US Core Manufacturing Orders Up For 3rd Straight Month In January

Libya's Largest Oilfield Hit By New Armed Group Blockade By Tsvetana Paraskova of OilPrice.com Crude oil production at Libya’s largest oilfield, Sharara, has slumped over the past day after an armed military group closed a valve on the pipeline that carries crude oil from the field to the Zawiya port for exports, in yet another global supply scare amid ongoing disruptions in the Middle East. An armed group has closed Valve n.7 on the pipeline, Libya’s National Oil Corporation (NOC) said, adding that the closure caused a pressure buildup within the crude...

US Central Command said reports that the Navy is escorting commercial ships through the Strait of Hormuz. On Tuesday, The Wall Street Journal reported speaking with US military officials who said the Navy quietly resumed the operation to escort ships through the Strait of Hormuz. Earlier this month, Trump launched Project Freedom, a military operation […]

Iran's Parliament Mulls 'Triple-Urgency' Bill To Withdraw From Intl Nuke Treaty Iran's Deputy Speaker of Parliament has indicated that the national lawmaking body is reviewing a three-point plan to withdraw from the NPT, reports Fars news agency. Iran has been a signatory to the NPT, or Nuclear Non-Proliferation Treaty, going all the way back to 1970, as a non-nuclear weapon state. Iran's parliament is now considering a "triple-urgency" bill which would order the withdrawal. This is all still at the level of political noise and signaling, for the time being at...