Stephen Stapczynski
Coverage of Stephen Stapczynski in the Nexus archive.
- LNG shipments start moving through Hormuz in long road to recovery
Qatar sent its first liquefied natural gas cargo through the Strait of Hormuz in weeks, with ADNOC also moving ships for loadings, signaling potential production increases if sustained. Pakistan and Bangladesh spent $1.9 billion replacing canceled Qatari cargoes, while QatarEnergy extended force majeure for customers until September and purchased $1 billion in U.S. LNG to address disruptions.
- Oil Jumps as US Conducts Wave of Strikes Against Iran
Global benchmark Brent crude oil rose above $79 a barrel, and West Texas Intermediate approached $75 as US forces conducted another wave of strikes against Iran. The US and Iran disputed whether the Strait of Hormuz was open following the strikes.
- Oil Fluctuates After Second Day of US Strikes on Iran
Oil prices fluctuated as traders evaluated Middle Eastern crude supply risks following two days of US military strikes against Iran. Vessel-tracking data indicated reduced transits through the Strait of Hormuz.