The United Kingdom Maritime Trade Operations (UKMTO) said an oil tanker was hit by a projectile and caught fire near Oman overnight on Monday. The incident occurred about 8 nautical miles east of Limah, with no casualties or environmental damage reported. “Authorities are investigating. Vessels are advised to transit with caution and report any suspicious …
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The United States Justice Department (DoJ) and Federal Trade Commission (FTC) are monitoring the oil and gasoline market for potential manipulation, CBS News reported on Friday, citing a letter by department officials to US states. DoJ Associate Attorney General Stanley Woodward and FTC Chairman Andrew Ferguson stated that the recent price volatility triggered by the …
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Saudi Arabia is taking the unusual step of selling millions of barrels of oil on an ad-hoc basis to customers in Asia, illustrating the complex task of restoring flows throttled by the Iran war. State-run energy giant Saudi Aramco has sold at least 6 million barrels of crude on a so-called spot basis on three …
Washington is pulling the plug on its high-visibility heavy bomber operations in Europe. US Central Command has confirmed the withdrawal of six nuclear-capable B-52 Stratofortress strategic bombers from Britain’s RAF Fairford base, departing in two groups of three. While the massive warplanes were used to rain down ordnance on Iranian targets during weeks of high-intensity …
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The United States administration is unfreezeing Iran’s assets to convince Tehran to abandon the idea of charging tolls for transiting the Strait of Hormuz, the Wall Street Journal reported on Thursday, citing people with knowledge of the matter. According to the report, negotiations were initially moving forward toward the release of the $6 billion in …
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The United States Central Command (CENTCOM) is considering moving its military bases’ operational systems in Bahrain, Kuwait, and Saudi Arabia to Israel in order to increase their distance from further Iranian missile and drone attacks, The US Navy may revamp its base in Bahrain, which has suffered severe damage since late February up until the recent …
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Inventory Data for the week ending June 26, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.8 million barrels from the previous week. At 408.4 million barrels, U.S. crude oil inventories are about 7% below the five-year average for this time of year. U.S. crude oil refinery inputs …
The U.S. Marine Corps thus far has received six F-35B fighters without radars, as the service waits on Northrop Grumman‘s delivery of the AN/APG-85 radar, which is to replace the current APG-81, also by Northrop Grumman. “The Marine Corps has been accepting airplanes with no radar in it, is that correct?” Sen. Mark Kelly (D-Ariz.), …
The United States and Iran reached a preliminary agreement to release $3 billion of Iranian frozen assets, Saudi news outlet Al-Hadath reported on Wednesday, citing sources familiar with the technical talks that started today in Doha, Qatar. Meanwhile, Iranian Foreign Ministry spokesperson Esmail Baghaei previously said that the two countries will be discussing the implementation of …
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United States President Donald Trump has considered resuming full-scale military action against Iran but has chosen to continue diplomatic talks for now, the Wall Street Journal reported, citing US officials familiar with the matter. Officials said Trump held several rounds of talks with US Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of …
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