Iran says Strait of Hormuz transit subject to its rules

10 July 2026
Shipping through the Strait of Hormuz would be governed solely by rules set by Iran, an IRGC commander said, acknowledging that the force prevented three foreign tankers from using a US-backed route to sail through the critical waterway.

Libya partners with Qatar's UCC for $1bn Ghadames Basin oil project

9 July 2026
Libya’s National Oil Corporation (NOC) has signed an Exploration and Production Sharing Agreement (EPSA) with Qatar's UCC Holding and the Libyan Investment Authority (LIA) to develop Area 47 in the strategic Ghadames Basin

Sempra’s Energia Costa Azul exports first LNG cargo from Mexico plant

9 July 2026
US LNG developer Sempra exported its first cargo from its Energia Costa Azul LNG project located in Ensenada, Mexico.

Saudi Arabia, Canada launch investment treaty talks as Carney visits Jeddah

9 July 2026
Saudi Arabia and Canada have agreed to open negotiations on an investment protection treaty during Mark Carney's Jeddah visit, the first by a Canadian leader in 26 years, with mining at the centre.

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