Oil and Gas

Tanker vessel transiting the Strait of Hormuz under IRGC corridor authority, April 2026

Iran Is Charging $2 Million to Cross Hormuz. China and Russia Go Free.

Iran's IRGC has been running an operational $2 million per-crossing toll in the Strait of Hormuz since mid-March, with China, Russia, India, Iraq, and Pakistan transiting free. The five-nation exemption list tracks

July 2, 2026

Conflicts, Military and War·Government and Politics·News

Oil tanker in Iraqi waters near Basra as Iran allocates crude oil to IRGC aerospace force

Iran’s President Defended the IRGC’s Oil Allocation. The Corps Didn’t Say Thank You.

Iran's president publicly defended the IRGC's 20-million-barrel oil allocation on July 2, as the corps declined to treat the concession as meaningful. The military's financial interest lies in a Hormuz transit toll

July 2, 2026

Conflicts, Military and War·Government and Politics·News

Vessels transiting the Strait of Hormuz near Bandar Abbas Iran after the US-Iran MoU signing June 2026

Hormuz Is Open. Only a Third of the Ships Are Using It.

Roughly 34 ships crossed the Strait of Hormuz on Tuesday against a pre-conflict baseline of around 100 daily transits. Brent crude has slipped to $71 as the war risk premium dissipates, but

July 2, 2026

Business·Markets·News

Oil tanker navigates shipping lanes near the Strait of Hormuz during the West Asia conflict that spiked crude prices affecting India's oil firms July 2026

West Asia Crisis Saddled India’s State Oil Firms With ₹74,781 Crore in Fuel Losses

India's oil marketing companies absorbed ₹74,781 crore in fuel losses during the West Asia crisis, minister Hardeep Puri disclosed Thursday. Meanwhile India set a crude import record with Russian oil crossing 50

July 2, 2026

Business·Economy·News

Tankers transiting the Strait of Hormuz near Bandar Abbas Iran as Iranian crude oil exports recover following US sanctions waiver

Iran Has Sold 40 Million Barrels at a 20% Premium Since the MoU. The Clock Runs Out August 21.

Iran exported 40-50 million barrels of crude oil in the first two weeks after the Islamabad MoU, at a 20% premium over blockade-era prices — between $400 million and $750 million in

July 2, 2026

Business·Economy·News

Oil tanker in the Persian Gulf region as Hormuz shipping fees fall on Iran peace talk progress July 2026

Brent Crude Falls to Pre-War Levels as Iran Peace Talks Show Positive Progress

Brent fell to $70.82 on Thursday, matching pre-war levels for the first time since February 27, as Qatar confirmed positive progress in US-Iran indirect talks. The market has declared the war over;

July 2, 2026

Business·Economy·News

Vessels at the Strait of Hormuz as seen from Musandam Oman amid UAE oil export surge to near 2017 highs

UAE Oil Exports Near 2017 Highs as OPEC Exit and Postwar Rebound Test Global Markets

UAE crude exports surged 30% to nearly 3.9 million barrels per day in June, approaching highs not seen since 2017, as the Emirates leverages its Hormuz bypass infrastructure and its May exit

July 2, 2026

Business·Economy·News

US and Iran technical talks in Doha on Hormuz passage and nuclear ceasefire framework

The Doha Talks Concluded. The Nuclear File Was Deferred. Hormuz Remains Unresolved.

Doha talks ended with Iran's nuclear file deferred and Hormuz tolls unresolved. The Strait remains classified as a warlike operations area, reflecting a gap between what diplomacy has announced and what underwriters

July 2, 2026

Conflicts, Military and War·News

Vessels navigating near Bandar Abbas in the Strait of Hormuz as Iran claims command authority over the strategic waterway

Iran Claims Hormuz Command as Europe’s Naval Mission Quietly Collapses

Iran's Deputy Foreign Minister declared on Wednesday that Hormuz is under Iranian command, not CENTCOM. Germany's Defense Minister said the same day that German minesweepers anchored in Djibouti have nothing to do

July 2, 2026

Conflicts, Military and War·News

Oil tankers transit the Strait of Hormuz as Brent crude falls to its lowest since the Iran war began

Markets See a Durable Iran Ceasefire. Trump’s Ex-NSA Sees an Iranian Win.

Brent crude fell to $70.65 on Wednesday, its lowest since the Iran war began, as Trump's former national security adviser H.R. McMaster said Iran is "getting everything it wanted" in the ceasefire

July 2, 2026

Business·Economy·News

Subject: Oil and Gas- Page 16

Iran Is Charging $2 Million to Cross Hormuz. China and Russia Go Free.

Iran’s President Defended the IRGC’s Oil Allocation. The Corps Didn’t Say Thank You.

Hormuz Is Open. Only a Third of the Ships Are Using It.

West Asia Crisis Saddled India’s State Oil Firms With ₹74,781 Crore in Fuel Losses

Iran Has Sold 40 Million Barrels at a 20% Premium Since the MoU. The Clock Runs Out August 21.

Brent Crude Falls to Pre-War Levels as Iran Peace Talks Show Positive Progress

UAE Oil Exports Near 2017 Highs as OPEC Exit and Postwar Rebound Test Global Markets

The Doha Talks Concluded. The Nuclear File Was Deferred. Hormuz Remains Unresolved.

Iran Claims Hormuz Command as Europe’s Naval Mission Quietly Collapses

Markets See a Durable Iran Ceasefire. Trump’s Ex-NSA Sees an Iranian Win.

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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Subject: Oil and Gas- Page 16

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