Oil Plummets As NATO Mulls Hormuz Deployment If Strait Not Open By July

First Qatar Supply Shock, Now Cyclone Chaos Slams Major Australian LNG Plants In a troubling overnight development that could further deepen the Gulf energy shock, especially in global LNG markets, a tropical cyclone has disrupted operations at three major Australian LNG facilities, which together account for roughly 8.4% of global supply. The timing is alarming: Iranian strikes have already knocked out about 17% of Qatar's LNG export capacity, with repairs potentially taking years. The Australian outages now add near-term supply risks for buyers, particularly in Asia and Europe, who are...

Saudi Arabia's Most Critical Pipeline Restored After Drone Attack A key Saudi oil pipeline to the Red Sea was restored on Sunday and is now pumping at full capacity after an Iranian drone attack last week damaged a pumping station. The East-West pipeline is back at full capacity, moving about 7 million barrels per day and restoring critical energy flows from Saudi's Persian Gulf oil fields to the Red Sea port of Yanbu, bypassing the turmoil in the Strait of Hormuz. Bloomberg quoted the Saudi energy ministry as saying that Saudi...

Israeli leaders are watching events in the Strait of Hormuz closely and preparing to strike Iran. Israel has been pushing for the US to abandon the diplomatic process and greenlight renewed attacks on Iran.  On Sunday, Trump announced “Project Freedom” to reopen the Strait of Hormuz. The operations call for the US Navy to assist […]