Oil

US supporting efforts to revive Iraq-Syria crude oil pipeline, US official says

Bloomberg reported that Chevron could play a role in rebuilding the pipeline, though the company declined to comment.

Performing checks at Turkey’s Mediterranean port of Ceyhan, run by state owned Petroleum Pipeline Corporation (BOTAS). Crude oil flows through the Kirkuk Ceyhan pipeline, linking Iraq to Turkey; Illustrative.
Oil has shaped the economies, cities, and global influence of the modern Middle East.

Oil and the shaping of modern commodity economies in the Middle East

US and Iranian flags, 3D printed oil barrels and rising stock graph are seen in this illustration taken March 23, 2026.

Oil prices surge more than 3% as US-Iran strikes fuel Hormuz fear

STRAIT OF HORMUZ, OMAN/IRAN -- JUNE 16, 2026: 01 -- Maps4media-processed Sentinel-2 satellite imagery shows a broad overview of the Strait of Hormuz, including the Musandam Peninsula, nearby islands, coastal shallows, and the narrow maritime corridor linking the Persian Gulf with the Gulf of Oman.

UAE plans to build new ports, oil hubs in Gulf of Oman to bypass Strait of Hormuz closure - report


Strait of Hormuz traffic slows as US-Iran conflict raises new safety risks

Six vessels transited the strait on Sunday, ship-tracking data from Kpler showed, the lowest number in five weeks.

A ship in the Strait of Hormuz, June 2026

‘Viceroy’ of Venezuela: Rubio runs Caracas with total deference from interim president - report

Marco Rubio has been running Venezuela's finances, government, and natural resources without stepping foot in the country, dozens of sources told the NYT.

U.S. Secretary of State Marco Rubio attends a trilateral meeting with Japanese Foreign Minister Motegi Toshimitsu and South Korean Foreign Minister Cho Hyun (not pictured) on the sidelines of the NATO leaders' summit, in Ankara, Turkey, July 7, 2026.

Trump says Strait of Hormuz open to commercial traffic

"We had a meeting with them, where they agreed to a deal that was perfect for us...And then, after that, they left the room and within an hour they launched a drone at a ship," Trump said.

This frame grab taken from AFPTV video footage on July 12, 2026 shows cargo ships anchoring near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan.

Iraqi prime minister to visit Washington on Monday, oil and gas deals expected

"The agreements to be signed will include several memorandums of understanding in the oil and gas sector as Iraq prepares to bring in various US companies," a government spokesperson said.

Iraqi Prime Minister-designate Ali al-Zaidi speaks during a parliamentary session to vote in a new government headed by Ali al-Zaidi as prime minister, at the parliament headquarters in Baghdad, Iraq, May 14, 2026.

Can Kurdistan follow Israel's lead to become the Middle East's next Start-Up Nation? - analysis

Kurdistan does not need to copy Israel, but it can learn from its journey from a small and politically uncertain environment to a start-up and tech superpower.

Image Reboot: A female fighter from from the Kurdistan Freedom Party (PAK)  trains at a base near Erbil, Iraq, in Feb.

Putin rejects peace talks and prepares to escalate war after Ukrainian strikes - report

To date, about two million soldiers have been killed, wounded, or missing since the full-scale invasion in early 2022, 1.4 million of them Russian.

In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin attends a meeting with VTB bank chief in Moscow on July 3, 2026.

Renewed U.S.-Iran tensions trigger fresh surge in oil prices

Renewed U.S.-Iran tensions send oil prices higher and rattle global financial markets.

US revoking license that authorized Iranian oil sales, official says

A source with knowledge of the attacks told The Jerusalem Post that Iran was responsible for launching at least five drones and missiles at three ships in the strait over the past day.

Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026.

Energy minister touts oil pipeline to bypass Strait of Hormuz

Israel already has existing infrastructure with a pipeline between Eilat and Ashkelon, but infrastructure would be needed to connect Arab countries if they were willing.

Energy and Infrastructure Minister Eli Cohen.

Iran fires missiles at two commercial ships in Strait of Hormuz, causing major damage

Qatar said on Tuesday the targeting of the Qatari tanker Al Rekayyat near the Strait of Hormuz was an unacceptable attack on the security of international navigation and global energy supplies.

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 16, 2026.