US President Donald Trump has said that he is going to keep Iran under a naval blockade until the regime agrees to a deal that addresses US concerns about its nuclear programme.
Oil prices went up further on Wednesday, extending a multi-day rally, as the Iran and US blockades of the Strait of Hormuz continued.
The sharp rise in global air cargo rates following the outbreak of war involving the US, Israel and Iran is showing signs of slowing, as a fragile ceasefire allows capacity to gradually return to Middle East markets. The recovery was led by Gulf markets, where the capacity shortfall narrowed to 46% from 53%.
SLB has entered into a definitive agreement to acquire the geoscience and petroleum engineering software business portfolio of S&P Global Energy, a provider of subsurface software widely used by US onshore and unconventional operators.
US President Donald Trump on Saturday cancelled a trip by two US envoys to Pakistan, stating that he no longer plans to send a US delegation to Pakistan this weekend, blaming 'infighting' in Iran for derailing potential talks and saying the trip would have been “too much work.”
Fresh diplomatic momentum is building around possible talks between the United States and Iran, with both sides signalling cautious openness even as they stop short of confirming direct engagement.
Etihad Airways, the national airline of the UAE, is accelerating its growth in the United States with two major enhancements to its North American network, increasing capacity and connectivity across key markets.
QatarEnergy marked its first LNG export from the Golden Pass project in Texas, a joint venture with ExxonMobil, as a milestone toward full operations, with cargo loaded onto the new 174,000-cubic-meter Al-Qaiyyah carrier.
Conflict between the US, Israel and Iran has disrupted Strait of Hormuz shipping, exposing limited export alternatives. Existing pipelines offer partial relief, while proposed routes face major political, security and financial challenges.
Hours before the US-Iran ceasefire was to end, US President Donald Trump said he is extending the truce until Tehran has submitted a proposal to end the war.
