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Saturday, March 21, 2026
Energy markets eye Black Sea as next chokepoint in global supply [OPINION]

Energy markets eye Black Sea as next chokepoint in global supply [OPINION]

The global energy market has spent much of the past two decades fixated on the vulnerability of the Strait of Hormuz, while a quieter and potentially more unpredictable risk is emerging closer to Europe’s doorstep. The Black Sea, long regarded as a secondary theatre in global energy logistics, is rapidly becoming a focal point of concern as geopolitical tensions, asymmetric warfare and logistical fragilities converge.

Iraq cuts Basra oil output by 70% amid regional escalation

Iraq cuts Basra oil output by 70% amid regional escalation

Iraq has cut oil production in the Basra fields by about 70%, reducing output from 3.3 million barrels per day to around 900,000, following the suspension of crude exports from southern ports, AzerNEWS reports, citing Anadolu Agency.

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