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LN24 > Blog > energy markets
05
May

US and Iran Launch New Attacks as they Wrestle for Control of Gulf Waters

  • LN24 / 3 weeks
  • 0
  • 4 min read

Fresh escalation in the Gulf Fresh fighting has erupted between the United States and Iran in the Gulf, sharply raising tensions around the strategically vital Strait of Hormuz, one of the world’s most important oil shipping lanes. The latest escalation comes as both countries try to assert control over maritime traffic in and around the […]

02
May

OPEC+ Set for Another Oil Output Quota Hike Despite Hormuz Closure, Sources Say

  • LN24 / 3 weeks
  • 0
  • 3 min read

The OPEC+ alliance is set to approve another modest increase in oil production quotas for June, pressing ahead with its supply strategy despite the ongoing closure of the Strait of Hormuz, one of the world’s most critical oil shipping routes, according to sources familiar with the matter. Planned Output Increase Continues “Business as Usual” Seven […]