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

Russia’s Economy Faces New Oil Shock as Sanctions and War Costs Mount

Russia’s Oil Dependence Faces New Risks as Global Supply Shifts For decades, crude oil has been the central pillar of Russia’s economy, outweighing even its once-lucrative natural gas exports to Europe. That dependence is now under renewed pressure as concerns grow over a potential fall in global oil prices, driven in part by US plans … Περισσότερα