Oil Surges After Trump Says "US Must Respond To Iran Attack On Apache Helicopter"

Iran Offers 60-Day Toll-Free Hormuz Transit As 100s Of Ships Await Reopening The U.S. and Iran reached an interim agreement to reopen the Strait of Hormuz on Sunday evening, just 30 minutes before New York futures opened, with officials from both countries set to meet in Switzerland on Friday to formally sign the peace deal. According to Iranian outlet Fars, the U.S.-Iran deal reportedly includes a 60-day toll-free window for vessels. After that period, if a more permanent deal is agreed upon, Tehran may seek to monetize the Hormuz chokepoint by...

The Case For Britain Backing Its North Sea Oil & Gas Industry Authored by David Whitehouse, chief executive of Offshore Energies UK, via City AM, Jackdaw and Rosebank could strengthen UK energy security by increasing domestic oil and gas production while demand remains substantial. The projects are expected to support billions of pounds of investment, thousands of jobs, and a broad UK offshore supply chain. Continued North Sea production could reduce import dependence while preserving engineering skills and industrial capacity needed for offshore wind, hydrogen, and carbon capture. Britain faces a simple choice. While we...