Blog
OIL SEEN ELEVATED AS HORMUZ RISKS INTENSIFY AMID IRAN CONFLICT.
Oil prices are expected to remain elevated in the near term as escalating tensions involving Iran intensify concerns over potential disruptions in the Strait of Hormuz, one of the world’s most critical energy chokepoints. The waterway handles more than 20% of global oil supply and a significant share of liquefied natural gas shipments, making it central to global energy security. Following Israeli and U.S. strikes on Iranian targets and retaliatory threats from Tehran, markets are increasingly pricing in the risk of supply interruptions, tanker disruptions, and prolonged geopolitical instability in the Gulf. Analysts warn that even without a full closure of the strait, sustained uncertainty could tighten supply expectations, support higher oil and gas prices into 2026, and reinforce a geopolitical risk premium across global energy markets.
- 8 months, 1 week
OIL AND GAS PRICES SURGE AS IRAN CONFLICT DISRUPTS MIDDLE EAST ENERGY FLOWS.
Global oil and natural gas markets experienced a sharp surge as escalating military conflict involving Iran disrupted key energy infrastructure and vital shipping routes across the Middle East, particularly the strategic Strait of Hormuz. The situation has heightened fears of a major supply shock, with damaged tankers, stranded vessels, and shutdowns of oil and gas facilities increasing volatility in global energy markets. Analysts warn that prolonged instability in the region could significantly tighten global supply chains, push fuel prices higher, and create ripple effects across inflation, trade, and economic recovery worldwide.
- 8 months, 1 week
SOUTH AFRICA CAN EXPECT FUEL PRICE INCREASES AMID MIDDLE EAST CONFLICT.
The US-Israeli attack on Iran is expected to drive short-term spikes in global oil prices, increasing uncertainty and likely pushing fuel costs higher for countries like South Africa. Disruptions to Middle East travel and potential risks to oil transport through the Strait of Hormuz could further strain supply, with broader economic impacts depending on how the conflict unfolds.
- 8 months, 1 week
VENEZUELA SUSPENDS 19 OIL AND GAS PRODUCTION-SHARING CONTRACTS AMID SECTOR REVIEW.
Venezuela has suspended 19 oil and gas production-sharing contracts signed during President Nicolás Maduro’s administration, marking a significant shake-up in its energy sector as authorities conduct a broad legal and financial review of foreign partnerships formed under sanctions. The suspension does not immediately affect production, as state oil company PDVSA continues to sell crude from the affected projects, but it raises uncertainty for investors and contractors operating in key regions like the Orinoco Belt and Lake Maracaibo. The review, reportedly involving both Caracas and Washington, focuses on the legitimacy, ownership structures, and compliance status of participating firms—many of which were smaller or lesser-known companies that entered the market when major international oil players avoided Venezuela due to sanctions and past expropriations.
- 8 months, 2 weeks
PURA TASKED TO ACCELERATE EXPLORATION IN NEW OIL, GAS AREAS FOR INVESTMENT.
PURA has been instructed to speed up exploration in new oil and gas areas to attract investors and boost Tanzania’s revenue. This initiative aims to expand local participation and strengthen the sector’s contribution to national economic growth.
- 8 months, 2 weeks
TANZANIA CONNECTS FIRST 50 MW OF KISHAPU SOLAR PROJECT TO NATIONAL GRID.
Tanzania has connected the first 50 MW of the Kishapu solar project to the national grid, marking the country’s largest solar power achievement. The project is part of a broader effort to diversify energy sources and strengthen Tanzania’s energy security.
- 8 months, 2 weeks
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