The International Energy Agency (IEA) is warning that escalating Middle East tensions are increasing uncertainty in global oil and gas markets. Hostilities threaten the Strait of Hormuz and regional energy infrast ...
India has resumed buying oil from Iran for the first time in nearly five years, as ongoing tensions in the Middle East continue to disrupt supplies, especially through the Strait of Hormuz, Reuters reported.
TotalEnergies reported that production in Qatar, Iraq, and offshore UAE is either halted or in the process of shutting down, representing around 15% of the company’s total output. Onshore UAE production, estimated ...
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