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LNG's role as a key feedstock is well established as it helps manage both input costs and carbon emissions. Heavy industrial users' drive to achieve net zero targets has added a new dimension to how and where it is being deployed. Overall, its use is expected to increase and is tipped to become the strongest-growing fossil fuel.
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US, Iran OK 2-week ceasefire, terms differ: Update
US, Iran OK 2-week ceasefire, terms differ: Update
Updates with Iran's confirmation of ceasefire and assumed conditions Washington, 7 April (Argus) — The US and Iran said on Tuesday they would halt hostilities for a two-week period to finalize a peace deal, but their public statements differ on the status of navigation through the strait of Hormuz. President Donald Trump late on Tuesday said he would delay a planned massive attack against Iran's civilian and energy sites by two weeks if Iran agrees to allow free transit through the strait of Hormuz. Trump cited Pakistan's mediation and said that "subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks." Iran's supreme national security council confirmed the ceasefire agreement but described the peace proposal under discussion as enshrining "continued Iranian control over the strait of Hormuz", according to Iran's Tasnim news agency, which is linked to the Islamic Revolutionary Guard Corps. Trump made the announcement an hour before an 8pm ET deadline he set for starting a campaign to destroy "every" bridge and power plant in Iran. Pakistani prime minister Shehbaz Sharif previewed the move hours earlier by announcing that diplomacy between the US and Iran made progress and suggesting that the sides agree to a two-week ceasefire. Trump asserted that the US already met its military objectives and "are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East." He further said that Iran submitted a 10-point proposal that he described as workable. Tehran's statement described the 10-point proposal as enshrining its control over Hormuz, lifting all sanctions on Iran, acceptance of its right to nuclear enrichment, withdrawal of all US forces from the region and ending Israel's incursion into Lebanon. "We congratulate all the people of Iran on this victory," the supreme national security council said. The terms as described by Iran would represent a major strategic retreat for the US. But the White House has yet to confirm the details of the proposal. Israel has yet to express its position about the ceasefire and the peace proposal. Trump asserted that he would be negotiating on behalf of Iran's Mideast Gulf neighbors, which have already expressed reservation about any deal giving Iran any degree of control over the flow of oil and gas from the region. Little is known about the details of the negotiations and the identity of the negotiators from the two sides. Crude futures were down in after-hours trading following the confirmation of a ceasefire by both the US and Iran. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Trump offers 2-week ceasefire to Iran
Trump offers 2-week ceasefire to Iran
Washington, 7 April (Argus) — President Donald Trump late on Tuesday said he would delay a planned massive attack against Iran's civilian and energy sites by two weeks if Iran agrees to allow free transit through the strait of Hormuz. Trump made the announcement an hour before an 8pm ET deadline he set for starting a campaign to destroy "every" bridge and power plant in Iran. Pakistani prime minister Shehbaz Sharif previewed the move by announcing, hours earlier, that diplomacy between the US and Iran made progress and suggesting that the sides to the war agree to a two-week ceasefire. Trump cited Pakistan's mediation and said that "subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks." Trump asserted that the US already met its military objectives and "are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East." He further said that Iran submitted a 10-point proposal that he described as workable. Tehran has yet to confirm that it will relinquish its control of transit through the strait of Hormuz. Little is known about the details of the negotiations and the identity of the negotiators from the two sides. Trump previously asserted progress in talks with unnamed Iranian representatives, pushing back the deadline for his announced plan to attack Iran's infrastructure and energy sites. The US and Israel already have attacked civilian and energy sites in Iran since the war started on 28 February, prompting Tehran to retaliate by striking at similar facilities in neighboring Mideast Gulf countries. Tehran on Tuesday said if Trump followed through with the types of attacks he promised it would retaliate by targeting Saudi Aramco oil production facilities and its Yanbu oil loading terminal on the Red Sea coastline, as well as the Fujairah port facilities in the UAE, according to Iran's Tasnim news agency, which is linked to the Islamic Revolutionary Guard Corps. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Pakistan calls for 2-week halt to US-Iran war
Pakistan calls for 2-week halt to US-Iran war
Washington, 7 April (Argus) — Diplomatic efforts to end the US-Israeli war with Iran have progressed far enough to yield "substantive results", Pakistani prime minister Shehbaz Sharif said on Tuesday, suggesting that the US should suspend hostilities and Iran should allow free transit through the strait of Hormuz for a period of two weeks. Sharif made the announcement in a social media post hours before the latest deadline set by President Donald Trump for what he casts as a planned attack against Iran's civilian and energy sites. Trump has threatened to destroy "every" bridge and power plant in Iran starting at 8pm ET on Tuesday. "Diplomatic efforts for peaceful settlement of the ongoing war in the Middle East are progressing steadily, strongly and powerfully with the potential to lead to substantive results in near future," Sharif said in a social media post at 3:17pm ET. "To allow diplomacy to run its course, I earnestly request President Trump to extend the deadline for two weeks," Sharif wrote. "Pakistan, in all sincerity, requests the Iranian brothers to open (the) strait of Hormuz for a corresponding period of two weeks as a goodwill gesture." The US and Iran on Monday both dismissed terms of a ceasefire proposed by Pakistan. Little is known about the details of the negotiations and the identity of the negotiators from the two sides. Trump previously asserted progress in talks with unnamed Iranian representatives, pushing back the deadline for his announced plan to attack Iran's infrastructure and energy sites. The US and Israel already have attacked civilian and energy sites in Iran since the war started on 28 February, prompting Tehran to retaliate by striking at similar facilities in neighboring Mideast Gulf countries. Tehran on Tuesday said it would retaliate against the types of attack promised by Trump by targeting Saudi Aramco oil production facilities and its Yanbu oil loading terminal on the Red Sea coastline, as well as the Fujairah port facilities in the UAE, according to Iran's Tasnim news agency, which is linked to the Islamic Revolutionary Guard Corps. Trump's latest ultimatum pushed May Nymex WTI to around $113/bl on Tuesday. The North Sea Dated crude benchmark rose to a fresh record of $144.68/bl on Tuesday. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Trump threatens death of Iranian civilization: Update
Trump threatens death of Iranian civilization: Update
Adds details on the latest diplomatic moves to end the war Washington, 7 April (Argus) — US president Donald Trump warned Iranian civilization "will die" tonight if Tehran does not accede to his demands and assure safe passage through the strait of Hormuz. Trump has threatened to destroy "every" bridge and power plant in Iran starting at 8pm ET on Tuesday and says such a mission could be accomplished in four hours. "A whole civilization will die tonight, never to be brought back again," Trump warned in a post on his social media platform on Tuesday. "I don't want that to happen, but it probably will." Trump said the US-Israel military strikes on Iran have already brought about regime change in Tehran that has created an environment "where different, smarter, and less radicalized minds prevail." "Maybe something revolutionarily wonderful can happen, WHO KNOWS? We will find out tonight, one of the most important moments in the long and complex history of the World. 47 years of extortion, corruption, and death, will finally end. God Bless the Great People of Iran!" Trump wrote. Trump has repeatedly pushed back the timing of his threat to destroy Iran's infrastructure, most recently at the weekend when he said the attack would take place on Tuesday rather than on Monday. Trump said he did not want to attack the day after Easter. Iran has threatened to respond to any attacks on its power infrastructure with a corresponding attack on neighboring countries that are hosting US military infrastructure. Trump has dismissed suggestions attacks on Iran's bridges and power plants could be deemed war crimes. Diplomacy continues Pakistan-led diplomatic efforts aimed at ending the US-Israel war with Iran have reached a critical stage, Iran's ambassador to Pakistan Reza Amiri Moghaddam said Tuesday. Pakistan has been leading mediation efforts between Washington and Tehran over the past two weeks, working alongside countries like Egypt, Turkey and Saudi Arabia. Moghaddam described Islamabad's interventions as "positive and productive". The comments provide some hope for de-escalation, although Tehran and Washington have publicly dismissed terms of a ceasefire proposed by Pakistan . Before his threat to end Iranian civilisation, Trump called the proposals "significant" but "not good enough". Iran has said a ceasefire would only provide a "pause" for the US and Israel to refresh their military forces and equipment in preparation for a new attack. "No intelligent person would accept such a thing," Iran's foreign ministry spokesman Esmail Baqaei said. "Our demand is for an end to the imposed war, along with assurances that this vicious cycle will not be repeated." By David Ivanovich and Nader Itayim Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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