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Trump vows to take ‘total control’ of Iran’s oil and gas markets

US president says American forces will also seize control of key export hub Kharg Island

Financial Times 3h ago

Oil marketing companies losing nearly 700 per domestic LPG cylinder, says government

NEW DELHI: Oil marketing companies are still incurring an under-recovery of nearly Rs 700 on every domestic LPG cylinder despite the Rs 29 increase in the price of cooking gas refills, the government said on Sunday. Despite a global surge in energy prices following the West Asia conflict and the benchmark Saudi CP rising nearly 46% — from $543 a tonne before the disruption to $775 a tonne in May — the government said it had moderated the effective price paid by domestic consumers and kept it...

Times of India 3d ago

Iran war ceasefire close to collapse as Trump promises more strikes and eventual US control of Iranian oil and gas — follow live

Iran war: Trump vows to seize Iranian oil facilities Published June 11, 2026last updated June 11, 2026What you need to know - US forces to conduct more strikes against Iran on Thursday, Trump says - Three Indian sailors killed by US strike on commercial vessel off the coast of Oman - Iran's Islamic Revolutionary Guard Corps said it has targeted US bases in Kuwait and Bahrain - Jordan has also come under attack from Iranian missiles This is a roundup of the main events from the war in Iran...

Deutsche Welle 3h ago

Oil steadies as uncertainty over US-Iran talks keeps markets on edge

Oil steadies as uncertainty over US-Iran talks keeps markets on edge June 2 : Oil prices held on to most of the previous session's sharp gains in early trade on Tuesday on uncertainty over the status of ceasefire talks between the United States and Iran and the potential reopening of the Strait of Hormuz. U.S. President Donald Trump said on Monday talks with Iran were ongoing, while Tasnim news agency reported that Tehran had suspended indirect negotiations with Washington. Brent crude...

Channel News Asia 9d ago

Oil execs warn Trump that Iran war will cause gas prices to spike within weeks due to dwindling supplies: report

Oil execs warn Trump that Iran war will cause gas prices to spike within weeks due to dwindling supplies: report President Trump and administration officials have insisted gas prices will come down as soon as the war ends, but there is no deadline in sight - Bookmark - CommentsGo to comments Several oil industry executives have reportedly privately warned the White House that the ongoing closure of the Strait of Hormuz is straining global oil inventories and could lead to gas price spikes in...

The Independent World 7d ago

Trump says U.S. will seize Iran's Kharg Island and other 'oil infrastructure points'

US President Donald Trump during an executive order signing in the Oval Office of the White House in Washington, DC, US, on Wednesday, June 3, 2026. Shawn Thew | Bloomberg | Getty Images The U.S. military will attack Iran "VERY HARD TONIGHT," and will soon take over the country's "oil infrastructure points," President Donald Trump said Thursday morning. An operation to "assume total control" of Iran's oil and gas markets and infrastructure, including taking Kharg Island, will occur "at some...

CNBC 3h ago

There is no energy transition — only addition, experts say at Baku Energy Week

Grid infrastructure emerged as the forum's defining bottleneck on the last day of Baku Energy Week, as the IGU's chief of staff said that global consumption of oil, gas, coal and renewables is rising simultaneously, directly challenging the conventional narrative. The world is consuming more oil, gas, coal and renewables than ever before, the International Gas Union's chief of staff told the final day of Baku Energy Week, challenging the conventional understanding of energy transition....

Euronews 7d ago

Inpex seeks urgent orders to stop strike action in Darwin

Inpex seeks urgent orders to stop Darwin strike as experts fear impact on gas market could be significant Wed 10 Jun 2026 at 3:20pm In short: Inpex has launched proceedings with the Fair Work Commission seeking urgent orders to stop strike action at its Ichthys LNG facility in Darwin. Experts say the impacts of strike action on the gas market could be significant. A fair work hearing has been scheduled for Friday.

ABC Australia 1d ago

Iran war: Even a peace deal won't fix energy crunch

Iran war: Even a peace deal won't fix energy crunch June 4, 2026As the Iran war approaches 100 days on Sunday, a comforting but flawed assumption has taken hold. Many policymakers, businesses and investors believe that a rapid reopening of the Strait of Hormuz will quickly bring down energy prices, once stranded oil and gas tankers can finally leave the Gulf. Yet top oil executives, shipping sector leaders and economists are predicting the opposite.

Deutsche Welle 7d ago

Trump says will hit Iran 'very hard' Thursday night

Trump says will hit Iran 'very hard' Thursday night The US and Iran have traded strikes for two straight days, pushing the Middle East closer to the resumption of a full-scale war. President Donald Trump said on Thursday (Jun 11) that the United States will hit Iran "very hard tonight" and will soon take control of the country's oil and gas infrastructure. "At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total...

Channel News Asia 3h ago