The escalating crisis in the Middle East and severe disruptions to energy transportation through the Strait of Hormuz have once again demonstrated how vulnerable the global oil and gas market remains to instability.
Qatar Airways is expanding its African network with a new Port Sudan service from July 2, resumed flights to Seychelles, Kigali and Marrakesh, and added frequencies across Egypt and southern Africa.
Global oil markets are relying heavily on inventory drawdowns to offset a supply shock caused by the closure of the Strait of Hormuz, with OECD stockpiles potentially reaching stress levels by mid-September if current trends persist, according to Oxf
The US House just voted 215 to 208 to end the Iran war, by passing a new War Act, that is unlikely to have any impact on the Iran conflict as US President Donald Trump is widely expected to veto the motion.