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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.
Hormuz traffic Monday still low amid attacks
Hormuz traffic Monday still low amid attacks
New York, 1 September (Argus) — 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. A total of 13 vessels transited the strait of Hormuz on Monday, split between six inbound transits, including four tankers, and seven outbound transits, including three tankers. All vessel transits on Monday took place on the northern Iranian-controlled traffic lane, Windward data shows, with no vessels in the southern US-protected lane. Iran appears to have struck a Saudi Arabian very large crude carrier in the strait late on Monday, while it was transiting in the southern US-protected traffic lane . This was the second attack on a commercial vessel transiting through the southern lane in three days. By Charlotte Bawol Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Zim-Rec platform offers large volume of Zimbabwe I-RECs
Zim-Rec platform offers large volume of Zimbabwe I-RECs
Singapore, 1 September (Argus) — Nearly 4TWh of hydropower International Renewable Energy Certificates (I-RECs) in Zimbabwe have been put on sale through a domestic trading platform, increasing local supply significantly. A total of 3.8TWh of hydropower I-RECs generated from the 1.05GW Kariba South Bank plant between July 2025-26 are on sale on the Zim-Rec platform, with no expiry date. Domestic hydropower I-RECs have previously traded at around $1-1.50/MWh, although volumes have been small. Total Zimbabwe I-REC issuance has been less than 28GWh since 2023, when the country was approved for I-REC issuance. Apart from the Kariba South hydropower station, first commissioned in 1960, only one other 5MW hydropower station commissioned in 2024 has been registered to issue I-RECs in Zimbabwe. No plants of other generating technologies have been registered. Market participants in Zimbabwe retired 1.53GWh of I-RECs in 2025 and 150MWh so far in 2026. Most of the certificates used are from neighbouring South Africa. Argus last assessed current-year South African solar and wind I-RECs at $0.59/MWh on 27 August. Zimbabwe's National Renewable Energy Policy, adopted in 2019, had called for mandatory renewable purchase obligations, which would require consumers to document a portion of renewables in their electricity consumption. The scheme has not been implemented, but Zim-Rec founding company Silver Carbon is in discussions with the government to finalise and introduce the mechanism. Zimbabwe is part of the Southern African Power Pool, a programme working to connect the power grids of 12 regional countries. Corporate standards such as RE100 do not recognise the pool as a single RECs market, but the Greenhouse Gas Protocol is considering recognising regional African power pools as part of proposed deliverability clauses under its Scope 2 guidance. Zimbabwe is targeting 2.1GW of renewable power capacity, excluding large hydropower, by 2030. The country has 105MW of grid connected solar and 100MW of bioenergy in 2025, according to the International Renewable Energy Agency. By Liang Lei Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Advancing HVO markets in 2026
Advancing HVO markets in 2026
US Flat-Rolled Contracts Under Negotiation
US Flat-Rolled Contracts Under Negotiation















