ADNOC Abandons Murban Benchmark, Shifts Gulf Crude Pricing to Platts Dubai

🛢️ ABU DHABI — ADNOC just rewrote how Gulf crude gets priced. Why now? 📌 LOOK CLOSER: Murban futures were ADNOC's own benchmark, launched 2021 — switching to Platts Dubai signals that benchmark has lost liquidity under Hormuz war-risk. With transits at 10%, markets need pricing that reflects actual traded cargoes. European buyers lose an independent Gulf reference; pricing power shifts back to Platts assessors at the worst possible moment.

breaking

Iran Suspected in Cyberattack on 30-Plus US Water Systems as Trump Deflects

💻 CYBER — Iran suspected; Trump blamed Minnesota instead. 📌 LOOK CLOSER: Hitting water systems is civilian infrastructure — a threshold US cyber doctrine treats as a hard red line. Federal suspicion of Iran makes this the first attributed domestic cyber strike since kinetic escalation began. Trump deflecting to Minnesota signals he's

newsupdates

UK Tells Iran It Is Not at War and Backs Political Solution, Miliband Says

🇬🇧 LONDON — UK just told Tehran it's not at war with Iran. Washington didn't. 📌 LOOK CLOSER: Miliband calling Araghchi to assert non-belligerence creates deliberate daylight from Washington's "surrender" campaign. UK bases across the Gulf need protecting — distance is insurance. But it also

newsupdates

Iran Warns of Retaliation Against US and Israeli Infrastructure

⚠️ TEHRAN — A threat to hit infrastructure is not the same as a path to negotiation. 📌 LOOK CLOSER: Tehran's warning follows Trump's "surrender" framing by hours — hardliners answering, not moderates. With Iran's power and fuel already degraded, threatening US-Israeli infrastructure is mutual

newsupdates

Serbia Wins US Sanctions Waiver for Russian-Owned NIS Oil Company

🇷🇸 BELGRADE — Washington exempted a Russian oil firm mid-sanctions campaign. 📌 LOOK CLOSER: NIS is Gazprom Neft-majority-owned — a sanctioned entity. Washington's waiver trades sanctions compliance for Balkan alignment. With Iranian crude offline and European supply fractured, the US can't lose Belgrade to Moscow. But exempting

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Iran Suspected in Cyberattack on 30-Plus US Water Systems as Trump Deflects

UK Tells Iran It Is Not at War and Backs Political Solution, Miliband Says

Iran Warns of Retaliation Against US and Israeli Infrastructure

Serbia Wins US Sanctions Waiver for Russian-Owned NIS Oil Company