US And Iran Near Deal To Reopen Strait Of Hormuz Shipping
Commercial shipping through the Strait of Hormuz would run unrestricted under a tentative ceasefire deal between the United States and Iran. The terms are largely settled but still wait on President Donald Trump’s approval, negotiators told the Anadolu agency. The deal would extend an existing ceasefire by 60 days and give both sides a framework for […]
Iran Conflict Could Spur More Drilling Off Sabah, Labuan Chamber Says
The unresolved conflict involving Iran is expected to drive higher Sabah drilling activity in the coming months. That was the message from Labuan Chamber of Commerce (LCC) Oil and Gas Bureau chairman Masnawi Nawe on 15 May 2026, according to a Bernama report carried by the New Straits Times. His argument is straightforward. When the […]