Iraq and UAE are accelerating oil pipeline projects to bypass the Strait of Hormuz, with Iraq tripling Kurdistan pipeline capacity and UAE fast-tracking a new pipeline to Fujairah. Data shows Iraq's exports have plummeted due to its reliance on the chokepoint.
Viktor Orban allegedly ordered the seizure of a Ukrainian Oschadbank convoy carrying $40M, €35M, and 9kg of gold from Austria to Ukraine. The operation, reportedly aimed at pressuring Kyiv over the Druzhba oil pipeline, lacked legal justification.
Environmental groups in Canada fear a new oil pipeline could harm endangered southern resident orcas, as the government considers exempting major projects from species protection laws.
Ukraine launched extensive drone attacks on the Moscow region over the weekend, targeting military-industrial sites like the Angstrom plant and a critical oil pipeline pumping station. President Zelenskyy deemed the strikes "entirely justified." Russia reported casualties and claimed to have shot down numerous drones.
Canada's Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a deal on industrial carbon pricing, a key step towards building an oil pipeline to increase crude exports to Asia. The deal aims to reduce Canada's reliance on the US, despite environmental opposition.
The UAE is fast-tracking a new oil pipeline to Fujairah, doubling export capacity to 3.6m barrels/day by 2027, securing exports against Strait of Hormuz disruption amid the Iran war, post-OPEC exit.
US President Donald Trump warned that Iran's oil pipelines could explode within three days if the US naval blockade continues, potentially destroying half of Iran's oil production capacity. The US imposed the blockade on April 13 following military operations launched by the US and Israel against Iran on February 28. Diplomatic talks in Islamabad on April 11 failed to reach a long-term solution, with both Tehran and Washington citing unresolved disagreements.
According to Dmitry Peskov, the decision to stop Kazakh oil supplies to Germany over the Druzhba oil pipeline is related to technical aspects
Oil supplies over the Druzhba oil pipeline to Hungary and Slovakia resumed after the almost three-month interval, the company said
Oil transit through the Druzhba pipeline to Slovakia and Hungary has resumed after a three-month shutdown. The suspension, attributed by Ukraine to infrastructure damage, was widely viewed as a political standoff over EU financial aid to Kiev.
The Russian Ministry of Energy and oil pipeline operator Transneft are dealing with redirection of flows, the Russian deputy prime minister said
Hungarian company MOL received official notification from the Ukrainian operator of the Druzhba oil pipeline regarding its readiness to resume oil transit from Russia to Hungary and Slovakia
A bitter feud over an oil pipeline pitted Hungary against Ukraine and stalled the vitally needed funds for Kyiv.
According to Vladimir Zelensky, the oil pipeline may now resume functioning
