Asian and European energy buyers are competing to secure increasingly scarce LNG cargoes after conflict in the Middle East disrupted shipments through the Strait of Hormuz, the Financial Times reported on March 12.

Four years after the invasion of Ukraine triggered sweeping Western sanctions, Russia has managed to preserve one of its most important channels of global influence: civil nuclear exports.

Attacks on commercial vessels across the Persian Gulf and surrounding waters are intensifying and spreading beyond the traditional shipping lane chokepoint in the Straits of Hormuz, maritime security officials warned.

The war in the Middle East is triggering what the International Energy Agency called "the largest supply disruption in the history of the global oil market” in its latest monthly oil report.