Oil rebounded after its biggest one-day drop since April 2020, as the Strait of Hormuz remained largely blocked and Israeli attacks on Lebanon threatened to derail the fragile ceasefire in the Middle East. Crude oil prices have been on the rise of late and the Russia’s invasion of Ukraine has further fuelled concerns of supply…
FOR THE first month of their war on Iran, America and Israel mostly spared civilian infrastructure. In March bombers painstakingly picked around oil terminals and ports while attacking Kharg Island, an energy entrepot. A week later Donald Trump told Israel to stand down after its strikes on South Pars, a gasfield, provoked Iranian retaliation against…
Amid a day with dozens of threats and escalating rhetoric toward Iran, President Trump took a significant step back on one key issue for energy markets: a US campaign to control Iran’s oil. “I’d like to take the oil because it’s there for the taking,” the president told reporters at the White House easter egg roll….
US President Donald Trump (Photo: Bloomberg) 2 min read Last Updated : Apr 02 2026 | 7:38 AM IST US President Donald Trump Wednesday said China, Japan and South Korea should be involved in opening Strait of Hormuz. The president has previously directed much of his anger at Nato allies for their reluctance…
China has remained publicly silent after U.S. President Donald Trump on Monday urged Beijing to help reopen the Strait of Hormuz, the critical oil chokepoint that has been largely shut down during the escalating war with Iran. The standoff around the narrow waterway, through which roughly 20% of the world’s oil supply normally passes, has…
US President Donald Trump on Saturday said the United States has “beaten and completely decimated” Iran even as he urged countries to take care of the Strait of Hormuz. President Donald Trump speaks to reporters before he boards Air Force One. (AP Photo/Mark Schiefelbein) (AP) In a social media post, Trump said the countries that…
When Gary Dirks arrived in China in 1995, the country’s government was looking to source more of its energy at home. Dirks was the incoming country head for BP, but efforts to find more oil and gas in the country had largely fizzled. So government leaders pivoted, Dirks said. China invested heavily in its domestic…
Global oil markets swung both ways for a second straight day on Tuesday as mixed signals from the Trump administration about the war in Iran and security in the Strait of Hormuz caused panic among investors and energy traders. Galaxy Globe bulk carrier and Luojiashan tanker sit anchored in Muscat, as Iran vows to close…
Iran is exporting more oil through the Strait of Hormuz than before the war, showing it is in control of a strategic waterway that it has closed off to the rest of the region’s oil producers. The tanker Luojiashan anchored in Muscat, Oman, as Iran exerts control over the Strait of Hormuz. As Gulf Arab…
Today’s ESG Updates US Calls for Doubling Global Oil Output at Davos: At the World Economic Forum in Davos, the U.S. energy secretary argued that global oil production must more than double, criticising EU and California climate regulations as barriers to energy security. China Defends Wind Power Strategy After Trump Criticism: China pushed back against…