Russia banned diesel exports this week, exacerbating global shortages of the industrial fuel and sending prices soaring. Diesel accounts for the largest share of global oil consumption and soaring prices can ripple through the global economy. Russia is the world's second-largest diesel exporter after the US. Its exports were already slowing due to domestic shortages left by Ukrainian drone attacks. US government data showed an inventory draw of more than 4.5 million barrels of diesel last week.
Residents of Pakdasht and Qiyamdasht reported hearing an explosion in the eastern part of Tehran province. The source and exact location of the explosion is not immediately known. Iran insists it has "kept its word" on the ceasefire with the United States. President Donald Trump agreed to further negotiations with Iran.
Timing is the most important factor in the development of energy diplomacy in the Middle East. Global energy transition is accelerating, governments are investing heavily in renewable energy, electric mobility and low-carbon technologies, and climate change policies are reshaping investment priorities. Qatar invested in LNG before LNG facilities, specialised shipping fleets and long-term commercial partnerships to build an export system designed for a future market.
Donald Trump claims that the US has pre-authorised a strong military response against Iran if there is an assassination attempt on him. Commercial traffic through the Strait of Hormuz remained low for the third straight night between July 9 and 10. Pakistan PM Shehbaz Sharif held talks with the leaders of Iran and Qatar in an effort to revive the stalled US-Iran negotiations.
Hakan Fidan is the Foreign Minister of Turkiye. He is critical of Israeli Prime Minister Benjamin Netanyahu's policies and government. Fidan believes the ceasefire between Iran and the US could hold despite US President Donald Trump’s claim that it was “over”
Iranian Supreme Leader Mojtaba Khamenei vows to avenge the killing of his father, Ali Khamenei, who was mourned in funeral events throughout Iran this week. U.S. officials want Iran to make a public statement saying the Strait of Hormuz is open and that ships crossing the vital corridor won't be attacked. Iran has not submitted to the demands. Iran's foreign minister travels to Oman for more talks.
Europe is studying proposals to charge navigational fees in the strait of Hormuz. The proposal adapted from the Malacca strait has already been developed by Oman. Muscat will send legal experts to Tehran to explain the plan in detail. Iran's foreign minister will travel to Oman on Saturday to discuss the issue. Iran is under pressure from regional states to clarify its proposals.
Russia banned diesel exports this week, exacerbating global shortages of the industrial fuel and sending prices soaring. Diesel accounts for the largest share of global oil consumption and soaring prices can ripple through the global economy. Russia is the world's second-largest diesel exporter after the US. Its exports were already slowing due to domestic shortages left by Ukrainian drone attacks. US government data showed an inventory draw of more than 4.5 million barrels of diesel last week.
Residents of Pakdasht and Qiyamdasht reported hearing an explosion in the eastern part of Tehran province. The source and exact location of the explosion is not immediately known. Iran insists it has "kept its word" on the ceasefire with the United States. President Donald Trump agreed to further negotiations with Iran.
Timing is the most important factor in the development of energy diplomacy in the Middle East. Global energy transition is accelerating, governments are investing heavily in renewable energy, electric mobility and low-carbon technologies, and climate change policies are reshaping investment priorities. Qatar invested in LNG before LNG facilities, specialised shipping fleets and long-term commercial partnerships to build an export system designed for a future market.
Donald Trump claims that the US has pre-authorised a strong military response against Iran if there is an assassination attempt on him. Commercial traffic through the Strait of Hormuz remained low for the third straight night between July 9 and 10. Pakistan PM Shehbaz Sharif held talks with the leaders of Iran and Qatar in an effort to revive the stalled US-Iran negotiations.
Hakan Fidan is the Foreign Minister of Turkiye. He is critical of Israeli Prime Minister Benjamin Netanyahu's policies and government. Fidan believes the ceasefire between Iran and the US could hold despite US President Donald Trump’s claim that it was “over”
Iranian Supreme Leader Mojtaba Khamenei vows to avenge the killing of his father, Ali Khamenei, who was mourned in funeral events throughout Iran this week. U.S. officials want Iran to make a public statement saying the Strait of Hormuz is open and that ships crossing the vital corridor won't be attacked. Iran has not submitted to the demands. Iran's foreign minister travels to Oman for more talks.
Europe is studying proposals to charge navigational fees in the strait of Hormuz. The proposal adapted from the Malacca strait has already been developed by Oman. Muscat will send legal experts to Tehran to explain the plan in detail. Iran's foreign minister will travel to Oman on Saturday to discuss the issue. Iran is under pressure from regional states to clarify its proposals.