UPDATE: The U.S. and Iran continue to seize ships in the Strait of Hormuz, causing repeated closures of the strategic energy route. Both nations have intercepted vessels in the area over the past several days.

UPDATE: US diesel shipments arrive in Australia as the nation works to mitigate a fuel crisis stemming from the war involving Iran.

Tankers transporting diesel from the US West Coast are arriving in Australia to address a fuel shortage linked to the ongoing war involving Iran.

President Donald Trump is set to extend a US shipping waiver to ease domestic oil and gas deliveries. The move aims to address supply chain constraints for energy transport.

President Donald Trump is expected to extend a waiver for US shipping regulations to facilitate the delivery of oil and gas supplies.

UPDATE: Brent oil prices climb over 3% after Iran's parliament speaker Mohammad Bagher Ghalibaf resigns as the nation's lead negotiator with the United States. #Oil #Iran

Brent oil prices rose more than 3% on Thursday following reports that Mohammad Bagher Ghalibaf, Iran's parliament speaker, has resigned as the country's lead negotiator with the United States.

Libya's National Oil Company reports an increase in production of one million barrels of oil per day.

Libya's National Oil Company reports that the country is producing an additional one million barrels of oil per day.