BREAKING: Oil prices rise to $106 per barrel as Iran continues to restrict passage through the Strait of Hormuz.

Indonesia announces agreement to import 150 million barrels of oil from Russia. The deal marks a significant shift in energy procurement for the nation.

Indonesia announced that Russia has agreed to supply 150 million barrels of oil to the country.

DEVELOPING: Shutdown of Leviathan and Karish gas platforms causes billions in damages as Israel's energy sector struggles under 40 days of rocket fire. Only the Tamar platform remains operational.

Yedioth Ahronoth reports that the shutdown of the Leviathan and Karish gas platforms has caused billions in damages, leaving only the Tamar platform operational amid ongoing conflict.

Goldman Sachs projects Gulf oil output will rebound within months following the reopening of the Strait of Hormuz.

Goldman Sachs projects that Gulf oil production will likely recover within months following the reopening of the Strait of Hormuz.

BREAKING: US forces seize two oil tankers, the Majestic and Tifani, in the Indian Ocean. The vessels were carrying 1.9 million barrels of Iranian crude oil under warrants issued by the office of US Attorney Jeanine Pirro.

US Attorney Jeanine Pirro announced that US forces seized the oil tankers Majestic and Tifani in the Indian Ocean, which were carrying approximately 1.9 million barrels of Iranian crude oil.