Oil

Iran's president says Tehran to resist until 'aggressors are regretful' • IDF, Border Police continue operations in West Bank • Hormuz shipping traffic dips as Gulf energy infrastructure is vulnerable

According to recent US government estimates, roughly 15 million barrels of Gulf oil are now leaving the region each day through the strait and alternative export routes.

Vance criticized European allies over Iran’s attacks on shipping and defended US efforts to keep energy markets supplied through the Strait of Hormuz.

Former NSC chief Jacob Nagel said six to nine months of economic pressure could push Iranians back into the streets, while warning Tehran still has the ability to retaliate.

Pickaxe Mountain, located ​near Iran's heavily damaged Natanz uranium enrichment facility, is ​a heavily fortified site that hosts two deeply buried tunnel complexes.

The Youths and Environmental Advocacy Centre said the incident happened at around midnight on Thursday at Okrika in Rivers State. Police said the victims died while attempting to steal crude oil.

US officials said 40 vessels carrying millions of barrels of oil crossed the Strait on September 1, while 17 million barrels transited the waterway on August 31, the highest since the war began.

Syria is positioning itself as a potential energy corridor to the Mediterranean, with new deals involving gas fields and growing cooperation between international energy firms and Iraq’s oil sector.

"We'll swap you a barrel of heavy crude for a barrel of light or medium United States crude," Wright said during an interview on CNBC, calling oil markets fluid.

Also on Wednesday, Iran's Islamic Revolutionary Guards Corps (IRGC) said that two oil tankers hit sea mines and were disabled while attempting to transit the Strait of Hormuz.