Mai

Iran has hardened its negotiating position with the United States by demanding five conditions described as minimum guarantees for trust. The move comes amid mounting concerns over oil supplies and shipping security in the Strait of Hormuz.

May 12, 2026 An Ruwaito ta hanyar AI

Dalal Street saw a notable decline with the Indian rupee hitting a record low for the second consecutive day. Key equity indices posted their largest single-day drop in six weeks.

The OPEC+ alliance announced an increase of 188,000 barrels per day in crude oil production starting June 2026. This adds to the 206,000 barrels rise announced in April. The blockade in the Strait of Ormuz, however, restricts its effect on global markets.

May 02, 2026 An Ruwaito ta hanyar AI An Binciki Gaskiya

Iran’s ability to sell crude has come under mounting pressure since the United States began enforcing a naval blockade aimed at Iranian shipping in mid-April 2026, prompting warnings that storage could fill within weeks and that forced production cuts could damage older oil fields. Tehran has tied broader talks with Washington to changes in maritime restrictions as the standoff over the Strait of Hormuz drags on.

TotalEnergies CEO Patrick Pouyanné warned that France would enter an era of energy shortage if the Strait of Ormuz blockade lasts another two or three months. He called for strengthening supply chain resilience through investments in new pipelines. He made these remarks at a conference in Chantilly.

April 23, 2026 An Ruwaito ta hanyar AI

President Lula's government presented a bill to Congress on April 23, 2026, allowing PIS/Cofins cuts on gasoline, ethanol, diesel, and biodiesel using extraordinary oil revenues. The measure addresses a 61% rise in gasoline import costs driven by the war in Iran, per ANP data. Officials state the cuts will be partial and temporary, possibly for two months.