https://en.mercopress.com/ South Atlantic News Agency en Copyright 2026, MercoPress. https://en.mercopress.com/web/img/en/mercopress-logo.gif http://en.mercopress.com/ The conflict in the Strait of Hormuz and its consequences for the global supply of oil and other derivative products have not bypassed the Falkland Islands, which, as one local lawmaker put it, sit "at the tail end of global distribution."

]]> Fri, 08 May 2026 01:20:00 GMT US President Donald Trump on Tuesday night announced the suspension of “Project Freedom,” the military operation launched barely 24 hours earlier to escort stranded vessels through the Strait of Hormuz, citing significant progress toward a peace agreement with Iran. The announcement, posted on his Truth Social platform, contradicted the messaging sustained throughout the day by Secretary of State Marco Rubio, Secretary of Defense Pete Hegseth, and Joint Chiefs chairman General Dan Caine, all of whom had framed the operation as a non-negotiable humanitarian rescue mission for stranded sailors.

]]> Wed, 06 May 2026 01:45:00 GMT Brent crude touched $126.41 a barrel on Thursday, its highest level since Russia's invasion of Ukraine in 2022, after Axios reported that the US Central Command (CENTCOM) was preparing a military plan contemplating a wave of “short and powerful” strikes on Iranian infrastructure to force Tehran back to the negotiating table. The price subsequently moderated to close near $114, a decline partly attributed to the expiration of the June futures contract, but the European benchmark has gained more than 60% since the start of the war against Iran on February 28.

]]> Fri, 01 May 2026 07:44:00 GMT The US-Iran conflict has propelled currencies from energy-exporting countries into the limelight, with windfall profits from exports of oil, gas and metals helping them to outperform the US dollar.

]]> Wed, 29 Apr 2026 13:46:00 GMT The United Arab Emirates announced on Tuesday its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, in a decision taking effect on May 1 that constitutes one of the most significant blows to the oil cartel in its more than six decades of existence. The announcement comes amid the largest energy crisis in years, triggered by the closure of the Strait of Hormuz during the war between the United States and Iran launched on February 28, and on the eve of the OPEC meeting scheduled for Wednesday in Vienna.

]]> Tue, 28 Apr 2026 19:20:00 GMT Brent crude closed on Friday at $105.33 a barrel, accumulating a gain of nearly ten dollars from the start of the week, in a market dominated by uncertainty over the US-Iran conflict and the prolonged closure of the Strait of Hormuz. The European benchmark crude touched $107.40 on Thursday — its weekly peak — before moderating its advance.

]]> Fri, 24 Apr 2026 19:40:00 GMT US President Donald Trump extended the ceasefire with Iran on Tuesday without setting a deadline, hours before his own two-week truce was set to expire without a deal. The decision came as Iran attacked two container ships in the Strait of Hormuz on Wednesday, with the White House declining to characterise the strikes as a ceasefire violation on the grounds that neither vessel was American or Israeli.

]]> Thu, 23 Apr 2026 11:51:00 GMT Cuba's government on Monday confirmed that a meeting with US representatives recently took place on the island, in the latest sign of a diplomatic approach between both countries amid a severe energy crisis caused by Washington's blockade of oil supplies.

]]> Mon, 20 Apr 2026 19:14:00 GMT Iran's reopening of the Strait of Hormuz lasted less than 24 hours. The Islamic Revolutionary Guard Corps declared on Saturday that it had reimposed "strict control" over the maritime corridor, through which roughly one-fifth of the world's oil and liquefied natural gas transits. At least two vessels reported being hit by gunfire while attempting to cross the strait, according to three maritime security sources cited by Reuters. It has not been confirmed whether the shots caused damage.

]]> Sat, 18 Apr 2026 10:58:00 GMT A Montevideo civil court dismissed an injunction filed by social organizations and fishing industry unions against seismic prospection activities for hydrocarbon exploration in Uruguay's exclusive economic zone, allowing operations by the company Viridien (CGG Services) to continue on an offshore block assigned to oil major Chevron.

]]> Sat, 18 Apr 2026 02:53:00 GMT