ING flags risks to Hormuz reopening as US-Iran MoU starts the clock on talks

18 June 2026
ING warns markets are too optimistic on how fast the Strait of Hormuz will reopen under the new US-Iran MoU, with mine clearance and insurance set to slow the return of oil flows for months.

Morocco rejects fuel price cap and Samir Refinery takeover

18 June 2026
Morocco’s Upper House has voted down two high-profile legislative proposals, exposing deep political fragmentation over the sensitive issues of retail fuel pricing and the nationalisation of the idled Samir refinery

Libya’s Sirte Oil hits high-yield well at Al-Khair field

18 June 2026
Libya’s state-owned National Oil Corporation (NOC) announced that its subsidiary, Sirte Oil Company for Production and Manufacturing of Oil and Gas, has completed a development well at the Al-Khair oilfield

Egypt signs gas expansion deals with Harbour Energy, Eni

18 June 2026
Egypt has signed new agreements on June 17 with British firm Harbour Energy (LSE:HBR) and Italy's Eni (BIT:ENI) to raise natural gas production and establish an economic framework to stimulate foreign investment

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