Month: March 2026

Repair costs for Gulf fossil fuel infrastructure could hit $25BRepair costs for Gulf fossil fuel infrastructure could hit $25B

Repair costs from reported damage and shutdowns hitting fossil fuel infrastructure in the Middle East could amount to at least $25 billion. Rystad Energy expects the bill for restoring LNG trains, refineries, fuel terminals, and key gas-to-liquids facilities to climb even further, largely driven by engineering and construction costs, and ...

Middle East crisis live: Trump says Iran ‘begging to make a deal, not me’Middle East crisis live: Trump says Iran ‘begging to make a deal, not me’

President addresses conflict at cabinet meeting Analysis: Trump pitches peace plan but military buildups rarely veer to off-ramp An Iranian envoy has said South Korean ships can pass through the strait of Hormuz only after coordinating with Tehran, the Yonhap News Agency has reported. Such an agreement had to be ...