Oil

Trump administration weighs seizing Iranian oil tankers to further pressure Tehran - WSJ

The move would put significant pressure on Iran’s main source of revenue, according to US officials, but “faces many obstacles,” including concerns regarding Iranian retaliation.

 US military forces boarded the crude oil tanker Aquila II in the Indian Ocean after pursuing it from the Caribbean. The vessel was accused of breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela. February 9, 2026.
Oil tanker Bronco sits anchored in Lake Maracaibo, near the Bajo Grande crude port operated by state oil company PDVSA, in Maracaibo, Venezuela, February 9, 2026. (Ilustration)

Venezuela sends first oil shipment to Israel in years in sign of relations improving - Bloomberg

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.

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

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


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.

UAE-backed forces seize South Yemen oil belt, reshaping war and Gulf power balance - analysis

The STC’s growing power in southern Yemen, while unlikely to mitigate Houthi terrorism, could gift Israel a key ally in the region, particularly if an independent south joins the Abraham Accords.

The South Yemen flag flies as soldiers from the Southern Transitional Council stand guard outside the compound of the Presidential Palace in Aden, Yemen, December 9, 2025.

Iran plays with fire as economic anger grows, fuel hike may be spark that lights people - analysis

Iran’s looming fuel hike is reviving memories of the deadly 2019 uprising, raising fears that economic pressure could ignite fresh unrest.

A picture taken on November 17, 2019 shows a scorched gas station that was set ablaze by protesters during a demonstration against a rise in gasoline prices in Eslamshahr, near the Iranian capital of Tehran.

Iran-backed drone strikes on US oil sites push Iraq closer to Washington over Tehran - analysis

Iraq is the second-biggest producer in the Organization of Petroleum Exporting Countries, which Trump has regularly criticized for trying to keep oil prices high.

Smoke rises above an oil field following a drone attack, on the outskirts of Zakho city in the Kurdistan Region of Iraq on July 16, 2025.

Gas field in Kurdistan Region of Iraq seeks restart after drone attack

Iraq’s Khor Mor gas field, vital for Kurdistan’s electricity, is preparing to restart production days after a drone attack halted operations, sparking widespread condemnation.

FILE PHOTO: The Khor Mor gas field after a rocket attack near Chamchamal, in Sulaymaniyah province, Iraq, November 27, 2025.

Iran seizes Eswatini-flagged vessel for smuggling fuel

Iran seized an Eswatini-flagged ship carrying 350,000 liters of smuggled fuel off Bushehr, detaining its 13 crew amid ongoing efforts to curb fuel smuggling.

Etswani flagged vessel.

Iran's IRGC smuggled over $1 billion to Hezbollah through Dubai since January, US says - WSJ

In addition to Dubai, the US is reportedly worried that funds are being smuggled to Hezbollah through Turkey and Iraq.

Mourners wave Hezbollah flags during the funeral of top Hezbollah chief Haytham Ali Tabatabai and other members killed in an Israeli strike in Beirut's southern suburbs on November 24, 2025.

Drone attack suspends operations at major Iraq gas field, power cuts occur across Kurdish region

A drone attack on the Khor Mor gas field in Iraq causes major power outages in northern regions, damaging key infrastructure and halting gas supplies to power stations.

A fire blazes at Khor Mor Oil and Gas field following a drone strike, November 26, 2025.

Iran to raise fuel prices under limited conditions amid energy crisis

Government officials have warned that subsidized fuel prices in Iran are "not rational," impose a heavy burden on state finances, and incentivise suboptimal consumption as well as force fuel imports.

 Cars queue at a petrol station, after fuel price increased in Tehran, Iran November 15, 2019.