Iran has seized vessels and increased control over the Strait of Hormuz, raising new concerns over disruptions to global oil and LNG shipments through the key energy corridor.
Iraq has approved a targeted bidding process for its $4.6 billion Basra–Haditha oil pipeline, a major project aimed at expanding export routes and strengthening crude transport capacity.
JAPEX is facing rising LNG procurement costs and halted oil production in Iraq as disruptions tied to Middle East tensions impact supply and operations.
The Iran war has removed more than 500 million barrels of oil from global supply, disrupting flows and delaying recovery across key energy infrastructure.
Turkey’s long-term gas pipeline contract with Iran is nearing expiration, raising supply questions as no negotiations have begun on a potential extension.
The Strait of Hormuz has reopened to commercial shipping following a ceasefire, allowing oil and LNG flows to resume. However, supply recovery is expected to take weeks, with risks remaining amid ongoing geopolitical tensions and a continued U.S. military presence.
Disruptions to oil and LNG flows through the Strait of Hormuz continue as uncertainty surrounds U.S.-Iran peace talks. The prolonged constraints are tightening global supply and increasing reliance on alternative export routes and inventories.
U.S. LNG is stepping in to replace disrupted Qatar supply, with new export capacity helping stabilize global gas markets. The shift highlights growing reliance on U.S. LNG to fill emerging supply gaps.
Global energy agencies warn that oil and gas supply disruptions from the Middle East conflict could persist as Strait of Hormuz shipping remains below normal. Infrastructure damage and constrained flows may continue to impact global markets even after routes reopen.
Saudi Arabia has restored full 7 million bpd capacity on its East-West crude pipeline following attack-related disruptions during the Iran conflict. The pipeline, a key export route bypassing the Strait of Hormuz, resumed operations after damage temporarily reduced throughput and oil production capacity.
Rising tensions in the Strait of Hormuz are disrupting global energy flows, prompting Japan to release emergency oil reserves as supply risks escalate.
Attacks on Saudi energy infrastructure have cut oil output and reduced flows through the East-West pipeline, raising concerns about supply disruptions and global market stability.
ExxonMobil expects Middle East disruptions to cut first-quarter production and reduce refinery throughput, highlighting ongoing impacts to global oil and LNG operations.
Tanker demand is surging as the Strait of Hormuz prepares to reopen following a U.S.-Iran ceasefire, with shipping rates spiking and Middle East crude flows to Asia set to resume amid lingering risks.
Iraq has approved a targeted bidding process for its $4.6 billion Basra–Haditha oil pipeline, a key project aimed at expanding export routes beyond the Strait of Hormuz.
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