News

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.

Iran war: Strait of Hormuz crisis could choke global oil supply within a month, warns Putin  The Times of India

Saudi Aramco beats estimates on fourth-quarter profit, keeps dividends flowing as Iran war threatens oil exports  CNBC

Trump Warns Iran Against Disrupting Oil Flow Through Strait of Hormuz  Kurdistan24

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

Trump: If Iran Blocks Strait Of Hormuz 'they Will Be Hit 20x Harder' | LIVE BLOG  i24NEWS

US President Donald Trump said Monday that he will waive some sanctions on oil to boost supply and bring down prices, due to market turmoil over war in the Middle East. The US-Israel strikes on Iran and Tehran's retaliatory attacks across the Gulf region have upended the world's energy and transport sectors, virtually halting activity in the strategically vital Strait of Hormuz. "We're also waiving certain oil-related sanctions to reduce prices," Trump told reporters after talks with Russian President Vladimir Putin.

Why is the Strait of Hormuz so important? How Iranian attacks on ships could spark chaos in oil and gas markets  AOL.com

Trump: US Considering Taking Control of Strait of Hormuz  Caspianpost.com

Iran opens Strait of Hormuz with conditions amid rising oil prices  Jang

Iran war: Ships brandish China-links to weave through Strait of Hormuz  Hong Kong Free Press HKFP

Oil prices fall as Trump threatens Iran with 'fire and fury' over Strait of Hormuz  BBC

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Vast ship clusters and speeding tankers point to Strait of Hormuz jamming amid Middle East conflict  The Straits Times

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

TEHRAN, Mar. 10 (MNA) – The secretary of Iran’s Supreme National Security Council (SNSC) has reacted to French President Emmanuel Macron's comments on sending warships to reopen the Strait of Hormuz.

Middle East war live: Trump threatens massive US strikes if Iran blocks oil in Strait of Hormuz  France 24

Asian shares have rebounded from their sharp declines a day before