Every LNG cargo Belgium took in July came from Russia, as imports collapsed after Iran war
Belgium’s LNG intake plunged, yet every cargo it received in July came from Russia while European purchases from Moscow continued rising.
Browsing Tag
Strait of Hormuz
17 posts
Ukraine’s reserves fell for four months. Oil eased for one, and they grew back.
The buffer that drained all spring just grew again. A new spike in oil prices says not for long.
Europe weighs freezing Russia’s oil price cap as the Iran war threatens to loosen it
Brussels could override the automatic formula that would otherwise let the ceiling jump from $44.10 to at least $65 a barrel in July, Bloomberg says.
Washington lets the Russian oil loophole expire, ending months of seaborne sanctions relief
Senators from both parties had pressed the administration to drop the carve-out that critics said funneled billions into Moscow's war chest.
“Anyone who tries to break through, we will shoot” — a Ukrainian sailor describes two months at anchor in the Strait of Hormuz
A Ukrainian chief mate describes two months stranded near the Strait of Hormuz: a $2mn passage toll, $13,000 water deliveries, and Iranian warnings over VHF radio.
The Gulf realigns as the UAE walks out of OPEC
Less oil money for Moscow. The architecture is fracturing—but no Kremlin collapse.
BREAKING: UAE walks out of OPEC after six decades. Russia’s oil revenue takes the hit.
Iran war reorders the Gulf. Moscow’s price floor cracks.
Senate Democrats challenge Russian oil waiver—Moscow revenues hit two-year high
A Delaware senator walked the Treasury Secretary through the loop. The March oil numbers closed it.
Ukraine says it is ready joining multinational mine-clearing operation in Strait of Hormuz
Both Ukrainian vessels carry crews that have already completed training and passed NATO interoperability assessments.
Oil jumped 8% as Trump’s Hormuz blockade undid the ceasefire crash
Talks collapsed in Pakistan. A naval blockade replaced a truce. For Russia’s war revenues, the brief window of relief is over.
Best drone tech in world is in Ukraine. But it’s running out of time to export it, says UK defense chief
Ukraine's drones go global.
Oil posts biggest crash since 1991—but the Gulf ceasefire has two versions
Brent fell 15%. Missiles kept flying. Iran’s “open” Strait comes with a $2 million entry fee.
Russia talks compromise, demands capitulation — and is lying to Trump while preparing more occupation, Zelenskyy says
Moscow's logic is internally consistent but strategically unacceptable: Ukrainian withdrawal would stop Russian casualties while giving Russia the foothold it needs for further occupation.
UAE says it would join Hormuz fight as Iran fires 2,500 missiles at Dubai
A country that was mediating between Washington and Tehran as recently as February is now lobbying for a military coalition to seize Iranian-held islands and clear the Strait of Hormuz by force — a strategic about-face driven by nearly 2,500 Iranian missiles and drones that have hit Dubai's airports, hotels, and airline routes.
Europe faces its emptiest storage in years as the pre-war gas cushion runs out
The pre-war cushion ends this week. Pakistan goes dark by the end of the month. Europe may reverse its Russian gas ban to survive what comes next.
We scored every way the Iran war hits Ukraine. Two gains, eight losses.
We scored every military, economic, and geopolitical factor. The result isn't close.
Brent at $100, Urals at $91: the Iran war handed Moscow its best oil week in years
Washington is fighting Iran and bankrolling Moscow at the same time.