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PHILIPPINES SET TO IMPORT FIRST CARGO OF RUSSIAN OIL SINCE 2021, SHIPPING DATA SHOWS PHILIPPINES' BATAAN REFINERY SET TO RECEIVE 100,000 T OF RUSSIAN ESPO BLEND ON MARCH 23-25, DATA SHOWS AND TRADERS SAY

2026-03-20

PHILIPPINES SET TO IMPORT FIRST CARGO OF RUSSIAN OIL SINCE 2021, SHIPPING DATA SHOWS PHILIPPINES' BATAAN REFINERY SET TO RECEIVE 100,000 T OF RUSSIAN ESPO BLEND ON MARCH 23-25, DATA SHOWS AND TRADERS SAY

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2026-03-21

US officials are working to avert a potential months-long shutdown of the Strait of Hormuz, acknowledging reopening remains uncertain and partly dependent on President Donald Trump’s actions. A Defense Intelligence Agency assessment said Iran could b

US officials are working to avert a potential months-long shutdown of the Strait of Hormuz, acknowledging reopening remains uncertain and partly dependent on President Donald Trump’s actions. A Defense Intelligence Agency assessment said Iran could block the passage for one to six months, though officials downplayed the worst-case scenario. Military operations have degraded Iran’s capabilities but not eliminated threats, including mines and small-boat attacks. Officials said securing transit remains complex, with risks persisting even if Iran’s missile and drone capacity is further reduced.
2026-03-20

International Energy Agency Executive Director Fatih Birol: Politicians and markets have underestimated the scale of this crisis.

International Energy Agency Executive Director Fatih Birol: Politicians and markets have underestimated the scale of this crisis.
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