Despite hostile rhetoric Trump let a Russian ship break his blockade – could it herald a Venezuela-style outcome?When a sanctioned Russian oil tanker, the Anatoly Kolodkin, docked at Cuba’s Matanzas oil terminal on Tuesday, unloading 700,000 barrels of crude, it was not immediately clear why the ship had been allowed to pass through Donald Trump’s oil blockade.In January, the US president had proclaimed on social media: “THERE WILL BE NO MORE OIL OR MONEY GOING TO CUBA – ZERO!” yet last week he told reporters, “If a country wants to send some oil into Cuba right now, I have no problem with it” – and waved the Russian ship through. Continue reading...
The attack came hours after Donald Trump threatened to ‘obliterate’ Iran’s energy plants and oil wells unless it opened the strait of Hormuz. Plus, Israel to give death penalty to Palestinians convicted of lethal attacksGood morning.Iran attacked and set alight a fully loaded crude oil tanker anchored at Dubai port, causing damage to the vessel’s hull, in the latest strike on merchant vessels in the Gulf and the strait of Hormuz. The fire was extinguished within hours and no injuries were reported.What has Trump said about the war’s end? He has continued to give mixed messages, threatening to destroy Iran’s energy facilities unless it agrees to peace terms – while simultaneously claiming diplomatic progress in ending the war the US started together with Israel. Iran has accused the US of using diplomacy as a smokescreen to prepare for more attacks.Which countries are most vulnerable to economic shocks? The Philippines, which imports almost all of its crude oil from the Middle East, is particularly exposed to surging prices, which have triggered protests and widespread anger.Why now? The government of Iran, which the US has attacked, is a prolific and sophisticated disinformation actor, while Russian and Chinese influence operations continue to target US allies globally.How would the embassies do it? They have been told to use local influencers, academics and community leaders abroad to make US-funded narratives feel more organic. Continue reading...
Dubai officials said a fire on the Al Salmi tanker had been extinguished and all crew members were safe after drone strikeMiddle East crisis – live updatesHow could US forcibly reopen strait of Hormuz and what are the risks? Iran attacked and set ablaze a fully loaded crude oil tanker at Dubai port’s anchorage, with the strike damaging the vessel’s hull and raising concerns about a possible oil spill.Dubai authorities said the drone attack caused a fire on board that was extinguished early on Tuesday, hours after the attack was first reported. The attack came hours after Donald Trump warned that the US would obliterate Iran’s energy plants and oil wells if it does not open the strait of Hormuz. Continue reading...
Kuwait says fire broke out after Iranian attack on giant tanker and warns of possible oil spill in surrounding watersHello and welcome to our continuing live coverage of the US-Israel war on Iran and its impact on the region, the world and the global economy.Iran attacked and set ablaze a fully loaded crude oil tanker off Dubai on Monday while Donald Trump warned the US would obliterate Iran’s energy plants and oil wells if it did not open the strait of Hormuz.Blasts were heard in Tehran and power cuts hit some areas of the capital, Iranian media reported on Tuesday. Israel earlier carried out missile strikes on what it called military infrastructure in Tehran and infrastructure used by Iran-backed Hezbollah in Beirut, leaving black smoke hanging over the Lebanese capital.Two successive Iranian missile launches targeted central Israel, the Times of Israel reported, quoting the emergency service as saying it had not received any reports of injuries.Turkey reported a ballistic missile launched from Iran had entered Turkish airspace before being shot down by Nato air and missile defences.Oil prices were headed on Tuesday for a record monthly rise while Asian shares were headed for their steepest fall since 2022, capping a tumultuous month as the war fanned fears of higher inflation and slower growth. Bonds were headed for their largest decline in months, while the dollar recorded its strongest gain in eight months.The US national average retail price of fuel crossed $4 a gallon for the first time in more than three years on Monday, data from price-tracking service GasBuddy showed, as tightening global supplies pushed US crude prices above $101 a barrel.Three UN peacekeepers from Indonesia were killed in two separate incidents in southern Lebanon.Thousands of soldiers from the US Army’s elite 82nd Airborne Division have started arriving in the Middle East, two US officials told Reuters. , as part of a reinforcement that would expand Trump’s options to include the deployment of forces inside Iranian territory, even as he pursues talks with Tehran.The White House later said talks with Iran were progressing and Trump wanted to reach a deal with Tehran before a 6 April deadline he set last week after extending an earlier deadline he had set for Iran to open the largely blocked strait of Hormuz oil route.Trump had told aides he is willing to end the military campaign against Iran even if the strait or Hormuz remains largely closed and leave a complex operation to reopen it for a later date, the Wall Street Journal later reported.Iran said on Monday it had received US peace proposals via intermediaries and that they were “unrealistic, illogical and excessive”. Continue reading...
Anatoly Kolodkin could soon discharge at Matanzas port, US official says, three months after Cuba’s last oil importA Russia-flagged tanker carrying Russian crude entered Cuba’s exclusive economic zone on Sunday, according to ship tracking data, in what could be the Caribbean country’s first oil import in over two months.Tanker Anatoly Kolodkin, which departed from Primorsk after loading some 650,000 barrels of Urals crude, could soon discharge at Cuba’s Matanzas port if it does not change its current course, according to tracking services MarineTraffic and LSEG. Continue reading...
US treasury secretary says actions will increase oil supply and bring down prices, but long-term effects in questionThe US may soon remove sanctions on Iranian oil stranded on tankers at sea, the treasury secretary, Scott Bessent, said on Thursday as Washington seeks to curb prices soaring over Iran’s closure of the strait of Hormuz.“In the coming days, we may un-sanction the Iranian oil that’s on the water. It’s about 140m barrels,” Bessent said during an appearance on Fox Business Network’s Mornings with Maria. Continue reading...
‘Serious risk of major ecological disaster’ as vessel drifts for weeks after being struck by suspected drone attackA severely damaged Russian tanker carrying liquified natural gas that has been adrift in the Mediterranean for two weeks, raising concerns of a “major ecological disaster”, has floated into Libyan waters, Italy’s civil protection agency said on Wednesday.The Arctic Metagaz was part of a Russian “shadow fleet” used to circumvent sanctions imposed on the country’s oil and gas after its full-scale invasion of Ukraine in February 2022. It was struck in a suspected drone attack close to Maltese waters earlier this month, causing a huge hole. The crew is believed to have been rescued between Malta and Libya. Continue reading...
Iranian missile and drone strikes have halted shipping through the Strait of Hormuz as of March 14, 2026, prompting US Navy plans to escort oil tankers amid surging global prices. President Trump directed military options to keep the strait open, with officials confirming anticipation of such blockades. Saudi Arabia reported intercepting 28 Iranian drones targeting its defenses. The move aims to mitigate impacts on US energy markets and economy.
The US Navy is considering escorting oil tankers through the Strait of Hormuz, closed by Iranian missile and drone strikes disrupting 20% of global oil trade. President Trump anticipated the blockade and directed military options to reopen the vital chokepoint, with oil prices surging as a result. Treasury Secretary Scott Bessent will meet China next week on trade amid energy market chaos from the two-week war. The move aims to mitigate economic impacts on Americans from the Hormuz disruption.
The US Navy is considering escorting tankers through the Strait of Hormuz after Iran effectively closed it with missile and drone attacks, surging global oil prices. President Trump anticipated the blockade and directed military options to keep the vital chokepoint open, impacting one-fifth of world oil trade. Saudi Arabia intercepted 28 Iranian drones while facing retaliatory strikes. Officials confirm all US military assets focus on destroying Iran's offensive capabilities.
Iran's new Supreme Leader Moshtab Kamani issued a statement Thursday ordering the military to continue blocking shipments through the Strait of Hormuz, read on state TV as 'effective and punishing defense.' Iran released video of attacks on an oil tanker near Iraq and struck at least six ships plus oil facilities. This escalates as US bombs Iran and a massive Oklahoma rally supported Palestinians after a woman was killed by US-Israeli strike shrapnel. The conflict shows no signs of slowing with US Central Command confirming ongoing strikes.
