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News
East-West Pipeline: Saudi Oil Stocks at Risk
8+ hour, 40+ min ago (247+ words) Saudi Arabia's oil export stocks may deplete within days if the damaged East-West pipeline isn't restarted, potentially cutting global supply by up to 4%, according to oil buyers and traders. The Guardian reported that "Saudi Arabia's oil stocks designated for export…...
Oil Surges Over $3 Amid Iran Strait Tensions
8+ hour, 50+ min ago (1601+ words) Crude oil prices jumped sharply Monday, with Brent crude reaching $107.54 per barrel and U.S. West Texas Intermediate hitting $102.34, amid mounting Middle East security concerns and new Iranian restrictions on Strait of Hormuz navigation. Oil prices surged sharply on Monday, driven by…...
Iran Car-Free Day Initiative Launches Amid Energy Crisis
23+ hour, 42+ min ago (250+ words) Iran is launching a 'Car-Free Day' initiative amid worsening energy shortages, urging government employees to avoid using personal vehicles to reduce fuel consumption. Iranian Energy Minister Abbas Ali Abadi launched the "Car-Free Day" initiative within his ministry, aiming to reduce…...
Syria Fuel Price Hike: Banias Refinery Shutdown
1+ day, 6+ hour ago (903+ words) Syria has temporarily increased fuel prices starting Sunday due to rising global costs and the need to ensure domestic supply continuity. The move follows a major refinery shutdown and ongoing import dependency. The Permanent Committee for Setting Prices of Petroleum…...
Lebanon-Syria Standards Agreement Progress
5+ day, 6+ min ago (266+ words) dailybeirut.com Minister of Economy and Trade Ammar al-Bassat announced that "work on unifying standards and measurements between Lebanon and Syria has advanced significantly and is now closer to implementation in the coming months, as part of a broader initiative…...
Georges Braks Warns of $30/L Gas Price in Lebanon
5+ day, 6+ hour ago (168+ words) Braks: We Are on the Brink of $30 per Liter for Gasoline in Lebanon Daily Beirut George Braks, a member of the Lebanese Fuel Stations Owners Association, stated: "Unfortunately, due to escalating military tensions and attacks on energy facilities in the…...
Brent Crude Near $100 Amid Iran-Jordan Missile Strikes
5+ day, 7+ hour ago (295+ words) Oil prices rose for a fourth consecutive day, with Brent climbing to $99.49 per barrel and WTI to $94.63, following Iranian ballistic missile attacks on Jordan and renewed U.S. military action against Iranian oil tankers. Crude oil prices extended gains for the fourth…...
IAEA: Iran Nuclear Program Hidden Since June 2025 · Daily Beirut
6+ day, 13+ hour ago (311+ words) The IAEA director general, Rafael Grossi, stated that the agency has had no information or visibility into Iran's nuclear program since at least June 2025, raising serious concerns over nuclear proliferation. The Director General of the International Atomic Energy Agency (IAEA),…...
Trump AI Image Targets Kharg Island Oil Lifeline · Daily Beirut
1+ week, 11+ hour ago (147+ words) President Donald Trump shared an AI-generated image depicting a massive strike on Iran's Kharg Island, a critical economic artery. The post, labeled 'Bye Bye Kharg,' signals potential efforts to cripple Iran's oil export capabilities. President Donald Trump published an image…...
Iran Doubles Gasoline Prices Amid U.S. Blockade
1+ week, 9+ hour ago (170+ words) Iran has doubled the price of its third fuel tier amid intensified U.S. economic sanctions and maritime blockade, with the new rates taking effect from September 8. The Iranian authorities announced a doubling of the price for the third fuel tier for…...