Oil

WORLD AFFAIRS: This week, former Spanish prime minister José Luis Rodriguez Zapatero will make history as the first person of his standing to appear before the National Court.

The MOU would extend the ceasefire for 60 days, including in Lebanon, during which time nuclear negotiations would be held, according to an Axios report.

The deaths are the first reported since the blockade began on April 13, operations which have seen the US disable eight ships and turn back more than 100 others.

Backup supplies from SOCAR are giving Egypt and Jordan alternatives when Israeli gas exports are disrupted, while keeping Israel linked to regional customers that may avoid direct purchases.

"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.