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US, Iran exchange strikes after Hormuz impasse: Update
US, Iran exchange strikes after Hormuz impasse: Update
Updates with details throughout Washington, 1 September (Argus) — US and Iranian forces exchanged strikes on Tuesday, following apparent Iranian attacks on Saudi tankers attempting to transit through the strait of Hormuz. US strikes targeted Islamic Revolutionary Guard Corps (IRGC) installations beginning at 12pm ET (16:00 GMT) on Tuesday, said the US Central Command (Centcom), which oversees Middle East-based US forces. The US strikes hit targets on Qeshm island in the strait of Hormuz and near Bandar Abbas in southern Iran, according to the IRGC-affiliated Iranian news agency Tasnim. IRGC said it launched missile and drone attacks against US bases in Jordan and Bahrain and claimed that an Iranian missile hit resulted in casualties at a Jordan-based US base. Centcom did not confirm the Iranian claim. President Donald Trump on Tuesday vowed to retaliate at "a much harder and higher level" in response to the Iranian attacks on US bases. Trump told Fox News that the US strikes on Tuesday targeted the recently-rebuilt Iranian radar installations, according to the US network's account of the interview that the White House confirmed. October Nymex WTI rose by almost 6pc to $90.22/bl on Tuesday following the resumption of US-Iranian strikes. Centcom said the Tuesday attacks were a retaliation after two very large crude carriers (VLCCs) carrying Saudi crude were involved in separate security incidents in the strait of Hormuz. The US and Iran exchanged strikes on Monday for the first time in more than a month. The US said it had taken "limited, precise action" against Iran's IRGC minelaying forces on Larak island in Hormuz, while the IRGC said it retaliated with ballistic missile attacks against US bases in Jordan. The Pentagon cited the IRGC attack on the US base in Jordan on Monday as an additional justification for the US military action on Tuesday. Iran's ability to target ships passing through Hormuz counters recent US claims of having decisively eliminated Tehran's military threat and of enabling an increase in oil exports through the critical Mideast Gulf waterway. Vessel traffic through the strait of Hormuz remained low on Monday, according to data from maritime security firm Windward. Trump on Monday "officially" declared Iran a "failed nation", citing the supposed destruction of its military potential. Trump said last week that the US military removed all Iranian mines in the strait of Hormuz. But on Tuesday, he said that he ordered US strikes "in retaliation for the Iranians' failed attempt at adding sea mines to the Strait, which currently has no mines (They have been completely removed or detonated!)". Treasury secretary Scott Bessent, speaking on the sidelines of the G20 finance ministerial in North Carolina on Tuesday, likewise described Iran as "militarily crushed" and said that the US was prioritizing its naval blockade and new economic sanctions against Iran to bring pressure on Iran. Bessent at the same time downplayed the importance of Hormuz. "In two years, the strait of Hormuz will be like a worthless piece of water," he said, citing projects by Mideast Gulf states to diversify exports from the region by pipelines. Earlier Tuesday Iranian president Masoud Pezeshkian said the country would immediately reciprocate if the US returns to its commitments under an interim agreement reached in June. Tehran has repeatedly linked the restoration of free navigation through the strait of Hormuz to US implementation of the June agreement. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Frontieras, Western Fuels eye Wyo. coal-to-fuel plant
Frontieras, Western Fuels eye Wyo. coal-to-fuel plant
Houston, 1 September (Argus) — US-based energy and technology company Frontieras North America signed a memorandum of understanding with Western Fuels, owner and operator of Wyoming's Dry Fork mine, to develop a coal-to-fuel plant at the facility. Under the memorandum, the companies established a framework to negotiate the terms of a ground lease for the proposed conversion project to be developed at the mine. Frontieras would use processing technology designed to convert Dry Fork's sub-bituminous coal into liquid fuels including ultra-low-sulfur diesel (ULSD). Through this partnership, Western Fuels would purchase some of the ULSD produced at the site for its mining and transportation operations. Frontieras would use Western Fuel's railway infrastructure to ship products made at the new facility. A coal-feedstock supply agreement would have the Dry Fork mine initially supply an estimated 2.7mn short tons (st)/yr (2.45mn metric tonnes) of coal and about 5.4mn st/yr upon completion of the project. "We are looking ahead to determine opportunities that expand this relationship across the full Western Fuels cooperative — broadly serving our member utilities and their communities while fulfilling our mission," Western Fuels chief executive Adam Anderson said. The companies have not disclosed financial details or details of the project's construction. The Wyoming project follows Frontieras' announcement in January about its plan to develop a $850mn coal-to-fuel plant in West Virginia. Output from Dry Fork in April-June rose to 1.08mn st from 1mn st a year earlier, US Mine Safety and Health Administration data show. By Matt Martin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US resumes air strikes against Iran
US resumes air strikes against Iran
Washington, 1 September (Argus) — US forces began to carry out strikes against Iran at 12pm ET (16:00 GMT) on Tuesday following apparent Iranian attacks on Saudi tankers attempting to transit through the strait of Hormuz. US strikes hit targets on Qeshm island in the strait of Hormuz and near Bandar Abbas in southern Iran, according to Iranian news agency Tasnim, which is affiliated with the Islamic Revolutionary Guard Corps (IRGC). Washington appeared to expect strong retaliation from Iran, with US embassies in Jordan, Qatar, Bahrain and Oman issuing security warnings to US citizens living in those countries. Two very large crude carriers (VLCCs) carrying Saudi crude have been involved in separate security incidents in the strait of Hormuz, according to navigational warnings from the Pakistan Navy. The US and Iran exchanged strikes on Monday for the first time in more than a month. The US said it had taken "limited, precise action" against Iran's IRGC minelaying forces on Larak island in Hormuz, while the IRGC said it retaliated with ballistic missile attacks against US bases in Jordan. The Pentagon cited the IRGC attack on the US base in Jordan as an additional justification for the military action on Tuesday. Iran's ability to target ships passing through Hormuz counters recent US claims of having decisively eliminated Tehran's military threat and of enabling an increase in oil exports through the critical Mideast Gulf waterway. Vessel traffic through the strait of Hormuz remained low on Monday amid increased attacks on commercial vessels transiting the waterway, according to data from maritime security firm Windward. Trump on Monday "officially" declared Iran a "failed nation", citing the supposed destruction of its military potential. Treasury secretary Scott Bessent, speaking on the sidelines of the G20 finance ministerial in North Carolina on Tuesday, likewise described Iran as "militarily crushed" and said that the US was prioritizing its naval blockade and new economic sanctions against Iran to bring pressure on Iran. Bessent at the same time downplayed the importance of Hormuz. "In two years, the strait of Hormuz will be like a worthless piece of water," he said, citing projects by Mideast Gulf states to diversify exports from the region by pipelines. Earlier Tuesday Iranian president Masoud Pezeshkian said the country would immediately reciprocate if the US returns to its commitments under an interim agreement reached in June. Tehran has repeatedly linked the restoration of free navigation through the strait of Hormuz to US implementation of the June agreement. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Netherlands proposes onshore wind planning rules
Netherlands proposes onshore wind planning rules
London, 1 September (Argus) — The Dutch government has proposed draft rules on onshore wind planning, which if passed would fill a legal vacuum that has existed since 2021. The rules propose a distance standard under which new onshore turbines will have to be twice as far from homes as the peak height of the blade tips. Authorities will have to take this standard into account, rather than apply it across the board, which will allow for flexibility to balance interests, the government said. The Netherlands has no national planning rules on onshore turbines at present, after a court struck down previous regulations in 2021. Since then, some developers have delayed construction plans, while others have opted to follow local regulations, which would be superseded by the national regulation. The proposed distance standard does not apply to repowering of existing projects, nor to housing which has been planned but not yet built. Dutch net onshore wind additions peaked in 2021 at 998MW, according to data from statistics body CBS. They have since declined every year, and government business agency the Netherlands Enterprise Agency predicts onshore wind capacity could shrink this year , although a larger pipeline of projects in the earlier stages of planning could mean the fleet returns to growth in the following years. Wind sector industry association NedZero welcomed the planning measure, saying "the sector finally knows where it stands" after five years. But it called for the standard to apply to population centres, rather than individual homes, saying using the latter standard would mean space for turbines is "severely limited". And the body called for more targeted exceptions to the regulations to allow development in industrial areas and ports. By Rhys Talbot Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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