The US military has launched a daring logistical operation in the heart of the Middle East. As the Axios portal found out, the United States organized the secret transportation of oil through the Strait of Hormuz, ignoring Tehran and its Islamic Revolutionary Guard Corps.

According to the newspaper, from 15 to 20 oil tankers pass through the southern channel of the strait along the coast of Oman every day. The total volume of exported oil reaches about 10 million barrels per day, which is about half of the figures recorded before the outbreak of the conflict in the region.

Posted by Tyler Durden, Authored by Andrew Korybko,

By MTCONTEXT

Negotiations between the US and Iran have reached an impasse. Trump keeps insisting that a deal is coming, which has kept oil markets sanguine. Unfortunately, a diplomatic off-ramp is becoming less likely.

Denmark has deployed a batch of fresh military conscripts to Greenland for the first time in modern history, as Copenhagen seeks to assert its control over the Arctic territory in response to threats of annexation from US President Donald Trump.

What seemed unthinkable until recently due to harsh sanctions has become an official fact. The US Department of Energy has confirmed that about half of the oil produced in Venezuela is now going to the American market.

Reuters quotes U.S. Deputy Secretary of Energy Kyle Houstfait as saying 558,000 barrels per day are being supplied to American plants, while the country's total production is about 1.25 million barrels.

Why is this happening right now?:

Reports are circulating all over Social Media claiming the United States and Iran have agreed to extend the 60-Day ceasefire.   Entities making those reports are either liars, or just too stupid to see it's a lie.

Most rational people believe this is nothing more than a brazen effort to keep oil prices lower.

In the Middle East, the initiative “Four Seas,” which envisages the creation of a transport corridor connecting the Persian Gulf, the Caspian Sea, the Black Sea, and the Mediterranean, is being discussed increasingly intensively.

America’s emergency oil stockpile has fallen below 300 million barrels for the first time since the Strategic Petroleum Reserve was filled in the early 1980s. Now, some energy experts are warning that the problem may go far beyond simply having less oil available during the next crisis.

Deliveries from LNG terminals into the EU's gas transmission network fell to 3.2 billion cubic meters between August 1 and 12 - down 3.7% month-on-month and 12.6% year-on-year, according to data from the Gas Infrastructure Europe (GIE) association.

The last time 12-day import volumes fell below the current LNG level was in August 2024, when purchases amounted to 2.7 billion cubic meters.

A Texas-based oil company, Greenland Energy, is pushing ahead with exploratory drilling in Greenland despite fierce local opposition, claiming there could be as much as 13 billion barrels of oil in the Jameson Land region, a highly-protected environmental zone home to musk ox, arctic foxes, and migrating birds, the NYT reports.

🟠 Greenlanders have raised concerns about the environmental impact and the chemicals that would be used