Middle East
Middlemen offer Iranian oil to Indian refiners after U.S. waiver
On Monday, the United States waived sanctions on Iran for 60 days after the first talks under a nascent peace deal, opening a narrow window for renewed energy trade.
TotalEnergies must invest in Gulf pipelines to bypass Hormuz, CEO says
The Iran war has paralyzed the waterway through which a fifth of the world's oil passes en route to global markets.
Explosion at Qatar's Ras Laffan LNG complex kills 13, injures 66
A fatal explosion at Qatar's Ras Laffan LNG complex killed 13 workers and injured dozens as facilities were being brought back online following months of disruption.
Iraq to export crude, naphtha through Syria after Hormuz shock
The move would broaden an arrangement that has seen Iraq export fuel oil through the Mediterranean port of Baniyas after the effective closure of the Strait of Hormuz, which sharply curtailed Gulf export routes for OPEC's second-largest producer.
Majority of Iranian petrochemical units back to production
Iran introduced a ban on petrochemical exports in April to ensure domestic supply after its petrochemical sector production was disrupted by Israeli strikes hitting utilities companies that provide feedstock for petrochemical plants.
TotalEnergies' Saudi Arabia refinery will not be fully repaired until early 2027, CEO says
TotalEnergies' SATORP oil refinery in Saudi Arabia, which was hit by three drones in April, is still running only at 70% capacity.
Opinion: Is the Iran war just an energy shockâor a turning point?
At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman.
Fragile Iran deal offers oil relief, but Hormuz risks remain
Under the agreement announced late on Sunday, Iran and the U.S. agreed to lift their blockades on the Strait of Hormuz, through which roughly a fifth of global oil and LNG flowed before the war broke out on February 28.
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