Fars News Agency

Industry News

US Mulls Iran Moves Amid Hormuz Shipping Standoff and Aramco Strikes

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.

Industry News

Brent Crude Tops $107 After Strike on Iran’s South Pars Gas Field

Brent crude prices rose over 4% to $107.95 per barrel following an attack on Iran's South Pars gas infrastructure and subsequent retaliatory threats against Gulf energy sites. Iranian media confirmed damage at the Asaluyeh refinery, while benchmark crude remained above $100 for four consecutive sessions. Meanwhile, Iraqi pipeline exports partially resumed amid ongoing regional output disruptions and Strait of Hormuz transit constraints.

China–UAE News

Trump and Xi Discuss Hormuz Shipping as Maritime Incidents Impact Gulf Routes

U.S. President Donald Trump and Chinese President Xi Jinping discussed the regional conflict and maritime passage through the Strait of Hormuz during talks in Beijing. Meanwhile, fresh shipping incidents were reported near the waterway, including a boarding off the UAE port of Fujairah and an attack off Oman. A White House official stated that both leaders agreed the strategic strait should remain open to international shipping.