Terra-Gen has begun commercial operations at its 80MW Lockhart Solar PV IV project in California, expanding its renewable energy portfolio and generating enough electricity to power about 40,000 homes and businesses annually under a long-term supply agreement.
The US said it had completed an eighth straight night of attacks against Iran after earlier announcing that two US military personnel were killed in Jordan and another was missing following an Iranian attack. In retaliation, Iran's military launched a drone attack targeting US military assets, sauid media reports.
Iraq has signed energy agreements with US firms including ExxonMobil, KBR and GE Vernova to advance oil and power projects, while progressing a Mediterranean Energy Corridor pipeline initiative with a planned capacity of two million barrels per day.
Iran launched renewed attacks on US Gulf allies on Saturday after the United States completed a seventh consecutive night of strikes targeting Iranian military infrastructure, marking a sharp escalation one week after a fragile ceasefire collapsed, said media reports.
The United States intensified its military campaign against Iran on Tuesday, reimposing a naval blockade of Iranian ports, launching another wave of strikes on military targets and warning of attacks on key infrastructure unless Tehran returns to negotiations.
The United States and Iraq discussed expanding economic co-operation and increasing US investment in the Arab nation’s energy sector during high-level talks at the White House on Wednesday, as the two countries sought to deepen their strategic partnership.
US President Donald Trump on Tuesday abandoned a proposal to impose a 20% transit fee on cargo shipping through the Strait of Hormuz, saying Washington would instead pursue trade and investment agreements with Gulf states amid escalating tensions with Iran.
Oil prices jumped sharply at the start of Asian trading on Monday after the United States launched a second consecutive night of strikes on Iranian military targets and Tehran retaliated with fresh attacks, heightening fears of disruption to crude shipments through the Strait of Hormuz, the world's most important oil transit chokepoint.
The Saudi Ports Authority (Mawani) has announced the addition of Maersk’s shipping service (Maersk - MECL) to Jeddah Islamic Port, thus enhancing the port’s maritime connectivity, expanding its service network with regional and global ports, and supporting the smooth flow of trade and supply chains.
Oil prices settled lower on Friday after the latest round of US-Iran fighting as traders grew hopeful that shipping would eventually resume in the Strait of Hormuz, but prices finished with sharp weekly gains. Brent crude futures fell by 29 cents to close at $76.01 a barrel.
