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Some recent developments ***Abu Dhabi*** state oil giant ADNOC has shut its Ruwais ***refinery, its largest refinery*** [***https://www.reuters.com/business/energy/g7-eu-hold-calls-soaring-energy-prices-2026-03-10/***](https://www.reuters.com/business/energy/g7-eu-hold-calls-soaring-energy-prices-2026-03-10/) G7 has agreed to hold back and NOT deploy oil reserves just yet. They potentially see that this conflict and oil crisis could be just starting. [https://www.cnbc.com/video/2026/03/10/u-s-intelligence-sees-signs-of-iran-preparing-to-deploy-mines-in-strait-of-hormuz.html](https://www.cnbc.com/video/2026/03/10/u-s-intelligence-sees-signs-of-iran-preparing-to-deploy-mines-in-strait-of-hormuz.html) Iran potentially beginning to deploy mines inside of the strait of Hormuz. WH originally reported escorting tankers through, which was later contradicted in a later statement and deleted as no tankers have been escorted through …