LEYLA KALKAVAN

The U.S.-Israeli war on Iran has disrupted oil and natural gas exports from the Middle East and forced production stoppages from Qatar to Iraq, with Kuwait announcing cuts over the weekend.Analysts predict that the United Arab Emirates and Saudi Arabia will also have to cut output soon as they run out of oil storage.Below are the main energy disruptions so far:PRODUCTION SHUTDOWNSIraqi output collapses: the country's oil production from its main southern oilfields has fallen by 70% to just 1.3 million barrels per day (bpd) from 4.3 million barrels per day (bpd) before the war, as exports via the Strait of Hormuz remain shut, three industry sources said on March 8.

Hong Kong conglomerate CK Hutchison said on Friday it has escalated its legal fight in Panama after the government seized its port operations, petitioning for a review of the decree behind the takeover.The company said Panama unlawfully occupied facilities, seized property and ignored consultations, prompting further national and international legal action.CK Hutchison's Panama Ports Company (PPC), which manages two terminals near the globally strategic Panama Canal, filed an administrative petition seeking reconsideration of Panama's executive action that led to the occupation of its facilities and confiscation of its property, CK Hutchison said.

Iran's Revolutionary Guards said on Thursday that they had hit a U.S. tanker in the northern part of the Gulf and the vessel was on fire. There was no immediate confirmation of the incident or of a similar attack that Iran claimed earlier this week.The Guards said in their Thursday statement carried by state media that, in time of war, passage through the Strait of Hormuz will be under the control of the Islamic Republic.(Reuters - Reporting by Elwely Elwelly; additional reporting by Jonathan Saul; editing by Philippa

A Quick Q&A with Port of the Future Founder and Event Director Kevin Clement on key differentiators and the value of attending, exhibiting and speaking at Port of the Future 2026:CLICK HERE to discover the conference line-up and to register for Port of the Future 2026 in Houston, March 23-25.Q: What inspired the creation of the Port of the Future Conference?The idea started in 2019 with Dr. Tony Ambler at the University of Houston. The vision was to create an annual event focused on the future of ports—one that would connect the maritime industry with universities, promote new research, and encourage innovative thinking around port technology and operations.

A U.S. submarine sank an Iranian warship off the southern coast of Sri Lanka, killing dozens of sailors and dramatically widening Washington's pursuit of the Iranian navy.Sri Lanka's deputy foreign minister identified the warship as the frigate IRIS Dena, and said it was heading back to Iran from an eastern Indian port.The attack happened hundreds of miles across the Indian Ocean from the Gulf, where U.S. and Israeli forces are striking Iran and Tehran is retaliating with missile and drone attacks."An American submarine sank an Iranian warship that thought it was safe in international waters," U.S. Defense Secretary Pete Hegseth said at the Pentagon. "Instead, it was sunk by a torpedo.