U.S. Vice President JD Vance said on Monday that he hopes text of an agreement to halt the war in Iran and open the Strait of Hormuz will be released this week, as further negotiations over the deal's details were set to continue. In an interview on CNBC, Vance also said the United States expects the economically vital waterway would be open without tolls on a long-term basis. "Our expectation is that the Strait is going to be opened in a toll-free way for the long-term," he [Read more]
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Trump says ships carrying oil are moving out of Strait of Hormuz
U.S. President Donald Trump said on Monday that many ships loaded with oil are starting to move out of the Strait of Hormuz. "Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz. They are going along the Southern 'Highway,' which is totally safe, secure, and pristine," he wrote in a Truth Social post. (Reporting by Susan Heavey and Katharine Jackson) [Read more]
Advantage Announces CEO Transition and Appointment of Interim CEO
(TSX: AAV) CALGARY, AB, June 15, 2026 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") today announced that Michael Belenkie has stepped down as President and Chief Executive Officer and as a director of the Corporation, effective today. The Board of Directors (the "Board") has appointed John Festival as Interim CEO, effective immediately. John Festival, Interim CEO and Chair of the Board, commented: "Advantage's business is performing well and continues to [Read more]
Scouring the Strait of Hormuz for mines could take weeks
Ensuring the Strait of Hormuz is safe from mines could delay a return to normal shipping traffic by weeks following a deal to reopen the waterway, shipping and maritime security sources say. The operation by conventional minesweepers and state-of-the-art underwater drones could continue for 40 to 50 days before many insurance, shipping or oil companies are confident enough to sail through, according to assessments from five Western maritime security sources. That could potentially hold up [Read more]
Surge Energy Inc. confirms July 2026 dividend
CALGARY, AB, June 15, 2026 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on July 15, 2026, in respect of June 2026 production, for the shareholders of record on June 30, 2026, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow [Read more]
Keyera Provides Business Update and 2029 Growth Outlook Following Completion of Plains’ NGL Acquisition
Establishing industry leading fee-based adjusted EBITDA per share1 growth targets to 2029 Initial $100 million near-term synergy target substantially realized and target increased Expanded Marketing segment is a strategic competitive advantage; providing 2026 Marketing segment realized margin1 guidance Capital allocation priorities unchanged; updating 2026 guidance CALGARY, AB, June 15, 2026 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera" or the "company") today announced a [Read more]
One LNG tanker passes Hormuz after US-Iran agree to deal, shippers stay cautious
India's Petronet sent a liquefied natural gas tanker through the Strait of Hormuz, the only shipment on Monday since the United States and Iran reached a peace deal to reopen the strategic waterway, shiptracking data showed. The limited traffic underscores wariness among shippers who have welcomed the deal but are still waiting for more details -including mine clearance in the strait - before allowing their vessels to pass through. Global oil prices fellabout 4% on Monday as the United [Read more]
Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz
Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel by 0004 GMT and U.S. West Texas Intermediate was at $80.87, down $4.01, or 4.72%. Both contracts tumbled more than 3% on Friday. The U.S. and Iran will sign a memorandum of understanding in Switzerland [Read more]
Australia’s Woodside Energy says it is unaware of any proposal involving Exxon Mobil
Australia's Woodside Energy said on Monday it was not aware of any proposal involving U.S. energy major Exxon Mobil and was not engaged in discussions regarding a potential transaction, responding to recent media speculation. The statement follows media reports that Exxon is studying a potential acquisition of the LNG producer as part of efforts to deepen its presence in liquefied natural gas and Asian markets. Western Australia Premier Roger Cook said on Sunday the government would oppose [Read more]
Fragile Iran deal offers oil relief, but Hormuz risks remain: Bousso
The U.S.-Iran deal ending months of fighting and reopening the Strait of Hormuz will prompt a collective sigh of relief from energy exporters and importers alike. But the fragile calm may not prevent future flare-ups, casting doubt over how quickly - or fully - tanker traffic through the vital waterway can return to normal. Under the agreement announced late on Sunday, Iran and the U.S. agreed to lift their blockades on the Strait of Hormuz, through which roughly a fifth of global oil and LNG [Read more]
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