The G7 countries and international partners have agreed to increase emergency oil and refined petroleum product availability by 100mn barrels to satisfy concerns over supplies to the world over a four month period. The possible coordinated intervention is focused on reducing pressure on energy markets, stabilizing oil prices and filling the shortage of diesel and intermediate range distillate fuels. The …

American President Donald Trump has stated that his country’s troops have “total control” of the Strait of Hormuz, where tensions have escalated since the last descent of Revolutionary Guard fighters from airbase base, to the country’s backing of maritime security forces in the region. Iran has denied the assertion, saying statements from the U.S. do not change anything in the …