Houthi control of Mocha heightens risks around Bab el-Mandeb, a Red Sea route central to oil supply, shipping decisions and U.S. Iran strategy.
The U.S. Senate advances a bipartisan sanctions bill empowering the President to impose steep tariffs on Russia, impacting energy trade and corporate risk strategies.
The U.S. and Iran agreed to halt attacks until June 30 ahead of talks on restoring navigation through the Strait of Hormuz, a vital energy corridor facing ongoing security challenges.
The U.S. has sanctioned Cuba’s state oil company CUPET, intensifying pressure on the communist regime amid a severe economic crisis worsened by disrupted Venezuelan oil supplies.
Russia warns Armenia that its growing ties with the EU may lead to suspension of duty-free gas and petroleum imports, threatening critical energy cooperation agreements.
The US Treasury has ended its temporary waiver on sanctions for Russian oil shipments, prompting strategic reassessments among energy sector executives and boards.
Russia's Deputy Foreign Minister says the UN proposal to monitor the Strait of Hormuz lacks support from key parties and its future is uncertain.