Middle East
Oil tankers steer clear of Hormuz ahead of U.S. blockade
The move followed the collapse of weekend talks between Washington and Tehran, prompting President Donald Trumpto say on Sunday the U.S. Navy would enforce a blockade targeting vessels entering and leaving Iranian ports, even as Washington stressed it would not restrict transit through the strait itself.
Saudi Arabia restores full capacity on East-West oil pipeline to 7 MMbpd after attacks
Saudi said on Thursday the attacks had cut its oil production capacity by around 600,000 bpd and throughput on its East-West Pipeline by about 700,000 bpd.
TotalEnergies says SATORP refinery in Saudi Arabia damaged after incidents
Saudi Arabia's oil production capacity has been reduced by around 600,000 bpd following attacks on energy facilities.
Iranian Oil Refining Co. confirms attack on Lavan refinery
The company said the facility was hit at around 10 a.m. (0630 GMT), adding that safety and firefighting teams were working to contain the blaze and secure the site.
Hormuz closure divides the fortunes of Middle Eastern oil states
The Strait of Hormuz's closure and the resulting surge in global oil prices have handed financial windfalls to Iran, Oman and Saudi Arabia, while other states that lack alternative shipment routes have lost billions of dollars.
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