Aluminum Supply Shock: Top Gulf Producer Halts Operations After Iran Strike, Price To Spike

Momentum: US Issues 60-Day License For Iranian Oil Sales As Tehran Agrees To Hormuz Access, Nuclear Inspections Update(0935ET): As part of the MoU framework, and ongoing technical peace discussions in Switzerland (with US and Iranian teams still though - though Vance and Ghalibaf have at this point departed after their 18-hour first round achievement - Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil - it stated in a huge forward-momentum development. Treasury Secretary Scott Bessent announced on X: Under President Trump and Vice President Vance,...

Iranian Supreme Leader Ayatollah Mojtaba Khamenei said in a statement on Thursday that the future of the Persian Gulf is without a US presence and vowed that Tehran would set “new legal frameworks” for the Strait of Hormuz. The statement, which commemorated Iran’s Persian Gulf National Day, was issued through Iranian media as Khamenei has […]

Ras Laffan Explosion Threatens To Slow Qatar LNG Ramp, Goldman Says A powerful explosion tore through Qatar's key natural gas plant late Sunday, killing at least 13 people and injuring 66 others. While the incident does not appear to have directly impaired LNG export capacity, it has certaintly raised the risk that Qatar may slow the restart of operations as a precaution. The timing could not be worse. The blast at Qatar's giant Ras Laffan energy complex comes just a week or so after the US-Iran interim peace deal was signed...