Oil

"The pathway to bring gasoline and diesel prices back down is to get more oil flowing through the Strait of Hormuz," US Energy Secretary Chris Wright said in an interview.

Chevron Studio Israel will fund and mentor early-stage technologies from Israeli universities and research institutions, with a focus on AI, cybersecurity, hydrogen, and lower-carbon energy solutions.

The tanker, which had sailed from Russia's Arctic port of Murmansk, was suspected of flying under a false flag and was intercepted with support from Britain, French President Emmanuel Macron said.

One such strike was on the Asaluyeh petrochemical complex, and was carried out with Israel, the WSJ wrote, and led to international condemnation.

The ships receiving the oil are often part of Iran’s “shadow fleet,” a fleet of old, rusting tankers that obscure their owners and may switch their flags to those of countries with little oversight.

As attacks spread across Gulf energy infrastructure, Iran may discover its own oil economy cannot survive prolonged attrition.

The strike in Yaroslavl is the latest attack on Russian oil facilities this year. Zelensky stated that Ukrainian forces had struck another oil refinery in Syzran for the eleventh time

Any decision to launch a mission would require the approval of all NATO's 32 members, and several have already signaled opposition.

“Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes,” said Scott Bessent, Secretary of the Treasury.

Ships transiting the Strait of Hormuz now face tolls and strict Iranian oversight as Tehran launches the Persian Gulf Strait Authority, with JPMorgan forecasting 11‑figure annual revenue from tolls.