Iran has simultaneously kept Hormuz under military control, attacked tankers that entered routes it had not authorized and threatened to block all regional exports of oil, gas and petrochemicals while U.S. attacks continue. Politics, Geopolitics & ConflictIran has spent the week attacking the military infrastructure that allows the U.S. to wage war across the Middle East. Together, the Strait of Hormuz and the Bab el-Mandeb are among the world's most strategically important maritime chokepoints. Discovery & DevelopmentThe Permian Basin is already running out of natural gas pipeline capacity again. TotalEnergies doubled second-quarter profit as the Middle East war drove oil and gas prices higher, reinforcing how integrated energy majors are converting geopolitical disruption into record earnings.