INSANE: Hormuz | Vintage Vibes

Gulf states working on multipart peace deal to avert renewal of US-Iran war

Talks are aimed at reopening strait of Hormuz and lifting sanctions on Iran, and for Houthis to withdraw in Yemen

The Guardian - UK · 8h ago

Saudi Arabia wants to send 10 million barrels of oil a day around Hormuz. A former Treasury official says it may barely move prices

Aramco CEO Amin Nasser says the East-West pipeline will grow by 3 million barrels a day, but the expansion will take two to three years, and the line has been hit by drones repeatedly this year.

Fortune · Oct 23

Oil spill hits UAE beaches as tanker attacks multiply near Hormuz

The UAE’s Ministry of Climate Change said teams were deployed to contain a spill affecting Umm Al Quwain’s beaches, days after a tanker was struck by a projectile off the UAE coast, causing a fire.

Euronews · Oct 23

The Strait Of Hormuz Could Become Redundant In Five Years as Countries Build Alternatives, HSBC CEO Says

The region has $872 billion in identified infrastructure project packages, part of a wider $1.4 trillion pipeline of planned projects.

International Business Times · Oct 20

Iran Threatens 'World's Internet' as Revolutionary Guards Spokesman Shares Apparent AI-Generated Missile Image

Iran's Revolutionary Guards pointed to undersea cables beneath the Strait of Hormuz in a veiled warning, though analysts say any disruption would be regional rather than global.

International Business Times UK · Oct 19

Texas Crude Closes at $101 for the First Time in a Month: Hormuz Mines, Houthi Missiles and Ukraine Drones

WTI crude jumped 3.5% to $101.41 on Oct. 16 as Hormuz mine attacks, Houthi airport strikes and a Siberian drone hit rattled energy supply.

Latin Times · Oct 17

The disturbing ‘new normal’ in the Strait of Hormuz: Attacks on ships at a record high and oil at $100 a barrel

IN FOCUS: With the prospect of peace in the Middle East looking increasingly remote ahead of the US midterm elections, oil prices remain stubbornly high and attacks have intensified rather than settled. Experts tell Maira Butt that the conflict is in a dangerous limbo

The Independent UK · Oct 17

Ship captains and crews transiting the Strait of Hormuz make so much danger pay that they're 'almost being viewed as mercenaries'

Tanker captains can earn $100,000 a month for transiting the strait, plus a $50,000 bonus for each trip, and sailors can make at least four to six times their normal rates.

Fortune · Oct 10

Hormuz Attacks and Hurricane Isaias Underpin Crude Prices

November WTI crude oil (CLX26 ) closed up +0.36 (+0.39%) on Friday, and November RBOB gasoline (RBX26 ) closed down -0.208 (-0.63%). Crude oil and gasoline prices settled mixed on Friday. Crude prices shook off early losses and moved higher Friday on concerns about disruptions to Middle East energy supplies...

Barchart · Oct 9

Crude Prices Climb on Hormuz Attacks and Hurricane Isaias

November WTI crude oil (CLX26 ) is up +0.36 (+0.39%) today, and November RBOB gasoline (RBX26 ) is down -0.257 (-0.78%). Crude oil and gasoline prices are mixed. Crude prices shook off early losses and moved higher on concerns about disruption to Middle East energy supplies after Iran said it...

Barchart · Oct 9