Houthi blockade diverts four tankers from Saudi ports; three Saudi crude tankers for China/India rerouted to Suez. EU warns of attacks on ships linked to Israel, U.S., or Saudi Arabia. https://t.co/SaJp8lGWrl
Two tankers carrying Saudi crude to Asia reversed course in the Red Sea after Houthi threats. Brent crude rose above $91/barrel, and U.S. gasoline topped $4/gallon. War costs hit $37.5 billion, with an additional $70 billion requested. https://t.co/SaJp8lGWrl
CPC halted oil receipts from Kazakhstan after suspending loadings at its Black Sea terminal due to drone attacks. Reservoirs are full. CPC handles 80% of Kazakhstan's exports and nearly 2% of global oil, adding to supply concerns. https://t.co/SaJp8lGWrl
Saudi May crude exports fell to 3.434M bpd (3.986M in April), a record low; output rose to 6.56M bpd. Domestic use and Middle East conflict reduced exports. https://t.co/SaJp8lGWrl
Four vessels crossed the Strait of Hormuz Monday, down from seven, amid US-Iran tensions. No VLCC or LNG tankers passed. Houthis imposed a naval blockade on Saudi Arabia. A tanker was struck by a projectile in the strait; two others were hit off Oman. https://t.co/SaJp8lGWrl
Houthi blockade threatens Bab el-Mandeb, key oil route. Oil rose to ~$89/barrel. Saudi exports of 4.5M bpd to Asia face delays. Prices could hit $115-$120, risking global recession. https://t.co/SaJp8lGWrl
U.S. gas prices hit $4/gallon as Iran tensions disrupt Strait of Hormuz. Prices up 30% since Feb; crude surged 16% after truce collapse. https://t.co/SaJp8lGWrl
Western firms signed $60B+ in non-binding deals with Iraq. Chevron to invest in a pipeline bypassing the Strait of Hormuz. ConocoPhillips acquired 42% stake in BP Energy of Kirkuk. https://t.co/SaJp8lGWrl
US and Australia signed a critical minerals deal to counter China, pledging $1B each. EXIM issued $2.2B in LOIs to 7 Australian firms, boosting shares. Also backed Alcoa's gallium plant in WA for 10% of global supply. https://t.co/SaJp8lGWrl
IEA warns of energy security risk if Strait of Hormuz oil flow not restored soon. Chinaβs 1B barrel stockpile, EV use, and a 400M barrel IEA release moderated price rises, but Asia hardest hit. US production up 1-2M bpd, insufficient to offset crisis. https://t.co/SaJp8lGWrl
Fujairah bunker sales fell 55% to 1.63M tons in H1 2026 vs H1 2025, hitting a June low of 86K tons, due to U.S.-Iran war disruptions. Zhoushan poised to overtake it as third-largest hub. https://t.co/SaJp8lGWrl
US crude stocks fell 1.7M barrels vs 2.6M forecast; gasoline down 1.5M; distillates rose 4.6M. Refinery runs up 99K bpd to 96.2% utilization. Demand steady at 8.84M bpd. https://t.co/SaJp8lGWrl
China's May fuel oil imports hit record low of 559k tons; June at 700-800k tons. Refinery runs fell to 10-year low due to weak demand and export curbs. Cheaper crude replaced fuel oil as feedstock. https://t.co/SaJp8lGWrl