News

Understanding Iran's Strait of Hormuz, and why Europe may be facing a Ukraine-like energy crisis again  Fortune

At Least 3 Ships Are Struck In and Around a Key Oil Passage  The New York Times

The move would mark the agency's largest ever release of oil reserves to stabilize the global market.

The move would mark the agency's largest ever release of oil reserves to stabilize the global market.

Cargo ships hit in Persian Gulf shipping lane crucial to oil market  The Washington Post

Middle East crisis: Iran confirms strike on Thai vessel in Strait of Hormuz; 3 crew members missing  The Times of India

Cooking gas shortages are already forcing eateries to close as industry bodies warn of widespread economic damage in a country that imports the bulk of its oil and gas. Namita Singh reports

Al Jazeera visited the first women-only mosque in the Middle East, in the Qatari capital Doha.

Three ships in the Persian Gulf and Strait of Hormuz were struck in separate incidents on Wednesday, according to a British agency, as war in the Middle East expands. Follow live updates.  facebook.com

Recent attack on plants led to fears of escalating strikes, but Iran knows drought has left it equally vulnerable Middle East crisis – live updates In 1983, the CIA determined that the most crucial commodity in the Gulf was its desalinated potable water. Although the loss of a single plant could be handled, “successful attacks on several plants in the most dependent countries could generate a national crisis that could lead to panic flights from the country and civil unrest”. And the greatest threat to the region’s water supply? “Iran.” Continue reading...

Germany and Austria say they are releasing parts of their oil reserves following an International Energy Agency request for its members to release 400 million barrels to help temper energy price spikes due to the Iran war

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DUBAI, March 11 (Reuters) - Three vessels have been hit by unknown projectiles in the Strait of Hormuz, maritime security agencies and sources said on Wednesday, as one of the strikes led to a fire onboard a ship and forced most of its crew to evacuate it. The Thailand-flagged bulk carrier Mayuree Naree was targeted and damaged approximately 11 nautical miles north of Oman, two maritime security sources said.

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Thai navy says cargo ship attacked near Strait of Hormuz  South China Morning Post

The Group of Seven advanced economies inched closer Wednesday to tapping strategic oil reserves to tackle the rise in crude oil prices due to the Middle East war as energy ministers said they stood ready to take "all necessary measures". The announcement came before G7 leaders were set to discuss the widespread economic fallout from the US-Israeli war with Iran, now into its second week, at a video conference meeting chaired by French President Emmanuel Macron.

A Thai bulk carrier travelling in the crucial Strait of Hormuz was attacked Wednesday, with 20 crew members rescued so far, the Thai navy said. Photos shared by the Royal Thai Navy showed heavy black smoke billowing from the hull and superstructure of the Thai-registered Mayuree Naree, with life rafts floating in the water. The vessel "was attacked while transiting the Strait of Hormuz" after departing Khalifa port in the United Arab Emirates, the navy said in a statement. "The specific details and cause of the attack are currently under investigation," it added.

Japan and Germany said Wednesday they would tap into their oil reserves to tackle the rise in crude prices due to the Middle East war, with Berlin saying the IEA global energy body had asked member states to release 400 million barrels. France, the current chair of the Group of Seven countries, said nations were coordinating their steps as G7 energy ministers said they stood ready to take "all necessary measures".

Oil prices rise again as more vessels attacked near the Strait of Hormuz  CNN

Thailand says 3 crew missing after ship hit by projectiles in Strait of Hormuz  Reuters