Strait of Hormuz

THE BOTTOM LINE

From Hormuz to home-grown power: Why the Middle East crisis strengthens the case for investing in Asia renewables

Forward-looking investors are backing companies that can orchestrate the entire energy system

Iran has appeared to firm up its control over the Strait of Hormuz, according to sources.

Trump says he doesn’t need China’s help to end Iran war

The US president is due to discuss the war with Xi this week

Consumers in China can tap domestic production and overland pipeline supply, which reduces the need for LNG.

China LNG imports hint at recovery as buyers replace lost supply

The country’s petrol sector is better insulated from the disruptions due to sellers from Canada to Nigeria

International Energy Agency executive director Fatih Birol says continued trade disruption risks pushing oil and petrol prices even higher.

Iran war undermines trust in Hormuz transit: IEA’s director Birol

The double blockade by the US and Iran of the waterway affects more than energy markets, from farm inputs to air travel

Addressing whether combat operations against Iran were over, US President Trump said on May 10: “They are defeated, but that doesn’t mean they’re done.”

Trump rejects Iran’s response to US peace proposal as ‘unacceptable’; oil prices jump

Iran proposed diluting some of its uranium and transferring the remainder to a third country: report

The sharp retreat provides a counterintuitive backdrop to warnings that the oil market is barrelling towards a crisis point, possibly in a matter of weeks.

Prices of physical oil cargo plunge, with some buyers holding back in anticipation of US-Iran deal

Traders warn that the calm may be short-lived, raising the risk that physical prices may soar again

The disruption has upended oil and gas markets, sending fuel prices soaring and putting pressure on consumers worldwide.

UK, France to host multinational meeting on mission to escort ships through Strait of Hormuz

Iran has effectively shut the waterway after war erupted with US-Israel strikes on Feb 28

The passage has remained largely empty of commercial vessels on Tuesday, traffic dropped off dramatically since the US and Israeli war against Iran began on Feb 28.

US unveiled plan to reopen Strait of Hormuz hours before Trump shelved it

The US president’s under increasing pressure to end a war that’s grown increasingly unpopular

The Trump administration says that it wants to ensure that Iran can never obtain a nuclear weapon.

Trump says reopening of Strait of Hormuz ‘paused’, even as ceasefire remains

About 1,600 ships remain stranded in dangerous conditions at the strait