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17
Oct 2026
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> Strait of Hormuz

> Strait of Hormuz

Brent crude hits $107 after fresh Middle East attacks, with Saudi Aramco targeted and Turkey drawn into the crisis

Escalating Iranian attacks in the Strait of Hormuz and fresh Houthi strikes on Saudi Arabia fuel fears of disruption to global oil supplies

Greek PM announces €95m electricity subsidy for energy-intensive industry

Cement, food, paper and plastics producers will benefit under a European framework, with details due within days. The prime minister said Greece borrows more cheaply than the G7 economies and proposed a joint EU response

Analysis: G7 oil stock release will only briefly cool prices, analysts warn

Brent dropped roughly 3% to $99.25 after the G7 pledged up to 100 million barrels from strategic stocks, yet Barclays lifted its fourth quarter forecast to $115 as inventories shrink and Gulf flows stay restricted

Europe to release huge share of its diesel reserves, says Trump, as G7 puts 100 million barrels on the market

US President says Europe has agreed to release a large share of its strategic diesel reserves, while the G7 says 100 million barrels will reach the market over the next four months

Alert in the Strait of Hormuz: Tanker hit by unidentified projectile

Fire broke out on the vessel - Crew safe, extent of damage currently unknown

Europe’s €100 billion winter problem: how the energy crisis is pushing up costs for households and businesses

The European Commission foresees no supply shortages, but Energy Commissioner Dan Jørgensen warned of a difficult season, with Brussels weighing measures to curb transport fuel costs as energy poverty threatens to spread across the bloc

Trump rejects Iran’s proposal for a seven-day ceasefire as opening of Strait of Hormuz hangs in the balance

Tehran seeks to reopen the strategic sea route under certain conditions, while Washington appears determined to continue operations

A “Breath of fresh air” in the Strait of Hormuz: 60 ships passed through in a single day despite the U.S.-Iran war

Around 22 million barrels of oil were transported, as Washington-Tehran negotiations intensify

Double strike on tankers in the Strait of Hormuz – Two injured on Greek-managed vessel

LR Stephanie hit by unknown projectile while entering the Strait of Hormuz, while a day earlier an unmanned aircraft struck ADNOC’s LPG Carrier Al Maryah – Discrepancy grows over the actual number of transits

Oil: Brent Below $104, Saudi Arabia Moves to Gradually Restore Critical East-West Pipeline

Second consecutive day of declines for oil, with prices, however, remaining at extremely high levels

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