Saudi Arabia
Donald Trump appealed to China and NATO for help in opening the strait. Most countries refrained from sending ships due to the active war.
A serious fire broke out in the port of Fujairah due to a drone attack. The facility is a key hub, supplying 1.7% of the world's daily oil demand.
Saudi Arabia offers customers to receive Arab Light crude oil through the port of Yanbu. Due to pipeline restrictions, buyers will receive only a portion of the volumes.
Oil prices are rising due to possible attacks on Middle Eastern energy facilities and the blocking of the Strait of Hormuz. Brent and WTI futures have reached their 2022 peak.
Zelenskyy proposes military technology exchange with the US and Gulf countries. The potential value of contracts reaches $50 billion.
Iran is considering allowing tankers to pass on the condition that oil is sold in Chinese yuan. Beijing seeks to make its currency dominant in global trade.
The races on April 12 and 19 will not take place due to escalating conflicts in the Middle East. Organizers do not plan to find a replacement for the canceled stages this season.
On the 14th day of the war, Iran threatens energy infrastructure, and the US lost a plane in Iraq. The number of casualties in the region exceeded 2,000 people.
The UN Security Council condemned Iran's strikes on Persian Gulf countries, which destabilize energy markets. Russia and China abstained, and Russia's alternative draft failed.
Near the Strait of Hormuz, three vessels were hit by unknown projectiles. Israel and Iran exchanged massive strikes, affecting residential areas of Tehran.
Brent and WTI prices rose amid market doubts about the IEA plan. The conflict in the Persian Gulf threatens a supply deficit of 15 million barrels per day.
Ukraine plans to send specialists to protect US military bases in Jordan and Saudi Arabia. Zelenskyy confirmed the presence of strong positions.
The Ukrainian delegation is preparing agreements on protection against Iranian drones and the blockade of the Strait of Hormuz. Ukraine shares its air defense experience with partners.
The President stated the need for scarce missiles for Patriot systems. Ukraine also proposes to the US joint production of interceptors within the framework of a drone deal.
Ukrainian specialists arrived in Qatar, UAE, and Saudi Arabia to counter Iranian drones. The missions operate within the framework of security agreements with partners.
The cost of Brent and WTI fell by 4% due to expectations of de-escalation of the conflict with Iran. Trump suggested easing sanctions against Russia to stabilize prices.
Due to shelling of energy infrastructure and the closure of the Strait of Hormuz, Brent crude oil prices reached $120. Israel attacked Tehran in response to drone strikes.
G7 finance ministers will discuss releasing up to 400 million barrels of oil due to shortages. Brent prices jumped to $120 due to the war in the region.
Zelenskyy confirmed the dispatch of specialists to combat Iranian UAVs. Kyiv hopes to receive diplomatic support and new air defense systems.
Due to attacks from Iran, American diplomats have been ordered to leave Riyadh. This is the first such evacuation since the start of airstrikes on Iran on February 28.
The blockade of the Strait of Hormuz and overflowing storage tanks have caused a shortage of raw materials. Analysts predict a historic rise in oil and fuel prices.
Ukrainian specialists will train partners to shoot down Iranian drones. The President confirmed his readiness to share combat experience with Eastern countries.
President Zelenskyy discussed with Mohammed bin Salman protection against Iranian drones. Ukraine is ready to share its experience in combating Shahed attacks.
European suppliers are reducing oil product exports to Ukraine due to an oil shortage. Experts predict a rise in gasoline prices to 80 hryvnias.
The US and Israel attacked over 3,000 targets in Iran. Persian Gulf countries repel hundreds of missiles and drones.
International Energy Agency Director Fatih Birol stated there is a "huge surplus" of oil in the markets, but warned of a potential "gas bidding war" due to the conflict in the Middle East. Oil prices have risen by 50% since the beginning of the year, and the Strait of Hormuz is effectively closed to tankers.
Due to the war in the Middle East and the escalation around Iran, fuel prices in Europe have risen. The highest prices are recorded in the Netherlands, where gasoline costs 2.19 euros per liter.
A week after the war began, the US and Israel exchange strikes with Iran. Persian Gulf countries defend themselves against Iranian attacks, the number of which has decreased.
The cost of oil on international markets recorded its sharpest rise since 2022 due to the active phase of the war in the Persian Gulf. The price of West Texas Intermediate (WTI) jumped 18% in a week.
German Uniper is negotiating with Canada to increase LNG purchases to diversify energy supplies. This will help Germany reduce its dependence on energy resources from the United States.