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Iraq and Syria Develop Land Corridor to Bypass Strait of Hormuz
World

Iraq and Syria Develop Land Corridor to Bypass Strait of Hormuz

Thousands of Iraqi tankers transport oil daily to Syria's Baniyas port. This emergency route could evolve into a major pipeline project worth up to $15 billion to bypass regional maritime threats.

Aug 6, 2026
Israel will not require Chevron to sell stake in gas reservoirs
Markets

Israel will not require Chevron to sell stake in gas reservoirs

The inter-ministerial committee led by Yossi Dayan has decided against changing Chevron's status in Israel's gas market. The move aims to maintain regulatory certainty and avoid forcing the energy giant to divest from its key assets.

Jul 31, 2026
Oil Giants ExxonMobil and Chevron Report Massive Quarterly Profits
Markets

Oil Giants ExxonMobil and Chevron Report Massive Quarterly Profits

ExxonMobil and Chevron, the two largest US oil companies, reported massive second-quarter profits following a surge in global oil prices driven by the war between the US and Iran.

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