State-run Pakistan LNG Limited (PLL) has approved a revised bid of $18.4 per million British thermal units (mmBtu) from TotalEnergies for delivery between April 27 and 30, while rejecting all other bids, it emerged on Saturday. TotalEnergies had initially bid $18.88 per mmBtu but later revised its offer downward to $18.4 following negotiations. After internal […]
Hormuz
Hormuz chaos overshadows US-Iran peace deal hopes
At least two merchant vessels reported they were hit by gunfire as they attempted to cross the Strait of Hormuz on Saturday, three maritime security and shipping sources said, shortly after Iran said it was once more tightening control of the waterway. Some merchant vessels received a radio message from Iran’s Navy that the vital […]
US, Iran eye Islamabad for fresh talks as Hormuz blockade tightens
The blockade over an artery responsible for one-fifth of the global oil traffic began with a warning crackling over the radio: “Do not attempt to breach the blockade. Vessels will be boarded for interdiction and seizure…Turn around or prepare to be boarded. If you do not comply…we will use force.” The message, posted by US […]
Oil under pressure as US blockade of Hormuz begins
The United States Naval blockade begins in the Strait of Hormuz after the deadline of 7 pm (10 am ET). A blockade was imposed on all the ships entering or leaving Iranian ports. After the deadline, Trump warned on the Truth Social platform about the blockade. ” If any of these ships come anywhere close […]
Trump announces Strait of Hormuz blockade after peace talks falter
United States President Donald Trump on Sunday thanked Pakistan for hosting talks between Washington and Tehran in Islamabad, while announcing that the US Navy would begin blockading the Strait of Hormuz after negotiations failed to produce a breakthrough. The US and Iran were unable to reach an agreement to end their war despite marathon negotiations […]
Trump says US forces are ‘clearing’ Strait of Hormuz
States military has started to clear the Strait of Hormuz, and that all of Iran’s minelaying ships have been sunk. “We’re now starting the process of clearing out the Strait of Hormuz,” Trump wrote in a social media post, adding that “all 28” of Iran’s “mine dropper boats are also lying at the bottom of […]
Pakistan receives first container ship via Hormuz since Iran war began
Pakistan’s Karachi port has received its first container vessel to transit the Strait of Hormuz since the beginning of the Iran war on Feb. 28, officials said on Saturday, marking a shift after weeks in which cargoes bound for the country were rerouted outside the strategic waterway. The development comes as US and Iranian delegations […]
Trump issues expletive-laden threat to Iran, demands opening of Hormuz
US President Donald Trump on Sunday issued a stark warning to Iran, threatening strikes on power plants and critical infrastructure in a profanity-laced post on Truth Social. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran,” Trump said on Social Truth. Meanwhile, the United States rescued an airman […]
OPEC+ agrees to boost oil output when Hormuz reopens
OPEC+ agreed on Sunday to raise its oil output quotas by 206,000 barrels per day for May, a modest rise that will largely exist on paper as its key members are unable to raise production due to the US-Israeli war with Iran. The war has effectively shut the Strait of Hormuz – the world’s most […]
Oman, Iran discuss smooth transit in Strait of Hormuz, Muscat says
Oman and Iran ??have held deputy foreign ??minister-level talks, discussing options to ensure the smooth transit of vessels through the Strait of Hormuz, according to the Omani Foreign Ministry. The meeting was held “at the level of undersecretaries in the foreign ministries of the two countries”, the ministry said on Sunday in a post on […]