Iran | Egypt Oil & Gas
Iran Exports LPG, Jet Fuel Despite US Naval Blockade
Iran has managed to export liquefied petroleum gas (LPG) and jet fuel since July despite a US naval blockade, maritime intelligence data and sources showed. Four maritime security and Gulf oil shipping sources told Re...
ADNOC Secures Iraqi Crude at Steep Discounts
Abu Dhabi National Oil Company (ADNOC) has agreed to buy up to 72 million barrels (mmbbl) of Iraqi crude for August and September at steep discounts, Reuters reported, citing Iraqi sources. ADNOC agreed to purchase 32... Trump Eyes Venezuela‑Style Scenario for Iran Oil
US President Donald Trump said that the US could remain involved in Iran and retain access to its oil, drawing a comparison with the US energy deal in Venezuela. According to Reuters, Trump said the US would eventuall...
Strait of Hormuz Ship Traffic Remains Well Below Average Amid Ongoing Regional Tensions
Ship traffic through the Strait of Hormuz remains significantly below normal levels, with only five commodity vessels crossing the key energy chokepoint on August 25, well below the 10-day average of 15 crossings acco...
Indian Refiners, Global Energy Major Halt Use of Iran-Blacklisted Ships
At least three Indian oil refiners and a global energy major plan to stop using vessels placed on Iran’s new blacklist, including for ship-to-ship (STS) transfers, due to security concerns, four sources familiar with ...
Iran Authorizes Iraqi Oil Tankers to Transit Strait of Hormuz
Iran has allowed a number of Iraqi oil tankers to transit the Strait of Hormuz after Baghdad repeatedly sought permission through multiple channels, Reuters reported, citing Iran’s state-run Islamic Republic News Agen...
US to Make Highest Middle East Crude Purchases Since Start of Iran Conflict
The United States (US) is set to import around 600,000 barrels per day (bbl/d) of crude oil from the Middle East in August, marking the highest level since the Iran war began, as a temporary reopening of the Strait of...
US Reimposes Iran Oil Sanctions After Tanker Attacks
The United States (US) reimposed sanctions on Iranian oil on July 7, with a US official warning that Tehran’s attacks on vessels transiting the Strait of Hormuz were wholly unacceptable and would draw consequences, Re...
