Hormuz: how US sanctions on Iran impact China, Iraq, and Europe

August 21st 2026
With the Bab el-Mandeb strait already strained by security incidents under the monitoring of the International Maritime Organization (IMO), there are no fast or cost-effective alternative sea routes into the Mediterranean.- Why Germany's gas storage levels are so low
- China boosts imports of Russian crude, stymieing India's refiners
- ExxonMobil Awards $1.1 Billion Contracts for Mozambique LNG Project
- Equinor, ORLEN Expand Energy Partnership With New Crude Deal
- Iraq Approves Three-Month Mechanism to Export Crude via Local, International Firms
- EIA Lowers Henry Hub Gas Price Forecasts
- Oil exports from Russia's western ports drop 15% below plan, traders say
- First Nations-Led Kino Aski LNG Project to Supply Low-Carbon Canadian Gas to Europe
- Iraq Seeks New Oil Export Routes, but Hormuz Remains Critical


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