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Iran’s oil minister said on the 11th that repairs to gas production facilities damaged in recent hostilities are underway and that daily capacity could recover by about 95 mln cubic meters by end-September. Reconstruction of four attacked gas-process

2026-08-12

Iran’s oil minister said on the 11th that repairs to gas production facilities damaged in recent hostilities are underway and that daily capacity could recover by about 95 mln cubic meters by end-September. Reconstruction of four attacked gas-processing plants are progressing rapidly, contractors have started work, and projects are expected to finish ahead of schedule and fully restore pre-attack output. Earlier reports said Iranian gas output had fallen roughly 230 mln cu m/day since U.S. and Israeli military actions.

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2026-08-11

Malaysia's defense minister said the country stands with Iran to help establish global peace and security.

Malaysia's defense minister said the country stands with Iran to help establish global peace and security.
2026-08-12

API weekly US crude stocks rose 9.072 mln bbl in the week to Aug. 7, versus a -0.5 mln bbl draw expected; prior +2.69 mln bbl.

API weekly US crude stocks rose 9.072 mln bbl in the week to Aug. 7, versus a -0.5 mln bbl draw expected; prior +2.69 mln bbl.
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