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Friday
28
Aug 2026
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US to pay German energy company $1.2 billion to abandon offshore wind farm project

The Trump administration is prioritizing investment in natural gas over offshore wind energy

Drone attack hits US-owned LNG vessel in Damietta, Egypt: Unprecedented strike in the Mediterranean

Operations at the facilities are expected to resume within the coming hours

A Qatari tanker carrying LNG was struck by a missile near Oman – Gas and oil prices rose slightly

The Al Rekayyat, a ship owned by Nakilat, Qatar's state-owned shipping company, was struck in the early hours of Tuesday morning

Congestion in the Strait of Hormuz as US–Iran agreement revives shipping – Oil exports resume (videos)

The first major oil shipments are passing through the Strait again as shipping activity restarts, though shipping and insurance market officials remain cautious despite the increased movement

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