Oil
Oil prices rise 1.1% amid concerns of shipping disruptions in the Strait of Hormuz
Tensions in the Persian Gulf offset expectations for a diplomatic agreement between the US and Iran, while attacks on vessels and rising US inventories impact trading.
Iran war, Hormuz disruptions drive first drop in global fossil fuel emissions since 2020 - report
Tankers continue to burn in the Middle East despite hopes for de-escalation
US energy giant Murphy enters Israeli gas exploration market in partnership with Ratio Energies
Widespread blackout caused by drone attack on Khor Mor gas field, exposing Iraqi vulnerabilities
The attack struck a gas storage and truck-loading facility containing approximately 1,500 tons of cooking gas, according to Rudaw.
Leaders urge rapid climate action at COP31 as record heat, global crises threaten progress
A report by the United Nations Environment Program published in October said the world was already set to overshoot 1.5C of warming above pre-industrial times, the threshold set in 2015.
Iraq says it lost $60b from Iran war, reaches understandings with US on Hormuz oil route
Iraqi oil will move through the Strait of Hormuz via a shipping lane near Oman, Foreign Minister Fuad Hussein said, under understandings reached with Washington.
Iran says oil tanker hit naval mine, caught fire east of Strait of Hormuz
Iran's navy claimed that the tanker caught fire after striking the mine on Sunday.
Israeli company Beyond Oil appoints former McCain Foods executive Joe Colligan as US CEO
In his new role, Colligan will lead Beyond Oil USA's expansion efforts, focusing on large foodservice organizations, quick-service restaurant chains, retail chains, and other major operators.
Saudi Arabia issues alerts of potential danger in Yanbu as Houthis continue attacks on region
The Saudi-led coalition fighting the Houthis in Yemen said it destroyed a missile launched by the group towards Islam's holy city of Medina.
Does Iraq's rerouting of oil exports make Turkey a big winner of the Iran war? - analysis
Turkey has already made use of its position to work with Saudi Arabia and Pakistan. The increase in oil exports from Iraq appears symbolic.
Aramco exploring expansion of crude pipeline to bypass Strait of Hormuz blockade
The effective blockade of the chokepoint, previously a conduit for 20% of global oil supplies, has redrawn global energy flows and infrastructure investment priorities in the Gulf.
Two oil tankers explode after hitting mine in Hormuz Strait, IRGC spokesperson says
"One of the vessels is a supertanker; it is currently engulfed in flames following a powerful explosion," the Iranian Revolutionary Guard Corps (IRGC) Navy spokesperson said.
Bazan petitions Haifa Municipality: Hearing postponed indefinitely
The oil refineries company filed a petition against the Haifa Municipality demanding the renewal of business licenses.
