US-Israel attack on Iran | Egypt Oil & Gas

Fire breaks out at Fujairah Oil Zone After Suspected Drone Incident

A fire broke out in the Fujairah Oil Industry Zone (FOIZ) following a suspected drone incident, the UAE News Agency reported on May 4. Civil defense teams responded immediately and are working to contain the fire. ...

Iran Allows Two Indian LPG Carriers Through Strait of Hormuz Amid Blockade

Iran has permitted two Indian-flagged liquefied petroleum gas (LPG) carriers to pass through the Strait of Hormuz, sources with direct knowledge said to Reuters, marking a rare exception to Tehran’s blockade that ...

$150 Oil Possible if Hormuz Remains Shut, Says Wood Mackenzie

The escalation of conflict in the Middle East following US and Israeli strikes on Iran has placed global energy markets on edge,  Wood Mackenzie, a global leader in data, analytics and insights for the energy and ...

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