Oil and gas, renewables, storage and environmental industries
Intercontinental Exchange has launched new freight derivatives, including the first tanker freight futures on the TD34 route from the Gulf of Oman to China. The contracts are cash-settled based on Baltic Exchange assessments to help market participants hedge freight risk amid shipping disruptions. Average daily trading volume across ICE freight markets grew 33 percent year-to-date.
China Daily reported that the United States is evaluating follow-up military strategies regarding Iran following a reported Camp David meeting, as Iran enforces a shipping blockade in the Strait of Hormuz. Iranian media reported that seven oil tankers were targeted in the waterway over five days, while Yemen's Houthi group claimed missile and drone attacks on Saudi Aramco oil facilities in Riyadh and Khurais.
China has set a national roadmap to advance all-solid-state batteries toward initial large-scale deployment by 2030. The initiative leverages a vertically integrated industrial ecosystem spanning cell makers, material processors, and state agencies. According to the International Energy Agency, China manufactured over 80 percent of the world's batteries in 2025.
The Abu Dhabi Sustainability Group has announced the winners of the 10th annual Abu Dhabi Sustainable Business Leadership Awards across six core categories. The milestone ceremony also presented Dolphin Energy with the Decade of Leadership Award. Winners included the Abu Dhabi Chamber of Commerce and Industry, First Abu Dhabi Bank, ADNEC Group, and ABB Power Transmission and Distribution.
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