Brent crude falls after US and Iran agree on Strait of Hormuz deal
The closure of the Strait of Hormuz for more than three months has halted around 20% of global oil and LNG shipments.
15 June 2026
15 June 2026
The closure of the Strait of Hormuz for more than three months has halted around 20% of global oil and LNG shipments.
ExxonMobil is reported to be conducting internal discussions with a view to growing its LNG business and strengthening its presence in Asia.
The work covers modernisation of the ABB Ability System 800xA control system and Safeguard 400 safety system on the platform.
JERA, through its subsidiary JERA Australia, will receive around 425,000tpa of LNG as part of its equity share.
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