Both Washington and Tehran traded accusations of violating the ceasefire memorandum signed just last week, as new drone attacks on Bahrain further destabilize the region.
While Washington and Tehran signed a ceasefire, Beijing secured diplomatic victories, energy resilience, and a stronger hand in global influence.
Odessa oilman Kirk Edwards says the world is too focused on today’s oil price and blind to the shrinking emergency cushion that has protected markets for decades. With geopolitical tensions mounting and strategic reserves being drained, the next supply shock could hit harder than many expect.
Yemen’s Iran-aligned Houthis announced a ban on Israeli-linked ships in the Red Sea after renewed Israeli strikes on Iran, reigniting fears over global energy flows. Unlike previous disruptions, Gulf oil exports now rely heavily on Red Sea routes, making any sustained Houthi action potentially more consequential.
An unofficial draft deal circulating via Iranian state media proposes reopening the Strait of Hormuz to pre-war shipping levels within a month, with the U.S. lifting its naval blockade and pulling back forces — though nuclear issues remain conspicuously absent.
Iran's state television reported obtaining a preliminary draft agreement with the United States that would reopen commercial shipping through the Strait of Hormuz and dismantle the American naval blockade, while Tehran insists on verifiable guarantees before any final step.
Russia’s energy sector has been fundamentally reshaped by the war in Ukraine, with oil sales redirected to Asia at steep discounts and natural gas exports suffering what analysts say is permanent damage. Even if peace returns, the country may never reclaim its former global dominance.
Economist Ray Perryman and oilman Kirk Edwards say conflicting signals from the Trump administration—ranging from calls to drill more to efforts that push oil prices lower—have created deep uncertainty for U.S. energy producers.
Indian Prime Minister Narendra Modi met Venezuela’s acting President Delcy Rodriguez on Thursday as New Delhi accelerates efforts to diversify crude supplies amid global energy disruptions and rising geopolitical risks in the Middle East.
As U.S. and Iranian negotiators meet in Switzerland to shore up a fragile interim deal, the Strait of Hormuz re-closes and the true toll—human, financial, and global—comes into sharper focus.
U.S. Secretary of State Marco Rubio’s trip to New Delhi was publicly billed as a Quad foreign ministers’ meeting, but beneath the diplomatic language lay a strategic reassurance mission aimed at mending frayed U.S.-India ties after months of tariff disputes, renewed U.S. engagement with Pakistan, and doubts over the Quad’s relevance.
Tamboran Resources (ASX:TBN) has drawn market attention after delivering a 56.05% one-year total shareholder return, though the stock has cooled 2% in the past month. Trading at A$0.245, the company now commands a price-to-book ratio of 2.5x — well above the industry average of 1.3x and the peer average of 1x. The premium reflects market expectations around future project delivery, but risks including a net loss of A$34.39 million and potential development delays remain front and center.
Maritime security experts warn that hidden Iranian mines may push back full reopening of the strategic waterway for up to 50 days, despite a reported deal.
