Satellite images obtained by Reuters confirmed the presence of a structure at the entrance of the hotly disputed Scarborough Shoal in the South China Sea last week, though later imagery suggests it is no longer there.
Category: News
The trickle of tankers exiting the Strait of Hormuz has gathered pace in recent weeks, as traders adopt stealth measures to make the crossing. While this is freeing some of the vast oil inventories trapped in the Gulf, it does not signal a slow return to normalcy. Instead, it previews the opaque, fragmented energy market the Iran war is set to leave in its wake.