Qatari LNG Tanker Abruptly U-Turns In Hormuz Chokepoint After Weekend Transit Breakthrough

Amazon Warns Of "Degraded" AWS Service In UAE After "Power Issues" Amid Middle East Conflict Iran's retaliatory attack ramped up on Sunday after the U.S.-Israeli Operation Epic Fury killed Supreme Leader Ayatollah Ali Khamenei on Saturday morning. Follow-on strikes were reported in Israel, across multiple Gulf states, and maritime incidents affected commercial shipping lanes in and around the Strait of Hormuz. One notable and unexpected point of disruption has emerged in the Middle East critical infrastructure on Sunday morning, with Amazon reporting that its Middle East (UAE) data center region has...

European Gas Storage Can't Survive 3 More Months Of Hormuz Authored by Alex Kimani via OilPrice.com, Europe risks a major gas storage shortfall if disruptions through the Strait of Hormuz continue for another 1–3 months, with inventories still far below normal seasonal levels. LNG supply disruptions, strong Asian demand, and distorted gas pricing have made refilling storage unusually difficult and expensive across the EU. Equinor warns prolonged disruptions could push Dutch TTF gas prices toward €90/MWh, forcing industrial demand destruction and fuel switching across Europe. Europe could face a critical shortfall in natural gas...

Saylor's Strategy Scoops Up Another $2B Bitcoin, Holdings Reach 843,738 BTC Authored by Helen Partz via CoinTelegraph.com, Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, made another massive BTC acquisition last week as the crypto asset hovered around $80,000. Strategy acquired 24,869 Bitcoin (BTC) for $2.01 billion between May 11 and 17, according Monday's 8-K filing with the US Securities and Exchange Commission. Source: SEC The purchases were made at an average price of $80,985 per BTC, raising Strategy’s cost basis to $75,700. The company now holds 843,738 BTC, acquired for about $63.87 billion. At the...