On May 10, 2018, a choke point facing Iranian attacks was involved, which was a major refining hub in Venezuela.

The entities involved

• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
  • Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54
• Hormuz →

  city in Hormozgan Province, Iran

  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
  • Talks regarding an Iran deal are underway, with a ceasefire reached after deadly exchanges, and Trump supporting Israel.Mon 17:12
• Venezuela →

  Country in Latin America

  • The Organization of American States (OAS) is currently gathering to address and resolve political crises in several member states, including Haiti, Venezuela, Guatemala, and Nicaragua.Mon 13:11
  • Fundraising supports aid work in Venezuela.Mon 11:26
• PDVSA →

  Venezuelan government-owned oil company

  • PDVSA, Venezuela's state oil company, signed a crude and gas agreement with Repsol to regain operational control of assets in Lake Maracaibo.Mon 04:49
  • The United States claims a 20 percent stake in Venezuelan oil reserves, which are managed by PDVSA.Sun 00:37

Related events

• Attacks by Iran and its proxies damage energy infrastructure near Hormuz, leading to global refining deficit estimates.Aug 4
• The ongoing Middle East conflict and chokepoint closures are impacting global energy flows, specifically straining Asian gas supplies and shifting US oil production dominance.Sep 8
• Iranian attacks disrupt oil flow through Hormuz, impacting global oil market stability.Fri 03:42
• Global shortages due to regional disruptions are occurring as the Dangote oil refinery expands toward world-leading capacity.Sep 10
• Oil refinery attacks disrupt global supply, driving price escalation and affecting energy market regulation.Thu 13:42