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European Oil Markets
27JUL

AUMF unfiled, blackout hits 1,728 hours

3 min read
10:27UTC

Senator Lisa Murkowski's Iran AUMF remained unfiled on 13 May, rendered procedurally moot by Hegseth's Article 2 testimony. Iran's internet blackout reached 1,728 cumulative hours by 12 May, projecting the 2,000-hour milestone to 18-19 May.

EconomicDeveloping
Key takeaway

Murkowski's AUMF stayed unfiled on 13 May while Iran's blackout passed 1,728 cumulative hours.

Senator Lisa Murkowski's threatened Iran AUMF remained unfiled on 13 May 2026, the deadline she set on 9 May having passed and Pete Hegseth's Article 2 testimony on 12 May having rendered the instrument procedurally moot. Murkowski's earlier condition for filing had been a credible White House plan with defined objectives, success metrics, exit criteria and congressional reporting. None of those documents has arrived; what arrived instead was a cabinet officer telling appropriators under oath that none of them is required.

Iran's internet blackout reached 1,728 cumulative hours by 12 May, per NetBlocks data extending the 1,704-hour figure logged on 11 May . At the current round-the-clock accrual rate, the 2,000-hour milestone falls around 18-19 May, the week Trump returns from Beijing. Seventy-two days of near-total global isolation for roughly 90 million Iranians, with ATMs and hospital systems routed through the loyalist tier that still carries IRGC command and control, is now a domestic governance fact rather than a wartime emergency measure.

The Trump-Xi summit in Beijing on 14-15 May formally lists Iran as an agenda item alongside trade and Taiwan 1. The agenda line is the only paper on which Iran appears this week; everything else (Hegseth's testimony, the blackout extension, the BRICS Delhi meeting, the $29 billion war cost) runs on the verbal track that the Day 75 unsigned streak now confirms as method.

Deep Analysis

In plain English

Three things that have stayed the same since the Iran conflict began are worth summarising together. First: Senator Lisa Murkowski, a Republican from Alaska, had threatened to introduce legislation requiring President Trump to get congressional approval for the Iran war. As of 13 May, she still had not introduced it. The day before, a senior US official told Congress that Trump does not need congressional approval anyway. Second: Iran has had its internet cut off almost entirely since the war began in February. By 12 May that had added up to 1,728 hours, about 72 days, with no internet access for roughly 90 million people. At the current rate, the 2,000-hour mark arrives around 18-19 May. Third: the Trump-Xi summit in Beijing, starting 14 May, officially listed Iran on its agenda alongside trade and Taiwan. Both the US and China have now acknowledged Iran as a topic requiring bilateral discussion.

First Reported In

Update #96 · Hegseth: no AUMF needed. Trump flies east

The White House· 13 May 2026
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Causes and effects
This Event
AUMF unfiled, blackout hits 1,728 hours
Three loose ends crystallise the week's posture: the legislative brake formally moot, the domestic isolation extending toward a new milestone, and the Trump-Xi summit listing Iran without any signed text behind the agenda line.
Different Perspectives
Asian buyers (India, Japan, China, South Korea)
Asian buyers (India, Japan, China, South Korea)
Asian refiners are absorbing 62% of Yanbu's 3.75m b/d flow, the bulk of Saudi Arabia's rerouted crude now clearing east rather than into the Atlantic basin. That destination split leaves Asian buyers more exposed to any single Yanbu-specific disruption than under the kingdom's normal multi-terminal export pattern.
Russia / Lukoil
Russia / Lukoil
Moscow loses the roughly $14-a-barrel legal headroom the frozen price-cap formula would otherwise have released toward $58, even as Urals trades below Russia's own $59 budget floor. The shadow-fleet insurance workaround the freeze leaves untouched remains the actual route sanctioned crude clears above $44 in practice.
European Union / Council
European Union / Council
Brussels adopted its 21st sanctions package on 23 July, letting boarding states confiscate and sell shadow-fleet cargo outright and freezing the G7 price cap's automatic adjustment to mid-2027, converting indefinite tanker storage into recoverable value for enforcers.
Freight and tanker desks
Freight and tanker desks
The Baltic Exchange's TD3C VLCC benchmark, most desks' reference for Gulf freight, prices a single-vessel voyage while Saudi shippers now pay for two Suezmax charters at roughly double the transit time. That gap leaves any book hedged purely on TD3C carrying unrecognised Suezmax basis risk on the bulk of Saudi rerouted volume.
Mediterranean refiners (Sines, Trieste, Augusta)
Mediterranean refiners (Sines, Trieste, Augusta)
Refiners already facing aframax rates up 198% month-on-month now watch Ain Sokhna draw 23% of Yanbu's rerouted crude through the same SUMED corridor they lean on for product backfill. Fujairah and ARA stocks near record lows leave little room to absorb a thinner Suez product flow.
Saudi Arabia
Saudi Arabia
Riyadh has rerouted its entire western-coast crude book through Yanbu and Suez since the 23 July Bab el-Mandeb embargo, absorbing a roughly $2m-per-voyage Suezmax premium on every diverted cargo. The kingdom's fiscal breakeven near $108 a barrel makes that freight cost, not the blockade itself, the more durable drag on export economics.