Lauren Holtmeier
4.2K posts

Lauren Holtmeier
@LK_Holt
Kansas native, not in Kansas anymore |Dubai, formerly Beirut |I’m winging it |Writes about oil in the Middle East at S&P Global |[email protected]

Overnight, U.S. forces conducted a right-of-visit, maritime interdiction and boarding of the stateless sanctioned M/T Tifani without incident in the INDOPACOM area of responsibility. As we have made clear, we will pursue global maritime enforcement efforts to disrupt illicit networks and interdict sanctioned vessels providing material support to Iran—anywhere they operate. International waters are not a refuge for sanctioned vessels. The Department of War will continue to deny illicit actors and their vessels freedom of maneuver in the maritime domain.



Persian Gulf #oil producers face hard choices if #StraitofHormuz is closed 🔗okt.to/5jnltD ▪️Saudi Arabia, Iraq, UAE have pipeline alternatives ▪️But shifted volumes would not meet Gulf export levels ▪️Kuwait, Qatar, Bahrain totally reliant on Hormuz to export #OOTT #IranIsrael



FACTBOX: #Oil surges as #Israel strikes #Iran nuclear sites, traders eye supply risks ▪️Front-month ICE Brent futures up 8.97% ▪️Israel struck Iran's nuclear sites, killed top commander ▪️No known damage to energy infrastructure so far #Israelstrike #Iran 🖥️Full story: okt.to/cWKZys



Iraqi #crude exports via Ceyhan remain halted as talks fail ▪️ International oil companies in Kurdistan say demands not met ▪️ They will not send oil to SOMO yet ▪️ Contract concerns, payment of debt key barriers 🖥️ Full story: okt.to/rCGn4j #oil #OOTT










China steps up presence in Iraq's oil, gas sector as US players stay on sidelines okt.to/y96Oew ▪️Chinese firms operate 7.27% of shares in development projects ▪️US companies deterred by high levels of risk and corruption by @LK_Holt