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The heat wave threatens to overwhelm U.S. grids and may force some to change their plans on one of the busiest travel weeks of the year.

Oman is using strategic ambiguity as talks over possible Strait of Hormuz fees raise legal, diplomatic and oil market concerns.

Saudi Arabia is restarting its export logistics in the Persian Gulf after a three-month pause, according to Kpler.

Oil prices fell more than 1% on Wednesday after talks between Washington and Tehran concluded.

Oil prices were lower on Wednesday after Iran said it would not meet with U.S. delegates for talks in Qatar, amplifying concern about the peace process.

Andy Burnham could face an early test over North Sea oil drilling as energy shocks revive the UK energy security debate.

The announcement came after South Korea announced on Monday three massive investment projects, spanning semiconductors, physical AI and AI data centers.

The ceasefire prompted a surge in crude shipments through the Strait of Hormuz, where traffic had largely ground to a halt during the conflict.

The moves come as oil traders monitor the prospect of U.S.-Iran talks in Doha on Tuesday.

Commodity strategists warn that Iranian leverage in the Strait of Hormuz will continue to weigh on oil markets and shipping costs.