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From Aljazeera RSS Feed: UAE to accelerate oil pipeline project to bypass Strait of Hormuz

The second pipeline project comes as global energy supplies remain under pressure and flows through the Strait of Hormuz remain severely limited

The U.S. has been restricting oil shipments to Cuba since January, plunging the country into blackouts lasting days at a time.

From CNBC: Oil prices jumps after Trump says China agreed to buy U.S. crude following Xi talks

From CNBC: Oil struggles for direction as IEA flags greater volatility ahead, OPEC cuts demand forecast

The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.

CPI gas price index has surged 28% from a year ago, while overall energy costs are up nearly 18%, new inflation data shows.

Disruptions from the Middle East conflict pose a risk to India's economic growth and inflation.

Governments in the Global South are among the least prepared to respond to the oil shock caused by the Iran war.

Europe's oil supermajors highlighted trading contributions as they reported stronger-than-expected profits through the first three months of the year.

Oil prices rose Tuesday amid concerns over a prolonged Middle East conflict after President Trump's comments that the ceasefire with Iran is on "life support"

Oil inventories are rapidly drawing down as the Strait of Hormuz remains closed, Saudi Aramco CEO Amin Nasser said.

This week on "Face the Nation with Margaret Brennan," amid the fragile ceasefire with Iran, Energy Secretary Chris Wright and Democratic Sen. Mark Kelly join. Plus Democratic Rep.…

Modi appealed to Indians to cut fuel use, overseas travel and gold purchases as the Middle East conflict exposes India’s heavy reliance on imported energy.

From CNBC: Oil climbs as Netanyahu and Trump remarks stoke worries over rising Middle East tensions

Aramco says its East-West pipeline has helped to mitigate the energy shock caused by the Iran war.

The shaky U.S. ceasefire with Iran has been repeatedly undermined this week, even as President Donald Trump insists it remains in effect.

Rising fuel costs in Yemen force drivers to raise fares, as passengers struggle with worsening financial burdens.

Traders are embracing the “NACHO” trade, betting Hormuz disruptions and elevated oil prices will persist longer than expected.