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Race To Reopen Hormuz Intensifies As Global Supply Chain Stress Remains At COVID Levels
Race To Reopen Hormuz Intensifies As Global Supply Chain Stress Remains At COVID Levels
The latest Bloomberg data show that shipping transits through the Strait of Hormuz remained largely disrupted Monday morning, even as Iran and Oman reportedly moved closer to a deal.
Brent crude futures traded near $85 a barrel as markets priced in the possibility that a deal to reopen the maritime chokepoint could be imminent. Yet global supply-chain stress remains near its highest level since the pandemic, and any normalization could take months, even if shipping traffic resumes.
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Mar 23, 2026 / Tyler Durden
Trump Admin Strikes Deal With Energy Firm To Nix Offshore Wind Plans
Trump Admin Strikes Deal With Energy Firm To Nix Offshore Wind Plans
Authored by John Haughey via The Epoch Times,
A global energy corporation based in France has ceded leases off North Carolina and New York where it planned to spend nearly $1 billion to build offshore wind turbines back to the U.S. Department of Interior and will instead redirect that investment into natural gas projects in Texas.
The “landmark agreement” was jointly announced by the department and TotalEnergies in Washington on March 23, and confirmed by Interior Secretary Doug Burgum and...
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Aug 27, 2026 / Tyler Durden
Kuwait, Qatar Ramp Up Hormuz Oil Flows As Oman-Iran Talks Ease Supply Fears
Kuwait, Qatar Ramp Up Hormuz Oil Flows As Oman-Iran Talks Ease Supply Fears
Brent crude futures fell to an intraday low of $86.22 a barrel early Thursday before recovering above $88 by 0630 ET. The benchmark is down 6.3% this week as traders unwind part of the war-risk premium amid growing optimism that renewed diplomatic efforts involving Iran, Oman and Qatar could reduce the threat of drone attacks on tankers in the critical waterway.
Bloomberg reported earlier that Kuwait and Qatar are restoring crude exports through the highly contested maritime chokepoint....
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Mar 1, 2026 / Tyler Durden
Oil Soars Over 10% In OTC Trading, Whether That Sticks Depends On How Long The War Lasts
Oil Soars Over 10% In OTC Trading, Whether That Sticks Depends On How Long The War Lasts
With war in the middle east raging, and the world's most important oil transit choke point - the Straits of Hormuz which accounts for 20% of daily global oil transit - "effectively" halted after at least three ships were attacked in the vicinity of the waterway - even as Iran’s Foreign Minister Abbas Araghchi told Al Jazeera TV his country has no intention to close the Strait of Hormuz and has kept it open...
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