Strait of Hormuz disruption sends global oil benchmarks higher
Israel and US attacks over the weekend killed Iran’s Supreme Leader, Ayatollah Ali Khamenei, prompting further retaliation from Tehran.
02 March 2026
02 March 2026
Israel and US attacks over the weekend killed Iran’s Supreme Leader, Ayatollah Ali Khamenei, prompting further retaliation from Tehran.
The US shale boom is winding down, but the global market is gearing up for massive production as the unconventional resource goes international.
The decision follows US-Israeli strikes on Iran, triggering retaliation by Tehran and disrupting oil shipments across the Middle East.
Aramco expects these projects to generate additional operating cash flow of $12bn–15bn in 2030.
The decision follows feasibility studies from January 2022 that evaluated constructing an LNG terminal in Nam Dinh Vu Industrial Park, Hai Phong City.
The project is designed to build on government economic diversification efforts by maximising value from Oman’s natural gas resources.
Hanwha Ocean has been involved in the Leviathan Expansion Project since Q3 2024.
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