Energy Majors Capture Windfall As Navy Seizes Iranian Vessel #
The French supermajor TotalEnergies is preparing to report a massive first-quarter profit surge, driven by a $12.40 per barrel premium generated in the volatile crude markets. The margin expansion arrives as the United States Navy enforces a physical blockade of the Strait of Hormuz. On April 19, American forces boarded and seized the Touska, an Iranian-flagged cargo ship moving through the Gulf. According to Reuters, unspecified security sources stated the vessel was transporting dual-use items from China to Iran. The…