الوسم: Oil

Shipping Traffic Through Hormuz Remains Mostly Halted

Shipping activity in the Strait of Hormuz largely paused on Tuesday, with only three vessels passing through in the last 24 hours according to shipping data. A U.S. blockade of Iranian ports has angered Tehran, leading it to impose its own restrictions on the strait, which has historically transported around 20% of the world’s oil and liquefied natural gas.

The Ean Spir oil tanker, whose flag and ownership remain unknown, transited the strait on Tuesday after stopping at an Iraqi port, as shown by MarineTraffic tracking data. Similarly, the Lian Star cargo vessel, also without known flag or ownership, sailed through from an Iranian port. Additionally, the Meda liquefied petroleum gas tanker, which previously called at a UAE port and also lacks transparent ownership, attempted to exit the Gulf again on Monday after turning back, based on satellite data from SynMax.

This volume represents only a tiny fraction of the approximately 140 ships that usually pass through daily before the escalation of U.S. and Israeli actions against Iran began on February 28. After Iran briefly announced reopening the strait last Friday, more than a dozen tankers moved through, only for Tehran to declare it closed again on Saturday amid reports of shots fired at vessels.

A shipping broker, BRS, noted this week that even vessels that appear compliant with transit requirements can find themselves in danger and be prevented from passing.

Tensions heightened Tuesday, risking a collapse of the US-Iran ceasefire, as Tehran refused to commit to new peace negotiations, and the U.S. military announced the seizure of a tanker linked to Iran in international waters.

Meanwhile, hundreds of ships and about 20,000 crew members are stranded in the Gulf, unable to sail. Arsenio Dominguez, the UN shipping agency’s secretary-general, told reporters at Singapore’s maritime week, “We cannot risk the lives of seafarers.” He added that last weekend, when some ships attempted to sail amidst the chaos, some were targeted, but fortunately, no casualties or vessel damage occurred.

Iran’s military claimed that an Iranian tanker entered its territorial waters from the Arabian Sea on Monday, with assistance from navy forces, despite US warnings and threats. BRS estimates that currently, 61 supertankers unrelated to Iran are trapped within the Gulf, 50 of which carry up to 2 million barrels of oil each.

In times when global oil demand is high, releasing even an additional 2 million barrels from the Middle East Gulf would be highly welcomed.

أبريل 21, 2026
US Energy Chief: Gas Prices May Stay Above $3 Until Next Year

Chris Wright believes that gas prices have reached their peak in the United States, although he expects they may stay above $3 a gallon until next year. Recently, gasoline prices have climbed amid the ongoing conflict between the U.S. and Israel’s war on Iran, as well as Iranian attacks on U.S. military bases in the Gulf region, posing political challenges for President Donald Trump as the midterm elections approach.

Wright told CNN’s “State of the Union” that while prices below $3 a gallon could happen later this year or possibly next year, he’s confident they’ve already peaked and will begin to decline. He added, “Certainly, with the resolution of this conflict, you’ll see prices go down.”

Different officials from the Trump administration have offered varying estimates on when gas prices might improve. Treasury Secretary Scott Bessent predicted last week that prices could drop to around $3 per gallon during the summer, but Wright outlined a longer timeline for reaching that level, implying it may take more time.

Trump has publicly suggested that gas prices could remain high until November. Nevertheless, all parties agree that once the Iran-related conflict ends, gasoline prices should become more affordable. Wright mentioned that getting below $3 a gallon would be a significant achievement, especially considering inflation, and affirmed, “We’ll get back there for sure.”

As of Sunday, the national average for regular gasoline was $4.05 per gallon, according to AAA, compared to $3.16 a year ago. Despite an agreement on April 8 for a 10-day ceasefire between the U.S. and Iran, Trump accused Iran of violating the truce with attacks on ships in the Strait of Hormuz over the weekend. Meanwhile, U.S. officials are scheduled to arrive in Pakistan on Monday for further negotiations, as Trump indicated on social media, stating that if Iran rejects a “very fair and reasonable deal,” the U.S. might escalate military action by targeting Iran’s power plants and bridges.

أبريل 19, 2026
Scientists Discover Method to Reduce Fat in French Fries

French fries are among the most beloved foods worldwide, cherished for their crispy exterior and tender inside. Yet, they often contain a high amount of fat because they soak up oil during frying. Excessive consumption of fried foods has been associated with health issues like obesity and hypertension, prompting researchers to seek healthier alternatives.

A recent study from the University of Illinois Urbana-Champaign proposes a potential solution. The scientists discovered a method to minimize oil uptake during frying while maintaining the fries’ flavor and texture. The technique involves combining traditional frying with microwave heating.

Understanding why this approach works requires a look at what happens during frying. When potatoes hit hot oil, the water inside them starts to evaporate. As the water escapes, tiny voids form within the potato. Oil then fills these spaces, which explains why fried foods are typically high in fat.

Led by Professor Pawan Singh Takhar, the research team aimed to reduce this oil absorption. They explored using microwaves, which heat food differently than conventional methods. Unlike traditional frying that heats from the outside inward, microwaves penetrate the food, heating it from the inside out. This creates internal pressure, which can help push oil away and reduce how much is absorbed.

Their experiments revealed several advantages of incorporating microwave heating during frying. The outcome was fries with less oil content, faster cooking times, and quicker moisture loss—all promising for creating a lower-calorie snack while maintaining efficiency.

However, the researchers found that microwaves alone weren’t sufficient. Fries cooked exclusively with microwaves tended to be soggy and lacked the crispy texture that consumers love. This underscored the importance of traditional frying for achieving the perfect crunch.

To address this, they combined both techniques. The traditional frying process created a crispy outer shell, while microwave heating minimized internal oil absorption. This synergy resulted in fries that are both crispy and healthier.

Implementing this method could offer notable health advantages. Since fried foods are widely consumed, even a slight reduction in oil content over time could have significant health benefits, potentially lowering the risk of diet-related illnesses.

The team also highlighted the possibility of adapting their method for large-scale food production. Microwave systems could be added to existing frying equipment, making it easier for the food industry to adopt these innovations.

While the findings are encouraging, they are still preliminary. The experiments were conducted under controlled conditions, so more research is needed to determine how the technique performs on a commercial scale—considering factors like cost, consistency, and consumer acceptance.

Overall, the study presents an innovative approach to a common challenge. By understanding the physical processes involved in frying, scientists can develop methods to make favorite foods healthier. If widely adopted, this technique might allow people to enjoy their favorite fried foods with fewer health concerns.

For those interested in nutrition, exploring studies about berries and their role in preventing cancer, diabetes, and obesity, as well as understanding the risks of vitamin D deficiency, can be valuable.

Additional recent research sheds light on the relationship between potatoes and high blood pressure and explains why turmeric is considered a powerful health supplement.

Source: University of Illinois Urbana-Champaign.

أبريل 18, 2026
50-Day Iran War Drains $50B Oil Reserve
Over the past 50 days, the Iran conflict has caused a global loss exceeding $50 billion in unproduced crude oil, with the repercussions expected to persist for months or even years. Analysts and Reuters estimates highlight these economic impacts.

Iranian Foreign Minister Abbas Araghchi announced on Friday that the Strait of Hormuz has reopened following a ceasefire agreement reached in Lebanon, while U.S. President Donald Trump expressed optimism about a potential deal to end the Iran conflict soon, though no specific timeline has been specified.

Since the crisis erupted in late February, over 500 million barrels of crude oil and condensate have been removed from the international market—a disruption unmatched in recent history.

To put this into perspective, losing 500 million barrels of oil is equivalent to:
- Cutting global air travel demand for ten weeks,
- Ceasing all road vehicle travel worldwide for eleven days,
- Or depriving the global economy of oil for five days.
In the United States, this equates to nearly a month of national oil demand, with Europe experiencing over a month’s worth of oil consumption lost, according to Reuters. It also represents enough fuel to sustain the U.S. military’s operations for about six years based on its annual usage of approximately 80 million barrels. Additionally, this volume could power the world’s international shipping industry for around four months.

Key facts include:
- Gulf Arab nations reduced crude output by roughly 8 million barrels per day in March, a figure comparable to the combined production of ExxonMobil and Chevron, two leading oil companies.
- Exported jet fuel from major Gulf countries, including Saudi Arabia, Qatar, UAE, Kuwait, Bahrain, and Oman, dropped sharply from approximately 19.6 million barrels in February to just 4.1 million barrels in March and April combined. This reduction could fuel approximately 20,000 round-trip flights between New York’s JFK and London’s Heathrow.
- With oil prices averaging around $100 per barrel since the conflict’s start, this shortfall translates to around $50 billion in lost revenue, according to Johannes Rauball, senior crude analyst at Kpler. This loss corresponds to a 1% decrease in Germany’s annual GDP or roughly the entire GDP of small nations like Latvia or Estonia.
Recovery outlook:
Although Iran’s Foreign Minister indicated the Strait is open, restoring output and flow remains a slow process. April’s global onshore crude inventories have decreased by about 45 million barrels, and production interruptions since late March have reached around 12 million barrels per day.

Fields in Kuwait and Iraq, particularly in heavier crude zones, may take four to five months to regain their normal output levels, extending stock depletion through summer. Damage to refining facilities and Qatar’s Ras Laffan LNG complex could mean regional energy infrastructure restoration may take several years.
أبريل 18, 2026
IEA: MidEast Energy Output to Recover in Two Years

A recent Iranian drone strike at the Ras Tanura oil refinery operated by Saudi Aramco caused significant smoke to billow into the sky, amid tensions involving the U.S. and Israel concerning Iran in Ras Tanura, Saudi Arabia, on March 2, 2026. — Reuters

According to Fatih Birol, the Executive Director of the International Energy Agency, it will take approximately two years to recover the lost energy production in the Middle East resulting from the ongoing conflict. In an interview with the Swiss newspaper Neue Zürcher Zeitung, he explained, “The timeline will differ across nations; Iraq, for example, might face a much longer recovery period than Saudi Arabia. Overall, we forecast it will take around two years to return to pre-war levels.”

Birol also warned that the market is underestimating the impact of a prolonged closure of the Strait of Hormuz. He noted that oil and gas shipments already en route before Iran’s conflict had arrived, somewhat reducing the immediate shortages. However, he emphasized that no new tankers loaded in March, and there have been no fresh deliveries of oil, gas, or fuels to Asian markets, creating an apparent gap. If the Strait remains closed, consumers should brace for substantially higher energy prices.

When asked if the IEA might release additional emergency oil reserves following its March actions, Birol said the agency is prepared to act swiftly and decisively if necessary. “Although we aren’t there yet, it’s definitely being considered,” he added.

أبريل 17, 2026
Trump warns oil and gas prices could stay high through November elections
- Trump declares a naval blockade of the Strait of Hormuz.
- A Democratic senator criticizes the U.S. president’s current approach.
- Since initiating conflict with Iran, Trump’s approval ratings have declined.
On Sunday, President Donald Trump indicated that fuel prices, including oil and gasoline, are likely to stay high until after the November midterm elections. This acknowledgment is uncommon and suggests the potential political consequences of his recent decision to strike Iran six weeks prior.

When asked during an interview on Fox News’s “Sunday Morning Futures with Maria Bartiromo” if fuel prices would decrease by the fall, Trump replied, “It could stay the same, or maybe even get a little higher, but mostly it should be about the same.”

Data from GasBuddy shows that regular gasoline at U.S. service stations has topped $4 per gallon for much of April. Trump’s comments follow weeks of insisting that the price surge is temporary, though his top advisors are aware of the economic impacts of the ongoing conflict.

Earlier Sunday, Trump announced on social media that the U.S. Navy would impose a blockade of the Strait of Hormuz, targeting any ships paying tolls to Iran. This move comes after prolonged talks between the U.S. and Iran in Pakistan failed to produce a peace agreement.

“No one paying an illegal toll will be allowed safe passage on the high seas,” he posted on Truth Social.

Any U.S. blockade complicates efforts to resolve the crisis, which is currently under a fragile two-week ceasefire. This tactical shift responds to Iran’s own restrictions on critical shipping lanes, which have caused global oil prices to jump roughly 50%.

Unpopular Conflict and Its Impact on Trump’s Support

The conflict with Iran, initiated on February 28 through coordinated U.S. and Israeli airstrikes, has escalated as Iran and its allies launched attacks on neighboring nations, with Israel targeting Hezbollah in Lebanon.

The war has shaken global markets and resulted in thousands of civilian casualties, primarily in Iran and Lebanon.

Back home, Trump’s approval ratings have taken a hit, with many Americans unhappy about rising fuel costs and the ongoing hostilities. This decline has fueled fears among Republicans that the party might lose control of Congress in the upcoming midterms. A Democratic majority could investigate the Trump administration and prevent much of his legislative agenda from advancing.

Senator Mark Warner from Virginia, the top Democrat on the Senate Intelligence Committee, expressed skepticism about Trump’s proposed blockade strategy.

“I don’t see how blockading the strait will pressure Iran to open it,” Warner said on CNN’s “State of the Union.”

On CBS’s “Face the Nation,” Warner added, “Iran could still mine the strait or deploy bombs against ships, so how exactly will this lower gas prices?”

While Trump has claimed the conflict would end soon, Senator Ron Johnson of Wisconsin told ABC’s “This Week” that achieving U.S. objectives could be a lengthy process.

“It’s going to be a long-term effort,” Johnson said. “I never expected this to be a quick or easy fix.”
أبريل 12, 2026
Possible Outcomes of Trump’s Threat to Iran’s Kharg Island

A small, barren island in the Gulf, roughly a third the size of Manhattan, Kharg Island is the hub of Iran’s oil industry—and now, the focus of ongoing U.S. pressure against Tehran. Recently, President Donald Trump publicly indicated that if Iran fails to reach an agreement to end the conflict, the U.S. could potentially erase the island’s significance altogether. Additionally, he mentioned that capturing the island would be “very easy,” especially given plans for possible ground operations.

Despite its modest size, Kharg is responsible for about 90% of Iran’s crude oil exports, according to JP Morgan. Situated in the northern Gulf, roughly 30 kilometers (20 miles) from Iran’s coast and over 500 kilometers from the Strait of Hormuz, the island hosts Iran’s largest oil terminal, pipelines, storage tanks, and military facilities. Some of these military installations have already been targeted by Israeli and U.S. strikes. On March 13, U.S. forces carried out a large-scale precision attack on Kharg, destroying naval mine storage sites, missile bunkers, and other military targets, while leaving the oil infrastructure largely intact. Reliable sources say Iran has bolstered its forces nearby, deploying additional troops, surface-to-air missiles, and mines.

The United States considers several options to seize Kharg, including airborne assaults, amphibious landings, or a combination of both. Currently, the Pentagon is moving paratroopers and Marines into the region, with military analysts suggesting that a small force—perhaps 800 to 1,000 Marines—could be enough to take the island. However, holding Kharg is a different challenge altogether. Experts warn that Iran’s missile and drone capabilities near Bushehr—an important military hub only 60 kilometers away—would make it difficult to maintain control over the island once captured.

President Trump’s true aim with these actions remains unclear. The main goals could range from forcing Iran to reopen shipping lanes in the Strait of Hormuz, to regime change, or to extracting concessions on Iran’s nuclear and missile programs. While capturing Kharg might give Washington leverage to press Iran into negotiations, it’s unlikely to reopen the Strait easily, given Iran’s control over other strategic islands in the area.

If Iran refuses to yield, the U.S. faces tough questions. Would a full-scale assault on Kharg lead to a broader conflict? Could retaliatory measures from Iran escalate, perhaps by shutting down the Strait of Hormuz altogether? Experts warn that trying to demolish Iran’s economic facilities on Kharg or other strategic points could backfire, causing even higher oil prices and prolonged disruptions to regional shipping routes—outcomes that would destabilize global markets and deepen tensions in the Gulf region.

مارس 30, 2026
Tehran Threatens Gulf Oil Targets After Israeli Strikes on Iran

A drone shot captures the Portuguese-flagged oil and chemical tanker CB Pacific docked at Moran Shipping Agencies’ Citgo Petroleum Quincy/Braintree Terminal. This facility manages home heating oil, gasoline, and diesel. The ship had just arrived from Quebec, Canada, to Braintree, Massachusetts, on March 18, 2026, according to Reuters.

– Qatar condemns both Israel and Iran, expelling Iranian diplomats.
– South Pars is a shared natural gas field—the largest in the world—situated between Iran and Qatar.
– Over 3,000 deaths in Iran, with hundreds more killed across the Gulf region to date.

Iran blamed Israel for striking its facilities at South Pars on Wednesday, marking a significant escalation in the ongoing US-Israeli conflict that caused oil prices to jump sharply. Iran responded by pledging to attack oil and gas installations throughout the Gulf, launching missiles at Qatar and Saudi Arabia.

Qatar’s national oil company, QatarEnergy, reported extensive damage after Iranian missiles struck Ras Laffan Industrial City, a key energy hub. Saudi Arabia intercepted and destroyed four ballistic missiles aimed at Riyadh on Wednesday, along with an attempted drone attack targeting an eastern gas facility.

South Pars is Iran’s sector of the world’s largest natural gas deposit, shared with Qatar, a close US ally, across the Gulf. Qatar’s foreign ministry condemned Israel’s “dangerous and irresponsible” attack on Iran’s facilities and accused Iran of a blatant breach of international law, expelling two senior Iranian diplomats.

This escalation is part of the broader upheaval affecting global energy supplies, raising political tensions for President Donald Trump, who has supported Israel’s recent strikes against Iran. US diesel prices have surged past $5 a gallon, the highest since the inflation spike of 2022 that hurt support for Biden.

The conflict has rapidly spread to neighboring countries, halting shipping from the region—one of the world’s most critical energy producers—and threatening long-term damage to infrastructure. Brent crude oil prices jumped roughly 5%, topping $108, while stock markets declined.

In Washington, intelligence boss Tulsi Gabbard briefed Congress, stating Iran’s government has been weakened since the war’s February 28 start but remains capable of launching attacks on US military bases and other regional interests.

US producer prices had the largest February jump in seven months, driven by rising costs for services and goods, likely to accelerate as oil prices remain high.

Though Israel hasn’t officially claimed responsibility for the South Pars attack, reports from the Wall Street Journal, citing unnamed US officials, suggest President Trump was aware and supported Israel’s plans.

Iran’s Fars news agency reported damage to gas tanks and parts of a refinery, with workers evacuated, and the fire brought under control. Iran identified multiple regional energy facilities—such as Saudi Arabia’s Samref Refinery and Jubail Complex, the UAE’s Al Hosn Gas Field, and Qatar’s Mesaieed Petrochemical Complex—as “direct and legitimate targets” to be evacuated promptly before Iranian missiles arrive. Historically, the US and Israel have avoided targeting energy infrastructure, respecting international law against attacking civilian energy assets.

European leaders, including President Emmanuel Macron, have called for a pause on strikes targeting civilian infrastructure, especially water and energy facilities. Despite Iran’s shutdown of the Strait of Hormuz—through which 20% of global oil and LNG passes—consuming countries expect the disruption to be temporary if critical infrastructure remains unscathed.

European Union foreign policy chief Kaja Kallas emphasized the importance of safe passage through the Strait, advocating for diplomatic solutions.

Regional violence extends further: Israel struck central Beirut, leveling apartment buildings amid tense airstrikes unseen in decades. Israel also killed Iran’s intelligence minister, Esmail Khatib, following the earlier assassination of security chief Ali Larijani. Defense Minister Israel Katz declared that no Iranian official is safe, emphasizing that “everyone is in the crosshairs.”

Prime Minister Benjamin Netanyahu authorized the military to target Iranian officials whenever opportunities arise, without needing further approval. Thousands gathered in Tehran for Larijani’s funeral, mourning the slain figures. Iran retaliated with cluster missile attacks on Israel—more difficult to intercept—which resulted in at least 15 Israeli casualties, including a foreign national killed in Adanim after an Iranian missile strike. Additionally, three Palestinian women were killed in the West Bank in what the Palestinian Red Crescent identified as Iran’s missile attack.

In Beirut’s Bachoura district, Israel warned residents early Wednesday to evacuate a building used by Hezbollah, which was subsequently destroyed during intense airstrikes. Local resident Abu Khalil told Reuters he helped residents flee, criticizing the strikes as actions meant to terrorize.

Since the conflict’s escalation, over 3,000 people have reportedly died in Iran, according to the Iran Human Rights Group HRANA. Lebanon reports nearly 900 deaths, with 800,000 displaced from their homes. Attacks across Iraq and the Gulf States have also taken lives, including at least 13 US service members.

مارس 19, 2026
Trump calls on nations to send ships for Hormuz security
US President Donald Trump addresses the media prior to boarding Air Force One bound for Florida, at Joint Base Andrews, Maryland, on March 13, 2026. — Reuters
- The US threatens to repeatedly bomb the shoreline and destroy Iranian boats.
- Trump indicates that international partners including China, the UK, and Japan could join in the effort.
On Saturday, President Donald Trump urged other countries to send naval ships to help secure the Strait of Hormuz, a vital chokepoint for the world’s oil supply, which has been disrupted by conflict in the Middle East.

Trump, who announced that the U.S. will soon escort tankers through the strait, posted on Truth Social that “Many nations, especially those impacted by Iran’s efforts to close the Hormuz Strait, will be dispatching warships alongside the United States to keep the channel open and protected.”

He further added: “I hope China, France, Japan, South Korea, the UK, and others affected by this artificial blockade will send ships to this area.”

— Truth Social/@realDonaldTrump

Iranian strikes have nearly halted maritime traffic through the strait, which normally sees a fifth of the world’s crude oil and natural gas pass via its waters. The narrowest point of the strait measures just 34 miles (54 kilometers).

With oil prices rising sharply, Trump was asked on Friday when the U.S. Navy would start escorting oil tankers through the Hormuz Strait. His response: “It will happen soon, very soon.”

In his Saturday post, Trump claimed that Iran’s military capabilities had been completely neutralized, but acknowledged that they can still pose a threat by sending drones, planting mines, or launching missiles in the waterway.

“We’ve already destroyed 100% of Iran’s military capabilities, but they can still easily send a drone, drop a mine, or launch a missile in or near this waterway — no matter how badly they are degraded,” he wrote.

As he called on nations to send ships to the Strait, he vowed: “The United States will be bombing Iran’s shoreline and actively engaging Iranian vessels. One way or another, we will soon reopen, secure, and free the Strait of Hormuz!”
مارس 14, 2026
Five Ships Attacked in Gulf and Hormuz Strait Amid Rising Maritime Conflicts

A Thailand-flagged cargo ship, Mayuree Naree, was engulfed in black smoke in the Strait of Hormuz on March 11, 2026.— Reuters

– Iranian armed boats attacked two tankers in Iraqi waters.
– A Thailand-flagged bulk carrier was damaged off the coast of Oman.
– Most crew members have been evacuated; three are missing.

Iranian boats reportedly launched explosives at two fuel tankers in Iraqi waters, igniting fires and resulting in one crew member’s death on Wednesday. The attacks, which involved projectiles hitting three vessels in the Gulf, indicate a rise in hostilities between Iran and US-Israeli forces, bringing the total number of targeted ships in the region to at least 16 since fighting escalated.

Shipping traffic in the Gulf and through the narrow Strait of Hormuz—responsible for about 20% of the world’s oil—has nearly halted since the U.S. and Israel initiated strikes against Iran on February 28, driving global oil prices to their highest point since 2022.

The ships targeted in late-night attacks near Iraq include the Marshall Islands-flagged Safesea Vishnu and Zefyros, both of which had loaded fuel cargoes in Iraq, according to Iraqi port officials. “We recovered the body of a foreign crew member from the water,” said one security official. Iraqi rescue teams are still searching for other missing crew members, though it’s unclear which ship the body belonged to.

Safesea Transport Group and Safesea Group, the U.S.-based operators of Safesea Vishnu, did not respond immediately to inquiries. Zefyros is flagged in Malta, and its crew list was provided by an Iraqi port source. Lloyd’s List Intelligence confirms that Zefyros Trading SA owns the vessel, with UK-based Cygnus Tankers Limited serving as the commercial operator and the George & Vassilis Michael family group of Greek shipowners as the beneficial owner. Cygnus Tankers did not comment, nor could the other parties be reached right away.

Iran’s Revolutionary Guards have issued warnings that any vessel crossing the Strait of Hormuz may be targeted. U.S. President Donald Trump has threatened to escalate attacks on Iran if it continues to impede the strait.

Earlier on Wednesday, the Thai-flagged dry bulk vessel Mayuree Naree was hit by two unidentified projectiles in the strait, igniting a fire and damaging its engine room. The Thai operator, Precious Shipping, reported three crew members missing, presumed trapped in the engine room. The remaining 20 crew members were safely evacuated to Oman. Images from the Thai navy show thick smoke billowing from the ship’s stern.

The Guards claimed the vessel was “fired upon by Iranian fighters,” marking what appears to be their first direct engagement, although previously they have used missiles and drones.

The U.S. Navy has declined daily requests from shippers for military escorts through the Strait of Hormuz since the conflict with Iran began, citing the high risk of attacks. President Trump has stated that the U.S. is prepared to provide escorts if needed.

Two other ships have sustained minor damage:
– The Japan-flagged container ship ONE Majesty was hit 25 nautical miles northwest of Ras Al Khaimah in the UAE, suffering minor hull damage above the waterline. Its crew is safe, and the vessel remains operational. Its owner, Mitsui OSK Lines, and the charterer, Ocean Network Express, are investigating the cause.
– A bulk carrier, Star Gwyneth, flagged in the Marshall Islands, was hit around 50 miles northwest of Dubai. The hull was damaged, but the crew was unharmed, and the vessel continued to operate after the incident.

The Iranian Guards also referenced another vessel hit by projectiles, likely drones, earlier that morning. Confirmation of this report remains pending.

مارس 12, 2026
Trump Launches US Refinery Under Historic India Deal

An oil refinery and storage site is shown along Buffalo Bayou, also known as the Houston Ship Channel, south of downtown Houston. — Reuters

– An Indian company plans to purchase the products produced by the new refinery.
– America First aims to begin construction in the second quarter of this year.
– Industry analysts remain skeptical about the necessity of building a new refinery on the Gulf Coast.

In a significant announcement, President Donald Trump revealed plans to build a refinery on the southern U.S. border, supported by India’s Reliance Industries, which operates the world’s largest refining complex.

Trump made the statement amid rising gasoline prices triggered by the ongoing conflict between the U.S., Israel, and Iran, and as both major political parties gear up for midterm elections that could influence congressional control during his remaining term.

“Thank you to our partners in India, and their largest privately owned energy company, Reliance, for this incredible investment,” Trump posted on Truth Social.

The proposed 168,000 barrels-per-day (bpd) refinery will be constructed at the Port of Brownsville and is expected to help reduce the U.S. trade deficit with India by approximately $300 billion, according to America First Refining.

Reliance did not respond to an email inquiry for comment.

“For the first time in 50 years, the U.S. will build a new refinery designed specifically for American shale oil,” said John V. Calce, chairman and founder of America First.

Many existing Gulf Coast refineries struggle to process light, sweet shale crude because they were designed decades ago for heavier, sour crude with higher sulfur content.

A major global oil company has committed a “nine-figure” investment valuation, with a plan to purchase the refinery’s output through a 20-year binding offtake agreement, which also aims to help reduce India’s trade surplus with the U.S., a concern frequently voiced by Trump.

America First plans to break ground in the second quarter.

Industry experts question the necessity of a new Gulf Coast refinery, considering that the region already hosts eight of the country’s ten largest refineries.

Refined Fuels Analytics Managing Director John Auers pointed out that initial proclamations of this nature tend to be overly ambitious.

Trump claims the new facility will supply U.S. markets, bolster national security, increase American energy production, generate significant economic benefits, and be the most environmentally friendly refinery worldwide.

However, Kloza Advisors Principal Analyst Tom Kloza noted that if Brownsville is indeed the construction site, it’s likely intended as an export refinery, given the limited local demand and lack of pipeline connections to distribute the product domestically.

U.S. refineries are key suppliers of motor fuel and heating oil to South America and benefit from lower natural gas, hydrogen, and domestic crude costs.

He added, “Let’s see how it develops. Reliance is a very successful company.”

Reliance’s Jamnagar complex in India, with a capacity of 1.4 million bpd, is the world’s largest refinery. With last year’s revenue reaching $125 billion, Reliance also operates in sectors like retail, renewable energy, digital services, media, and entertainment.

Since late 2025, two California refineries totaling 284,000 bpd in capacity have been shut down permanently due to statewide regulations targeting fossil fuel industries.

The average cost to build or expand a refinery in the past ten years has been roughly $40,000 per barrel of capacity, amounting to around $6.7 billion for a 168,000 bpd plant.

Data from the U.S. Energy Information Administration indicates that U.S. refining capacity totaled 18.4 million bpd at the end of 2024, with a gradual increase projected into the 2030s.

مارس 11, 2026
Trump warns of military action if Iran leaves mines in Strait
- The U.S. military has neutralized 16 Iranian vessels responsible for laying mines near the Strait of Hormuz, according to the Central Command. This action follows President Donald Trump’s urgent call for Iran to remove any mines they may have placed in the strait, a vital channel for global oil shipments. Trump previously claimed that 10 dormant Iranian mine-layer ships had been completely destroyed.
- In response to media reports suggesting Iran had begun deploying mines in the strategic waterway, Trump posted on Truth Social, “If Iran has put out any mines in the Hormuz Strait, and we have no reports of them doing so, we want them removed, IMMEDIATELY!” He warned that failure to comply would result in military consequences, without providing specifics. Trump also highlighted that the U.S. employs advanced technology used against drug traffickers to eliminate vessels attempting to mine the strait.
- Recent months have seen a series of U.S. strikes targeting vessels in the Caribbean and eastern Pacific, which the Pentagon asserts were involved in drug trafficking, resulting in numerous casualties. Earlier on Tuesday, the Pentagon announced strikes against Iranian vessels and storage sites linked to mine-laying activities.
- These developments have effectively halted oil shipments through the Strait of Hormuz, where approximately 20% of the world’s oil and natural gas currently passes, due to ongoing tensions with Iran. The U.S.-Israel conflict with Iran has escalated tensions, leading to disruptions in regional shipping routes.
- Additionally, the top U.S. military commander mentioned exploring options to potentially escort commercial ships through the strait if ordered, although the Navy has thus far declined frequent requests from shipping companies for military escorts. White House officials clarified that no oil tankers have yet been escorted through the strait, and a video claiming such an escort was successful was later deleted after being determined to be improperly captioned.
- Iran’s Revolutionary Guards dismissed any claims of oil vessel escorts, asserting that Iran’s missiles and drones would stop any movement by U.S. forces and their allies in the region. Comments from Iranian officials underscore the ongoing hostility and readiness to respond militarily to U.S. actions.
مارس 11, 2026
Qatar Energy Minister Warns War Could Halt Gulf Exports in Weeks

Qatar accounts for roughly 20% of the world’s LNG supply. If the conflict with Iran persists, the country’s Energy Minister Saad al-Kaabi warned the Financial Times on Friday that all Gulf energy exporters might have to suspend their shipments within a few weeks if oil prices reach $150 a barrel. Qatar halted its LNG production earlier this week as Iran intensified attacks on Gulf nations in response to Israeli and US strikes.

This LNG output from Qatar is a significant contributor to global supply and is crucial for meeting demand in both Asian and European markets. Kaabi indicated that most Gulf exporters are likely to declare force majeure soon if the situation continues. He warned that a prolonged conflict—lasting several weeks—could slow down global GDP growth and cause energy prices to spike across various industries, leading to shortages and chain reactions in manufacturing.

Even if the fighting ceases immediately, Qatar fears it will take weeks to months to resume normal delivery schedules. Experts have underscored the potential economic fallout worldwide.

Kaabi, who also heads Qatar Energy—the world’s largest LNG producer—mentioned that their North Field expansion project would face delays, potentially affecting planned production timelines slated for mid-2026. He estimates that crude oil prices could surge to $150 per barrel within two to three weeks if shipping lanes like the Strait of Hormuz become impassable, disrupting the main Middle Eastern oil export route connecting Gulf producers with the Gulf of Oman and the Arabian Sea. Gas prices are also expected to rise, possibly reaching $40 per million British thermal units.

مارس 6, 2026
UAE Declares No Use of Territory Against Iran

The United Arab Emirates announced that it will not permit its airspace or land to be utilized for any attacks against Iran. During a media briefing in Abu Dhabi on Tuesday, officials outlined various security, economic, and humanitarian measures. Reem Al Hashimy, Minister of State for International Cooperation, emphasized the country’s stance as clear and cautious. “The UAE will not allow its airspace or territory to be used in any assault on Iran,” she stated. She also mentioned that the UAE retains the right to defend its sovereignty and ensure the safety of its citizens, residents, and visitors.

Al Hashimy characterized Iran’s ballistic missile program as a regional threat and underscored that the security of Gulf nations is interconnected. She added that there is no military resolution to the ongoing crisis and warned that further escalation could destabilize the region more. The UAE has responded to recent Iranian attacks by closing its embassy in Tehran and withdrawing its ambassador.

Major General Abdul Nasser Al Humaidi, the defense ministry spokesperson, affirmed that the UAE would never accept threats to its sovereignty or security. He explained the recent sounds heard across the country as missile interceptions and confirmed that the armed forces remain highly prepared. The UAE has substantial strategic reserves capable of countering aerial threats for an extended period.

On the economic side, Abdulla bin Touq, Minister of Economy and Tourism, stated that the nation has enough strategic reserves of essential food and goods to last four to six months. “There’s no risk of shortages,” he assured, noting that authorities are monitoring markets closely to prevent unnecessary price hikes. Residents were advised to avoid panic buying and stockpiling. Bin Touq also announced that approximately 80 flights per day are operating to facilitate travel for those leaving the country.

The National Emergency Crisis and Disaster Management Authority (NCEMA) reported that daily life continues normally across the UAE, with all critical services functioning smoothly.

مارس 3, 2026
Oil & Gas Shipping Costs Spike Amid Iran’s Strait Closure Threat

Oil and gas shipping rates worldwide have surged sharply, with supertankers in the Middle East reaching record-high costs amid escalating US-Iran tensions. The conflict intensified after Tehran targeted ships navigating the Strait of Hormuz, causing a near halt in maritime traffic through this vital corridor—responsible for about 20% of the world’s oil and a significant volume of liquefied natural gas.

This disruption has led to a spike in energy prices, with Brent crude futures jumping nearly 10% over the week as multiple oil and gas facilities in the Middle East have shut down due to fears of prolonged closures and retaliation strikes from Iran. The cost for shipping 2 million barrels of crude from the Middle East to China via very large crude carriers (VLCCs), known as the TD3 route, hit an all-time industry high on Monday, reflecting rates of approximately $423,736 per day or a W419 on the Worldscale measure—a doubling from just last Friday.

Shipping costs from the Middle East to Asia have soared, driven by U.S. and Israeli strikes that targeted Iran’s leadership, prompting Iranian retaliation against Gulf nations. Iran’s Revolutionary Guards publicly announced the Strait of Hormuz is closed and vowed to fire on any passing vessels. However, the U.S. Central Command disputed these claims, stating the strait remains open.

Meanwhile, liquefied natural gas (LNG) shipping rates have also spiked—over 40% on Monday—after Qatar announced halts in its gas production. Atlantic routes now see daily rates reaching around $61,500, up 43% from the previous week, while Pacific rates are approximately $41,000, up 45%.

Energy analysts forecast that spot LNG rates could exceed $100,000 per day this week amid tight supply conditions, as vessel availability is limited due to weather-related delays earlier in February. Shipping companies are suspending operations altogether or seeking alternative routes and ports, with South Korean shipping giant Hyundai Glovis planning contingency measures.

South Korea’s maritime authorities have advised shippers to pause activities in the Middle East region and are discussing additional safety protocols following Iran’s threats to target passing ships. Until safe passage through the Strait of Hormuz can be guaranteed, maritime transportation remains largely idle, causing ripple effects across the global oil and gas markets.

مارس 3, 2026
Saudi Refinery, Kurdish & Israeli Fields Halted in Mideast Strikes

On Monday, Saudi Arabia temporarily shut down its largest domestic oil refinery following a drone attack, according to an informed source. This comes amid a pattern of increased hostilities involving Israeli and U.S. counterstrikes, along with Iranian retaliation, which have led to the closure of multiple oil and gas facilities throughout the Middle East.

Attacks persisted into the third day, prompting the shutdown of most oil production in Iraqi Kurdistan and several major Israeli gas fields, which in turn reduced exports to Egypt. Saudi Aramco’s Ras Tanura refinery, a key part of the energy complex on the Gulf coast capable of processing 550,000 barrels per day, was closed as a preventative measure. This complex also functions as a vital export terminal for Saudi crude oil.

In Iraqi Kurdistan, where 200,000 barrels per day are shipped via pipeline to Turkey’s Ceyhan port, oil companies such as DNO, Gulf Keystone Petroleum, Dana Gas, and HKN Energy have ceased operations at their fields as a safety measure, reporting no damage. Offshore Israel, the Chevron-led Leviathan gas field was shut on Saturday, and Energean has also halted operations at its smaller gas fields.

The Saudi oil infrastructure was targeted; two drones were intercepted near the Ras Tanura facility, causing debris that led to a small fire, according to the Saudi defense ministry. No injuries were reported. While some units at the refinery were temporarily shut, the supply of petroleum products domestically remained unaffected. Nonetheless, the shutdown is expected to heighten fears over supply disruptions, especially as shipping through the Strait of Hormuz, through which approximately 20% of global oil trade passes, has slowed significantly following attacks on vessels.

This escalation is viewed as a serious development by experts. Torbjorn Soltvedt, a Middle East analyst at Verisk Maplecroft, described the attack as a substantial increase in hostilities, signaling that Iran’s interests are now directly targeted within the Gulf’s energy infrastructure. He warned that this could draw Saudi Arabia and neighboring Gulf nations closer to U.S. and Israeli military actions against Iran.

Saudi Arabia’s critical energy facilities have been previously attacked; notably, in September 2019, drone and missile strikes on the Abqaiq and Khurais plants temporarily halted more than half of the kingdom’s crude output. The Ras Tanura plant was also attacked by Yemen’s Iran-aligned Houthi rebels in 2021.

مارس 2, 2026
Strategic US-Iran Oil Route at Center of Tensions

The Strait of Hormuz is a critical maritime corridor for oil transportation, often leveraged by Iran as a geopolitical tool. Tehran has repeatedly threatened to shut it down during crises, though such threats have so far remained empty. In late January, a senior naval commander from Iran’s Revolutionary Guard reiterated the warning, signaling potential closure if attacked, amid U.S. President Donald Trump’s earlier threats of military intervention if Iran didn’t agree to curb its nuclear activities.

While Iran has occasionally hinted at blockades, it has yet to take definitive action, although it did briefly close part of the strait during recent military exercises citing safety concerns. Here’s what you need to know about this vital waterway.

Gateway to the Persian Gulf
The Strait of Hormuz connects the Persian Gulf to the Indian Ocean, situated between Iran and Oman’s Musandam Peninsula. Its narrow width—about 31 miles (50 kilometers)—and shallow depth—no more than 200 feet (60 meters)—make it susceptible to military blockage. The area includes several strategically significant islands, such as Iran’s Hormuz, Qeshm, and Larak. Disputed territories like Greater Tunb, Lesser Tunb, and Abu Mussa, controlled by Iran since 1971, lie in proximity and provide vantage points overlooking the Gulf.

Major Oil Transit Route
This strait is among the world’s most crucial energy chokepoints, serving as a corridor for oil produced in the Gulf to reach markets across Asia, Europe, North America, and beyond. According to the U.S. Energy Information Administration, approximately 20% of global oil consumption—around 20 million barrels daily in 2024—flows through this passage. Nearly as much liquefied natural gas (LNG), primarily from Qatar, also transits these waters. Although Saudi Arabia and the UAE have infrastructure to reroute oil shipments, their capacity—about 2.6 million barrels daily—is limited. The EIA emphasizes that large volumes of oil depend on this route, with few alternatives if it gets blocked. Over 80% of the oil and gas passing through the strait is destined for Asian markets, with China importing over 90% of Iran’s oil exports, according to industry sources.

Military Dynamics
Iran’s Revolutionary Guard oversees naval operations in the region, frequently criticizing the presence of foreign military forces—including the U.S. Fifth Fleet based in Bahrain and the U.S.’s largest Middle Eastern base in Qatar. Tensions have escalated, especially after 2018, when the U.S. disavowed the Iran nuclear deal and reimposed sanctions, leading to increased confrontations. Historical incidents include attacks on ships during the Iran-Iraq War, mines laid in the strait in the late ‘80s, and the tragic shootdown of Iran Air Flight 655 by USS Vincennes in 1988, which resulted in 290 deaths.

Recurring Maritime Incidents
The strait frequently witnesses ship seizures, attacks, and confrontations. Post-2018, these events intensified, with attacks on vessels and the downing of unmanned drones raising fears of broader escalation. Highlights include the 2021 attack on an Israeli-affiliated tanker in the Gulf of Oman that resulted in two deaths, with accusations directed at Iran. In 2024, Iran’s Revolutionary Guards seized a Portuguese-flagged cargo ship, alleging ties to Israel. Early February saw a U.S.-flagged tanker challenged by Iranian gunboats but allowed to proceed. Tensions continue to shape this strategic passage, underscoring its importance and volatility.

فبراير 28, 2026

الوسم: Oil

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