U.S. crude futures jump 3.2% to $91.55 after Iran's IRGC claims strike on U.S. airbase.

Chinese crude imports set to drop to pandemic-era lows as Iran war reveals demand slump. Bloomberg reports the decline may be structural as demand disappears.

Chinese imports of crude oil are set to drop to levels not seen since the pandemic, as the war in Iran reveals the extent to which demand has disappeared and may not be coming back.

KSI Lisims LNG project secures 5M tons/yr in purchase deals, targets 8M tons before FID. Project in talks with European utilities for supply agreements – Western LNG CEO

KSI Lisims LNG project has secured 5 million tons per year through purchase deals and aims for 8 million tons before final investment decision. The project is also in talks with European utilities for LNG supply agreements, according to Western LNG CEO.

IRGC claims it struck US airbase in retaliation for US predawn attack near Bandar Abbas Airport today

IRGC: Following the US military's predawn attack today using aerial projectiles on a site near Bandar Abbas Airport, the American airbase from which the attack originated was targeted at 4:50 a.m. This response is a serious warning to the enemy that any act of aggression will not go unanswered, and if repeated, our response will be even more decisive. The aggressor bears full responsibility for the consequences.

Iranian forces fire at four ships in Strait of Hormuz, state media says, as US launches fresh strikes on southern Iran

Iranian forces fired at four ships attempting to cross the Strait of Hormuz, state broadcaster IRIB reported, on the same day the US carried out fresh strikes on southern Iran.