Increased US-Iran Tensions Expected After Iran's Mourning Period
Rystad Energy predicts increased tension with the US after Iran's mourning period concludes on July 9, suggesting Iran may adopt a tougher stance.
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South America Could Boost Oil Production by 2.1 Million Barrels Daily with Sustained $100 Oil Prices
According to Rystad Energy, South America has the potential to increase its oil supply by up to 2.1 million barrels per day by the mid-2030s, provided that oil prices remain at $100 per barrel for an extended period.
Trump Issues Ultimatum to Iran as Hormuz Shipping Resumes
President Trump issued an ultimatum to Iran, threatening renewed bombing if a deal isn't reached by Wednesday, while Iran rejected his claims and reiterated threats to close the Strait of Hormuz if US blockades persist. European nations are also exploring options to secure shipping in the strait.