Iran has seized a boat suspected of being used to smuggle fuel and arrested its 11 crew members near a vital oil shipping lane, state television reported on Monday. A naval patrol of the Islamic Revolutionary Guard Corps intercepted the vessel carrying 250,000 litres of fuel near the Strait of Hormuz, state TV’s website said, citing a commander of the force. Source France24
Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades, and aren’t expected to recover, a new report said. Source Energy Voice
The US has also been pressuring European countries to not let 5G equipment manufactured by Huawei gain a foothold – but it’s looking as if most of Europe isn’t on the same page. On that note, Germany has just finalized rules for 5G rollout and the country doesn’t believe that Huawei poses a threat. Take a look below for more details. Source Wccftech
League leader Matteo Salvini said on Monday the euro was here to stay and he hoped that nobody in his far-right, euroskeptic party would ever again raise doubts over Italy’s membership of the single currency. Source Reuters
