Oil

Qatar facing 'strategic shock' in energy, influence crisis in wake of Iran war

During the war, Qatar faced around 700 Iranian missile and drone attacks targeting US bases on its territory. Although no civilian casualties were reported, its economy faced devastating impacts.

People gather as smoke rises at the Industrial Area after reported Iranian missile attacks, following United States and Israel strikes on Iran, in Doha, Qatar, March 1, 2026
BP Cherry Point Refinery, near Seattle, Washington; illustrative.

At least four injured in incident at BP refinery near Seattle

An aerial view shows the oil tanker named Boracay (also called Pushpa), a vessel being investigated by French authorities and suspected of belonging to the so-called "shadow fleet" involved in the Russian oil trade, off the coast of the western France port of Saint-Nazaire, France, October 2, 2025

US renews Russian oil waiver after pressure from countries dealing with Iran war price shocks

An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026.

Five tankers seen loading oil on Iran's Kharg Island, as US blockades Strait of Hormuz - report


Meloni warns Iran's plan to charge for passage through Strait of Hormuz could disrupt global trade

Italian Deputy Prime Minister Matteo ⁠Salvini said on Wednesday that Italy would not deploy naval vessels to patrol the area without authorization from the United Nations. 

Italian Prime Minister Giorgia Meloni speaks during a joint statement with President of Cyprus Nikos Christodoulides, at Chigi Palace, in Rome, Italy, February 26, 2026.

Trump, Starmer discuss reopening of Strait of Hormuz

The reopening of the Strait, which carries about a fifth of the world's oil consumption, is an important component of the US-Iran ceasefire deal.

The Callisto tanker sits anchored as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 10, 2026.

Hormuz at near standstill as Iran warns ships to keep to its waters

Mitsui O.S.K. Lines, one of Japan’s big three shipping firms, is among those caught up in the confusion as firms try to work out what impact the US-Iran two-week ceasefire is having.

A ship passes through the Strait of Hormuz.

US and Iran reach temporary ceasefire

“The temporary U.S.-Iran ceasefire has eased tensions and boosted markets, but lasting stability remains uncertain.”

Global markets rally, oil drops below $100 after US-Iran ceasefire

The main oil barrel indexes show a 15% average fall, while most markets worldwide, especially Asian markets, are opening up during early trading hours.

Oil barrels and several hundred dollars; Illustrative.

Heat, costs, shortages: US faces limits in deciding next actions in Iran - report

Iran could achieve USD 70-90 billion in annual revenue if the Islamic regime is allowed to charge a toll in the Strait of Hormuz, according to a J.P. Morgan paper.

An illustration of oil barrels, pipelines, and drills, over the backdrop of US and Iranian flags.

South Korea envoy to visit Kazakhstan, Oman, Saudi Arabia to secure oil supplies

South Korea is also working with international partners to ensure the safe passage of 26 South Korean-flagged vessels currently waiting inside the Strait of Hormuz, the envoy said.

Birds fly near the Jag Vasant vessel transferring LPG at a port after transiting the Strait of Hormuz amid supply disruptions linked to the US-Israeli conflict with Iran, in Mumbai, India, April 1, 2026.

Strait of Hormuz closure has raised oil prices, but not without precedent - analysis

Even as gas prices have risen in recent weeks, another set of numbers has remained relatively contained: the markets.

A map showing the Strait of Hormuz, also known as Madiq Hurmuz, and 3D printed oil barrels are seen in this illustration taken March 26, 2026.

IDF strike kills Head of Commerce at Iranian regime's oil headquarters

The IRGC's Oil Headquarters generates billions of dollars annually in profits for the Iranian regime's brutal police force through oil sales.

IDF GRAPHIC describing Mohammad Reza Ashrafi Kahi.

Iranian drone attack sparks fire at Shuwaikh Oil Complex in Kuwait

The drone attack caused a fire at the Shuwaikh Oil Sector Complex, but no injuries were reported.

Kuwait Petroleum Corporation headquarters, illustrative.