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(Bloomberg) — US President Donald Trump stepped up calls to reopen the vital Strait of Hormuz, saying warships will “hopefully” be sent to the area near Iran’s coast to help commercial vessels sail through safely. Read More
(Bloomberg) — The Trump administration approved BP Plc’s plan to pump billions of dollars worth of crude from what will be the company’s first virgin field development in the Gulf of Mexico since the deadly 2010 Deepwater Horizon disaster that triggered the worst oil spill in US history. Read More
(Bloomberg) — Canada will supply 23.6 million barrels of oil and ramp up natural gas exports in the coming months as part of an international effort to help stabilize energy markets being upended by the Iran war, Energy Minister Tim Hodgson said. Read More
(Bloomberg) — The Trump administration started the process of a mammoth drawdown of the US emergency oil reserve, issuing a request to exchange 86 million barrels of crude oil. Read More
(Bloomberg) — A Greek oil tanker was damaged in a projectile or drone attack in the Black Sea as it sailed toward Russia, Greece’s shipping ministry said. Read More
(Bloomberg) — A key Middle East trading hub in the United Arab Emirates suspended all oil loading after a drone attack and fire on Saturday morning, people familiar with the matter said. Read More
As the war in the Middle East continues, disrupting critical oil exports from the region and driving fuel costs up, FP Video looks at the effect higher oil prices could have on the Canadian energy markets, how long the disruption may last, and what it means for the Bank of Canada and domestic economy. Plus, how gold continues to gain amid geopolitical instability. Read More
(Bloomberg) — The US said it had stepped up strikes on Iran to unprecedented levels as the war that’s engulfed the Middle East hit the two-week mark and continued to upend energy flows and global markets. Read More
(Bloomberg) — The UK government is preparing targeted support to help lower-income households with soaring energy bills as oil prices, fueled by the Iran war, exceed $100 a barrel. Read More
