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Thursday
16
Apr 2026
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Reuters: daily oil production from the United Arab Emirates down over 50%

Oil production in the UAE has fallen dramatically following the escalation of the conflict with Iran and the disruption of commercial shipping in the Strait of Hormuz

240 cargo ships stranded in the Strait of Hormuz, Chinese ship transits increase

36 have been successfully passed - Shipping crisis affects 4% of the world's dry cargo

“If we hadn’t carried out the attack on Iran, World War III would have started,” Trump says – Drone struck a hotel in Baghdad, explosions near the US embassy (Update)

Japan and Australia say no to Trump for sending warships to the Strait of Hormuz - Israel bombed oil facilities in Iran, "ecocide", says Araghji - Rocket and drone attack on Baghdad International Airport, flights to Dubai briefly suspended

Alarm in Athens over prolonged economic uncertainty: Preparedness drills and the EU Summit

Although the government has fiscal reserves and has carried out the necessary preparedness exercises, a European intervention will also be required

Over 400 million barrels of oil reserves released to the market by the International Energy Agency

Governments of IEA countries have pledged to make available 271.7 million barrels of oil from government reserves, 116.6 million barrels from industry's mandatory stocks and 23.6 million barrels from other sources

Middle East crisis: How fuel, food & consumers are affected – The best and worst case scenarios

Which measures the government has already put in place to keep prices in check and limit the burden on households - The psychological factor and the new profile of the Greek consumer

Oil: Brent holds $100 as Iran conflict enters third week

Energy markets remain tense, with oil holding above $100 as the conflict between the US, Israel and Iran escalates and navigation in the Strait of Hormuz remains restricted

“The war with Iran will end soon, there’s nothing left to target,” Trump says

At the same time, Israel’s Defense Minister Israel Katz stated that operations will continue “without a time limit, for as long as necessary, until all objectives are achieved and a decisive victory is secured."

The Administrative Judges express their concern about the dangerous escalation of the war in the Middle East

The Association of Administrative Judges (AJA) stresses in a statement "the vicious circle of violations of international law that extends to our neighbourhood, with the real victims being the peoples of all the countries involved"

Middle East: Conflict may hasten Europe’s “divorce” from Russian gas

The message from the Americans is clear: Accelerate the flow of US LNG to Europe's most vulnerable markets and that is why, according to Reuters, the value of the Vertical Corridor is highlighted

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