Iran's Persian Gulf Strait Authority declares Hormuz transit 'impossible'

DMEA - Downstream Middle East & Africa
GLNG - Global LNG
MEOG - Middle East Oil & Gas
By Newsbase 12 July 2026
Iran's newly created Persian Gulf Strait Authority has declared transit through the Strait of Hormuz impossible, citing US military activity and formalising the closure of the world's most important oil chokepoint.

UAE’s ADNOC expands fleet with 4 new LNG carriers

GLNG - Global LNG
MEOG - Middle East Oil & Gas
By Newsbase analysts 12 July 2026
The Abu Dhabi National Oil Company is increasing the size of its LNG fleet with an order made for four next-generation LNG carries from China’s Jiangnan Shipyard.
Across Uzbekistan and other parts of Central Asia, fuel stations are facing mounting difficulties as impacts of Ukraine's war campaign against Russian refineries spread.

Central Asia battles to stop fuel squeeze turning into supply shock

EurOil - Europe Oil & Gas
FSUOGM - Former Soviet Union Oil & Gas
By Newsbase 12 July 2026
Sustained Ukrainian attacks on Russia’s refineries increasingly hitting motorists across region.
Iran and Oman discussed arrangements for securing shipping through the Strait of Hormuz in talks in Muscat.

Iran-Oman Hormuz talks overtaken by escalation as Tehran closes strait

MEOG - Middle East Oil & Gas
By bnm Gulf bureau 12 July 2026
Iran and Oman discussed Hormuz shipping security in Muscat hours before Iran closed the strait and struck US bases and Gulf states, after CENTCOM said the US hit around 140 targets in Iran.
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