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
US pushes Mediterranean oil pipelines to bypass Strait of Hormuz despite proxy security risks
Middle East correspondent Battaglia said that, in her view, if it were up to al-Zaidi, Baghdad would already have decided to chart its future with the United States rather than with Iran.
Houthis to strike Saudi oil facilities if Riyadh escalates in Yemen, leader warns
The warning came after the Houthis fired missiles at Saudi Arabia, accusing the kingdom of bombing an airport under their control on Monday, marking a rupture in a four-year truce.
US supporting efforts to revive Iraq-Syria crude oil pipeline, US official says
Bloomberg reported that Chevron could play a role in rebuilding the pipeline, though the company declined to comment.
Oil and the shaping of modern commodity economies in the Middle East
Oil has shaped economies, industries, and international relations for more than a century. This article explores its global impact, market role, and evolving place in the energy landscape.
Oil prices surge more than 3% as US-Iran strikes fuel Hormuz fear
"The Strait of Hormuz is a vital maritime corridor for global trade. Iran does not control it," CENTCOM said following its strikes on dozens of Iranian targets.
UAE plans to build new ports, oil hubs in Gulf of Oman to bypass Strait of Hormuz closure - report
According to a report by FT, the new port would be built in the city of Fujairah, which already has a harbor but lacks the necessary infrastructure to serve as a major export hub.
Strait of Hormuz traffic slows as US-Iran conflict raises new safety risks
Six vessels transited the strait on Sunday, ship-tracking data from Kpler showed, the lowest number in five weeks.
‘Viceroy’ of Venezuela: Rubio runs Caracas with total deference from interim president - report
Marco Rubio has been running Venezuela's finances, government, and natural resources without stepping foot in the country, dozens of sources told the NYT.
Trump says Strait of Hormuz open to commercial traffic
"We had a meeting with them, where they agreed to a deal that was perfect for us...And then, after that, they left the room and within an hour they launched a drone at a ship," Trump said.
Iraqi prime minister to visit Washington on Monday, oil and gas deals expected
"The agreements to be signed will include several memorandums of understanding in the oil and gas sector as Iraq prepares to bring in various US companies," a government spokesperson said.
