Oil

After Iran war, attack on Gulf States, will the GCC withdraw from Arab League - analysis

Abdullah Al-Khamis, a Kuwaiti political journalist, proposes an alternative: an Arab coordination council comprising the Gulf states, Jordan, Morocco, and Syria.

Jordan's Foreign Minister Ayman Safadi chairs an extraordinary meeting of Arab League foreign ministers day before the 51st Session of the Council of Foreign Ministers of the Organisation of Islamic Cooperation (OIC), in Istanbul, Turkey, June 20, 2025
An illustration of oil barrels, pipelines, and drills, over the backdrop of US and Iranian flags.

Oil surges, stocks fall as US-Iran tensions threaten Strait of Hormuz shipping flows driving risk

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

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

BP Cherry Point Refinery, near Seattle, Washington; illustrative.

At least four injured in incident at BP refinery near Seattle


Oil is Trump‘s Achilles heel: The Iran war is being fought at the gas pump - opinion

The world’s largest oil producer is being held hostage by Iran’s blockade of a 21-mile-wide chokepoint as President Donald Trump decides how to deal with the strait’s closure.

INDIAN VESSEL ‘Nanda Devi’ carrying liquefied petroleum gas arrives at Vadinar Port in the Jamnagar district of Gujarat state earlier this week, after Iran allowed it to pass through the Strait of Hormuz, a key energy corridor that Iran has selectively closed.

Your Taxes: The Iran war’s commercial impact

The latest Iran war is having an economic impact on the world economy. If less fuel is available to the world through the Strait of Hormuz, it means less travel and fewer petroleum products.

 Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken, June 6, 2023.

US-Iran war pushes India to rekindle old friendship with Russia

Delhi and Moscow are deepening their energy cooperation, with both sides agreeing to prepare for Russia to resume direct sales of liquefied natural gas.

 Russian President Vladimir Putin (C), Indian Prime Minister Narendra Modi (4R) and Indian President Smt. Droupadi Murmu (5R) greet delegations during the welcoming ceremony at the Rashtrapati Bhavan Presidental Palace, on December 5, 2025 in New Delhi, India.

Trump says Iran's 'present' to US was allowing ten oil tankers through Hormuz

Trump made the comments at a Cabinet meeting in the White House, elaborating on what he had previously described as an energy-related "present" from Iran.

US President Donald Trump holds a cabinet meeting at the White House in Washington, DC, US, March 26, 2026.

Iran fortifying Kharg Island in preparation for potential US attack - report

US officials and military experts have warned of the significant risks that a US ground invasion of Kharg Island, Iran's primary hub for oil exports, would pose.

A satellite image shows an oil terminal at Kharg Island, Iran, February 25, 2026. 2026

United Airlines CEO: Ticket prices may climb by as much as one-fifth due to fuel prices

United Airlines modeled a worst-case scenario in which prices reach $175 per barrel.

 FedEx airplane.

Asia looks to COVID-era playbook to tackle fuel crisis from Iran war

Asia is at the frontline of the fuel crisis, buying more than 80% of the crude that transits the Strait of Hormuz, which has been almost totally blocked by Iran since the war broke out in February.

A coastguard boat approaches an Indian liquefied petroleum gas (LPG) carrier, Shivalik, as it arrives at Mundra Port via the Strait of Hormuz, amid the US-Israel conflict with Iran, in Gujarat, India, March 16, 2026.

Iran tells UN: 'non-hostile' ships can transit Strait of Hormuz

The note regarding the Strait of Hormuz from Iran's Ministry of Foreign Affairs was sent to the 15-member Security Council and UN Secretary-General Antonio Guterres.

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.

Asia is most affected continent by Strait of Hormuz closure, with 80% of Gulf energy imports

A New York Times report revealed that Asian countries are entering an energy crisis due to the closure of the Strait of Hormuz, while Western nations will feel the economic effects of the war.

Asia will be the most affected continent by the closure of the Strait of Hormuz.

Traders bet $500 million on oil price just before Trump's post on delay to Iran attack

Having issued Iran with a Monday deadline to reopen the critical Strait of Hormuz or face its power plants being "obliterated," Trump's post unleashed a powerful selloff in oil and natural gas.

U.S. Stock Market.