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Washington and eight Gulf capitals are weighing a USD 10 bn fund to route oil and gas around Hormuz
The caveat: Not every Gulf state can build its way out of Hormuz
A Hormuz workaround is draining the global tanker fleet — and Europe and Asia are paying for it
Freight used to be almost incidental to the economics of the barrel, but now it can determine whether the trade…
Asyad advances fleet renewal plans with three tanker sales
The move comes alongside USD 17.5 mn sale of its 18-year-old MR product tanker Al Amerat,
Washington says Hormuz is recovering — but shipping numbers say no yet
Washington is working with GCC states, shippers, and insurers to push volumes higher through Hormuz
TODAY: Is Hormuz reopening or are oil flows simply recovering?
What we’re tracking this morning regionally and around the world
Egypt's fire-damaged FSRU heads to Spain for repairs, with an end-October return to Damietta
The Mediterranean coast goes without regasification capacity for another two months, leaving Sokhna and Aqaba to carry Egypt's LNG imports
Saudi Arabia is routing more crude back through Hormuz as its pipeline workaround stays offline
Washington says the fix is days away; Aramco is trading like it's weeks
TODAY: A new budget airline is coming to Dammam + XRG completes Southern Gas Corridor stake acquisition
What we’re tracking this morning regionally and around the world
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