rose above $100 for the first time since May after Yemen's Iran-backed Houthis opened a new front in the Iran war by targeting Saudi vessels in the Bab el-Mandeb Strait.
Iran's threat to halt oil exports across the Gulf a 'dangerous escalation,' analyst warns
A Bahraini analyst warned that Tehran’s threat against regional infrastructure erases the line between US targets and Gulf economies, even if Iran may be attempting to project strength.
Two Dynacom Tankers vessels attacked off Oman amid escalating US-Iran hostilities
The crew members of both vessels were safely located by Oman authorities and transferred to shore, Dynacom said, adding that it was in close contact with all relevant regional authorities.
Iran used brief US truce to build $6 billion oil buffer - report
Tehran rushed 70 million barrels toward China during a month-long pause in the US blockade, securing up to $6 billion before renewed strikes.
