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Iran vowed on Tuesday that not one litre of oil would be exported from the Gulf while the United States and Israel continue their bombardment, as the United Arab Emirates closed its biggest oil refinery after a drone attack. Oil prices have surged since Iranian attacks on shipping closed the Strait of Hormuz in the wake of a US-Israeli strikes that killed Tehran's supreme leader but fell back somewhat on Monday when US President Donald Trump suggested the war would soon end.

Oil Markets Face ‘Catastrophic’ Risk if Strait of Hormuz Remains Closed  Caspianpost.com

IRGC Identifies Ships Permitted to Pass Through Strait of Hormuz  Caspianpost.com

India diverts gas to priority sectors after Strait of Hormuz closure India has activated emergency measures to redirect natural gas supplies to priority sectors after liquefied natural gas shipments through the Strait of Hormuz were disrupted, according to a government notification. Authorities said gas will be diverted away from non-essential users to protect key industries and services that depend heavily on the fuel. India consumes about 195 million standard cubic metres of gas per day and relies on imports for roughly half of that demand. Before the closure of the Strait of Hormuz and Qatar’s declaration of force majeure on shipments, the country was receiving around 60 million standard cubic metres of gas per day from Middle Eastern suppliers.

The Strait of Hormuz: Energy's Achilles' Heel  JAPAN Forward

Consequences for global oil markets could be 'catastrophic' if Hormuz closure continues, Aramco chief says  Reuters

Saudi Aramco CEO warns prolonged conflict risks oil supply Saudi Aramco’s chief executive warned that prolonged instability in the region could have severe consequences for global oil markets. He said the longer the turmoil continues, the more damaging the impact will be on global energy supplies and prices. Meanwhile, Saudi authorities said air defences intercepted and destroyed a drone east of al-Kharj Governorate. The Saudi Civil Defence also reported that another drone crashed in a residential area in al-Zulfi Governorate, causing property damage.

European markets head for another negative open as oil prices remain elevated  CNBC

Live updates: Iran’s next supreme leader is named as oil prices soar  CNN

The French pocket super-carrier that could help shield Hormuz  SMH.com.au

Strait of Hormuz: Gulf states’ food security is at immediate risk but wider shortages could push up consumer prices globally  Insight News

Asian shares have rebounded from their sharp declines a day before

Australian Prime Minister Anthony Albanese said missiles and reconnaissance plane will be sent to region.

Video: Strait of Hormuz threat impacts global oil prices  CNN

Ships brandish China links to weave through Strait of Hormuz  The Japan Times

GPS jamming has made navigation hazardous in the Gulf, spurring efforts to develop alternatives.

Martin Lewis has issued advice for those worried about their energy bills amid fears the war in the Middle East will spark another cost-of-living crisis in the UK, with fuel prices set to soar.

More than half of the 62 million people in the six Gulf Cooperation Council (GCC) countries are foreign workers.

There's another big reason why shipping companies and insurers aren't willing to risk the Strait of Hormuz  CNBC