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Trump Crosses Iran's 'Red Line' By Heavy Bombing Of Kharg Island, Endangering Energy Assets Across Region
Trump Crosses Iran's 'Red Line' By Heavy Bombing Of Kharg Island, Endangering Energy Assets Across Region
In what could prove to be a major step up the escalation ladder in the two-week-old US-Israeli war on Iran, President Trump on Friday evening (notably after US market closure) announced that US Central Command had carried out a major bombing raid on Kharg Island, which handles upwards of 90% of Iran's crude oil exports. Importantly, Iran has previously warned that an attack on the island would cross a red line, and precipitate Iranian...
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Qatar And Kuwait Restore 70% Of Pre-War Oil Exports Through Hormuz
Qatar And Kuwait Restore 70% Of Pre-War Oil Exports Through Hormuz
Authored by Tsvetana Paraskova via OilPrice.com,
Qatar and Kuwait have managed to boost their crude oil exports from the Strait of Hormuz to 70% of pre-war levels as they followed the United Arab Emirates in shuttling oil through the chokepoint and using ship-to-ship transfers in the Gulf of Oman, anonymous traders told Bloomberg on Thursday.
Before the Middle East conflict, Qatar and Kuwait collectively exported about 2 million barrels per day (bpd) of crude oil via the Strait of Hormuz.
They don't...
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