The Saudi Power Procurement Company (Principal Buyer) has extended the deadline for submitting RFQs for the third round of conventional IPP projects, based on combined cycle gas turbine technology, to August 23. These projects will be developed under the build-own-operate (BOO) model.
Iran said on Monday it wanted a lasting end to the war with the US and Israel, and pushed back against pressure to swiftly reopen the Strait of Hormuz under a temporary ceasefire as US President Donald Trump warned the country could be "taken out" if it did not meet his Tuesday night deadline to reach a deal.
Oil prices climbed on Monday as markets reacted to US President Donald Trump's threat of further action against Iran and set a Tuesday evening deadline linked to the reopening of the Strait of Hormuz.
