befla

Saudi Arabia’s energy ministry confirmed on April 12 that it had restored full pumping capacity on its East-West pipeline, returning throughput to approximately 7 million barrels per day after attacks earlier this month cut output. The recovery comes as US-Iran peace talks in Islamabad collapsed without an agreement, leaving energy markets facing renewed uncertainty ahead…
Read more

A growing number of analysts are flagging the private credit market as a potential trigger for the next financial shock, as cracks begin to emerge. What was once seen as a resilient alternative to traditional lending is now facing mounting pressure from investors seeking to exit. Private Credit Faces Record Redemptions and Locked Capital Early…
Read more

Emirates Global Aluminium (EGA), the Middle East’s biggest aluminium producer, has paused some of its supply contracts. Bloomberg reports this happened after Iranian missiles and drones damaged its main Al Taweelah smelter on March 28. Gulf Aluminium Crisis Deepens Force majeure is a legal term (French for “superior force”) that refers to unforeseeable, extraordinary events…
Read more

Iran is demanding cryptocurrency payments from tankers transiting the Strait of Hormuz. Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, specifically named Bitcoin (BTC) in a recent statement. However, Chainalysis suggests that stablecoins could be the instrument of choice, consistent with how the Islamic Revolutionary Guard Corps (IRGC) has historically moved…
Read more

The mines Iran scattered across the Strait of Hormuz are now preventing the country from widening access to the waterway, as Tehran cannot account for where all of them ended up, US officials say. The revelation comes as senior delegations from both countries are set to meet in Islamabad for negotiations that will test whether…
Read more