The Rumaila Oil Field: The Giant Energy Prize Behind Middle East Conflicts

Rumaila: The Super-Giant Oil Field That Helped Shape War in the Middle East Few oil fields in the world have influenced geopolitics as profoundly as the Rumaila oil field in southern Iraq. Considered one of the planet’s “super-giant” petroleum reservoirs, Rumaila has been a cornerstone of Iraq’s energy sector for decades, with daily production that … Περισσότερα

What Happens If the Strait of Hormuz Closes for 30 Days? The Global Economy Could Face Its Next Shock

A prolonged disruption in the Strait of Hormuz could send shockwaves through the global economy, triggering energy price spikes, renewed inflation fears and fresh geopolitical risks for the United States and its allies. AI Takeaways • The Strait of Hormuz carries nearly 20% of global oil supply.• A prolonged disruption could send energy prices sharply … Περισσότερα

Oil Above $100? Asia Faces Energy Shock as Iran’s Hormuz Move Threatens Global Supply

Oil tankers crossing the Strait of Hormuz, the world's most critical energy chokepoint

A potential closure of the Strait of Hormuz by Iran is sending shockwaves through global energy markets. While oil traders in New York and London are watching Brent crude surge toward triple digits, it is Asia that stands to suffer the most severe consequences. A prolonged disruption would likely push oil prices above $100 per … Περισσότερα

US Investigations in Athens Expose Iran–Iraq Oil Sanctions Evasion Network

AI Summary US authorities are conducting investigations in Athens into a sophisticated sanctions-evasion network involving Iranian oil rebranded as Iraqi crude. The probe focuses on ship-to-ship transfers, manipulated AIS data and the alleged involvement of Greek-linked tanker operators, with OFAC warning of severe sanctions and exclusion from the global financial system. US Investigation in Athens … Περισσότερα