Uganda National Oil Company nominates Vitol to market crude oil ahead of commencement of exports next year
Uganda’s crude will be transported through the East African Crude Oil Pipeline to the Port of Tanga in Tanzania, where the pipeline and associated export terminal are nearing completion.
Tehran warns Washington ‘any attack against Iran’s interests and security will receive a faster, heavier and morepainful response’
Tehran has shown it retains the capability to attack US interests in neighbouring countries and to shut down oil flows through the Strait of Hormuz, through which a fifth of global oil supplies flowed prior to the conflict.
US forces hit and destroy three Iranian oil tankers after IRGC attack on American naval ships
The exchange of attacks follows an escalation in the past week that threatens to deepen a conflict that has dragged on since the US launched strikes on Iran in February, disrupting global energy supplies and drawing opposition from a majority of Americans before congressional elections in November.
Uganda’s preparation for oil exports includes state naming crude oil blend ‘Pearl Sweet’ as production nears
Uganda is estimated to have recoverable oil reserves of roughly 1.6 billion barrels. The investors are French oil company TotalEnergies, which owns the largest stake, and China National Offshore Oil Corporation, or CNOOC.
Iran’s health minister says US attacks have killed 18 people, wounded 108 in Tuesday night’s strikes
The return of combat operations has alarmed countries throughout the region, as Iran launched missile and drone attacks against what it said were US assets in Bahrain, Jordan, Kuwait and Iraq. Kuwait’s army reported further missile and drone attacks early on Thursday, saying they were intercepted by air defence systems.
Contradictions in Washington statements on Iran as Trump says no talks planned, Tehran says Strait of Hormuz still shut
A temporary ceasefire agreement expired on Monday and a senior Iranian official said that his country was moving to a “fully offensive” military posture due to the diplomatic stalemate, though there were no reports of fresh strikes by either side on Tuesday.
US Defence Secretary Pete Hegseth lawmakers war in Iran has cost the Washington $37.5 billion so far
Both Republican and Democratic lawmakers have complained since the US and Israel began bombing Iran on February 28 that Trump and his team have not kept them informed about the conflict or his plans.
Panicky Iran announces tankers on fire in Strait of Hormuz as Houthis impose Saudi naval blockade
Bab el-Mandeb is a narrow waterway linking the Red Sea to the Gulf of Aden through which Saudi oil exports and a substantial share of global shipping pass. Any serious interference at Bab el-Mandeb, coming after months of disruption in the Strait of Hormuz, would raise the prospect that both of the region’s major oil export routes could be shut simultaneously.
How Iran’s war with US and Israel is pushing some 23.4 million Nigerian children into monetary poverty
Children relapsing into malnutrition has become an increasingly common occurrence in the state and across northern Nigeria, according to local health and aid workers, who cite knock-on effects from the Iran war.
Why US-Israel war with Iran is a boon to Iraq: Oil majors say it is ‘fantastic potential from a resource perspective’
Jake Spiering, a Chevron president of corporate business development, told the Chamber event that his company will be investing in a pipeline to avoid the Strait of Hormuz and create another export route out of Iraq. Such a pipeline could transport Iraqi oil to the west coast of Syria which is on the Mediterranean Sea.