Seven Pipeline Projects That Could Break Iran's Grip On Hormuz Chokepoint

Brent Tops $102 As Mideast Conflict Intensifies, HSBC Hikes Oil Forecast Brent crude futures traded above $102 a barrel Thursday morning after Iran threatened to intensify attacks, renewing concerns over tanker flows through the Hormuz maritime chokepoint. The supply risk extends well beyond crude to mounting shortages of refined products, particularly diesel, as the US diesel crack spread trades around $102 a barrel. President Trump's indication yesterday that the conflict could continue beyond November's midterm elections suggests limited near-term fuel pump relief for working-class folks, with the US national gasoline...

Iranian Drones Strike EU Country In War First The Iran war has just for the first time, and rather quickly given it's only the third day of the conflict, expanded to include an EU nation in the Mediterranean. Iranian-made drones have reached Cyprus and at least one has made ground impact. But they may have been launched from nearby Lebanon. The British Royal Air Force (RAF) base in Akrotiri, Cyprus came under attack Monday morning, with an Iranian drone striking the runway in the early hours, several reports say. This comes...

Israeli officials told The New York Times on Thursday that the attack on Iranian facilities linked to the South Pars gas field was coordinated with the US, despite President Trump claiming the US “knew nothing” of the plans to strike the energy infrastructure. The South Pars gas field, shared by Iran and Qatar in the […]