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TotalEnergies halts offshore oilfield production, Citi shuts down offices as war enters day 14
Plus: Attacks continued on vessels off of the coast of the UAE
More attacks at Hormuz
Operations at DXB were halted temporarily yesterday morning
Energy, trade top agenda in UAE-Vietnam leaders’ call
The president pledged the UAE’s readiness to support Vietnam’s immediate and long-term energy needs
DP World appoints Ahmed Al Hassan as regional CEO for GCC
Al Hassan previously served as chief financial officer for DP World’s GCC business
THIS MORNING: Markets close in green for first time since war began + DP launches land bridge to bypass port disruption
Plus: The UAE’s tourism sector is the most exposed in the Gulf
Could Hormuz’s closure disrupt the UAE’s food supply?
Alternatives like rerouting through neighboring countries and air freight could help, but they’re slower and more expensive
UAE, Japan finish CEPA negotiations, discuss energy supplies in light of disruptions
Al Jaber said Japan’s energy security is a priority, but the Strait of Hormuz disruption leaves limited options
THIS MORNING: Attacks on energy infrastructure in the Gulf continue + Flights disrupted last night due to missile threat
Plus: Fitch sees Strait of Hormuz closure as posing a “limited” shock to oil prices
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