Sternlicht's Starwood Real Estate Fund Gates Redemptions

"Developments Can't Be Ignored" As Brent Tumbles On Iran Talks, Saudi Pipeline Restart Hopes: UBS Brent crude slipped below $99 a barrel, falling as low as $97.77 in the overnight hours, as renewed US-Iran diplomacy and prospects for restored Saudi oil exports eased supply concerns. But as Goldman Sachs energy experts warned on Tuesday, the global refining nightmare will persist through next year. The benchmark has slipped nearly 11% since mid-month after topping out around $109.65. Reports this week of a partial restart of Saudi Arabia's East-West pipeline and Asian buyers...

Pakistan Uses Diplomacy To Secure LNG Supply from Hormuz Submitted by Charles Kennedy of OilPrice.com Pakistan has negotiated the passage of vessels laden with Qatari LNG out of the Strait of Hormuz in a diplomatic feat that no other energy buyer has managed so far in the Iran war. Pakistan, which was the mediator of the U.S.-Iran talks and is passing messages from one to the other, appears to have used well its close ties with both Qatar and Iran to negotiate the successful imports of two tankers with Qatari LNG. Pakistan has...