Oil

In potential game-changer, Syria moves ahead on oil deal with Chevron, Qatar - analysis

This could be a major game-changer for Syria as it begins to regrow its economy after decades of sanctions and isolation.

YUSUF QABLAWI, CEO of the Syrian Petroleum Company, Frank Mount, head of Corporate Business Development at Chevron, and Erik Keskula, CEO of Power International Holding, sign a memorandum of understanding to develop an offshore oil and gas field for Syria.
IRANIAN BANKNOTES are displayed next to a US dollar bill in Neyshabur, Iran on December 30, 2025. The Iranian rial has continued to weaken against the US dollar amid high inflation, currency volatility and ongoing economic pressures linked to sanctions and domestic challenges.

How Iran’s economic collapse is tightening the regime’s options - analysis

ROOT & BRANCH volunteers rest after a long day of work harvesting olives together.

If our olives had eyes: Root & Branch brings Christians to connect with Israel

An illustration of the flags of Cuba and the US, with a rift in between.

Trump threatens tariffs on any nation supplying Cuba with oil


US targets crude oil tankers, firms in new Venezuela-related sanctions, Treasury website shows

The United States imposed new sanctions on four companies and oil tankers linked to Venezuela’s oil sector, as President Donald Trump ramps up pressure on President Nicolas Maduro.

An illustration of oil rigs over a background of a Venezuelan flag.

Iran seizes foreign oil tanker near Gulf, saying it was carrying millions of smuggled fuel liters

Iran said last week it had seized another foreign tanker carrying 6 million litres of what it described as smuggled diesel in the Gulf of Oman.

Etswani flagged vessel.

White House orders US forces to focus on 'quarantine' of Venezuelan oil for next two months

The White House has directed US forces to prioritize the "quarantine" of Venezuelan oil for the next two months, aiming to use economic pressure over military action.

An illustration of oil rigs over a background of a Venezuelan flag.

Iraq says gas supplies from Iran have been halted as Trump's 'maximum pressure' campaign kicks in

The ministry reported that 4,000 to 4,500 megawatts of power have been lost from the electrical system due to the halt in Iranian gas supplies.

Cracked brick wall painted with a Iranian flag on the left and a Iraqi flag on the right.

Oil’s geopolitical premium vanished in 2025 and may not return - opinion

Oil futures in 2025 have oscillated within a relatively narrow range, with the high coming in January before the Organization of the Petroleum Exporting Countries began production increases.

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

Ukraine hits Russian 'Shadow Fleet' tanker in Mediterranean with drones

The Ukrainian official did not say how the drones reached the ship, but said the operation involved "multi-stage" measures.

A Ukrainian sea drone approaches to strike the Dashan, a tanker part of Russia's so-called "shadow fleet", in the Black Sea, December 10, 2025, in this picture obtained from a video. S

Iran’s shadow aviation network keeps weapons flowing under sanctions

From disappearing flights to byzantine corporate structures, a groundbreaking report shows how China and Russia, along with many other countries, help Iran evade sanctions.

An Iranian soldier holds an RPG on Quds Day, in Tehran, Iran, April 5, 2024

Iran detains 18 crew members of foreign tanker seized in Gulf of Oman

Iran said those detained in the ongoing investigation include the tanker's captain. The vessel's identity and the crew members' nationalities were not disclosed.

Members of the Iranian Navy attend the joint Navy exercise of Iran, China and Russia in the Gulf of Oman, Iran, in this handout image obtained on March 12, 2025; illustrative.

US issues fresh sanctions targeting Maduro's family, Venezuela-linked oil tankers

The action came as the US executes a large-scale military buildup in the southern Caribbean and as US President Donald Trump campaigns for Maduro's ouster.

Venezuela's President Nicolas Maduro attends an event with supporters following U.S. President Donald Trump's statement that ground operations against drug cartels could be next, even without a declaration of war, in Caracas, Venezuela, October 23, 2025.

US seizes tanker said to transport sanctioned oil from Venezuela and Iran

Officials, speaking with Reuters on the condition of anonymity, said the US Coast Guard led the operation, and did not name the tanker or where the interdiction took place.

 A coast guard boat of the Venezuelan Navy operates off the Caribbean coast on the day Venezuela's President Nicolas Maduro says that Venezuela would deploy military, police, and civilian defenses at 284 "battlefront" locations across Venezuela, amid heightened tensions with the US, Sept. 11, 2025.