Two ships have sunk near the strategically important Strait of Hormuz after being struck by projectiles, according to a Reuters report published on October 14, 2026. The incidents come amid a surge in attacks on commercial shipping, raising fresh concerns about maritime security and the safety of vessels navigating one of the world’s most critical […]
Russia says it could increase diesel exports to between 3 million and 3.5 million metric tonnes per month by the end of the year, potentially exceeding the volumes announced by US President Donald Trump under a recently agreed fuel supply arrangement. Russian Deputy Prime Minister Alexander Novak said on Monday that Moscow had the capacity […]
Thomas Barrack, a senior US diplomatic envoy under President Donald Trump, maintained financial ties to a real-estate venture managed by an investment firm he reportedly advocated for a $15 billion oil pipeline project designed to bypass the strategically vital Strait of Hormuz, according to a Reuters investigation. Barrack, who serves as the US special envoy […]
Shipping traffic through the Strait of Hormuz has fallen to its lowest level in more than two months after a sharp increase in tanker attacks raised fresh concerns about the safety of the strategic energy corridor. Vessel Traffic Drops Sharply Data from shipping analytics firm Kpler showed that only seven commodity vessels passed through the […]
South Africa is prioritising 9.6 gigawatts (GW) of battery energy storage and gas-to-power projects as part of a new long-term electricity procurement strategy aimed at strengthening grid stability and preventing a return to an energy crisis. Electricity and Energy Minister Kgosientsho Ramokgopa announced on Wednesday that the initial procurement programme will include 4.6 GW of […]
U.S. PRESIDENT BRIEFS REGIONAL LEADERS ON IRAN TALKS AS WASHINGTON SEEKS A PATH TOWARD DE-ESCALATION U.S. President Donald Trump has hosted a multilateral meeting with senior Arab and Middle Eastern leaders on the sidelines of the 81st United Nations General Assembly in New York, as Washington pursues diplomatic options to address the conflict with Iran. […]
Iran has offered to reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade of Iranian ports, according to a senior Iranian official who spoke to a media outlet on Tuesday. Tehran Signals Possible Return to Diplomacy The Iranian official said Washington would first need to […]
Brent Crude Approaches Key $100 Threshold as Escalating Regional Conflict Threatens Energy Supplies Oil prices are surging toward $100 a barrel, with renewed military attacks across the Middle East raising fears of further disruption to regional energy supplies and shipping routes. Brent crude futures rose 1.3% to $99.22 a barrel by 0614 GMT on Wednesday, […]
Iran and Oman are nearing an agreement on a temporary safe shipping corridor through the strategically vital Strait of Hormuz, with Tehran saying negotiations between the two coastal states have entered their final stage. Iranian Foreign Ministry spokesman Esmail Baghaei said Monday that discussions with Oman had been serious and productive. He said a joint […]
Seoul Reviews Possible Military Role South Korea is considering whether to make a military contribution to international efforts to protect freedom of navigation through the strategically important Strait of Hormuz, but officials stress that no final decision has been made. The presidential office said Seoul is examining both military and non-military options, while emphasizing that […]