Oil

Bazan enters oil production market with $100m. investment in US firm

Israeli energy group Bazan buys 52% stake in US oil firm Cantium, marking its strategic entry into upstream operations.

Bazan Chairman Moshe Kaplinsky
Ancient oil lamps reveal hidden Jewish legacy of Spanish church.

Ancient oil lamps reveal hidden Jewish legacy of Spanish church

 A general view shows a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015

Fire contained at Iran's Abadan refinery, one dead, SHANA says

Smoke rises after a drone attack targeted oil facilities in the Zakho area of Iraq's Kurdistan region, Iraq July 16, 2025.

Drone attack targets Tawke oilfield in Iraq's Kurdistan


Drone strikes shut oilfields in Iraq's Kurdistan, cut output by up to 150,000 bpd

Several oilfields halted operations due to significant infrastructure damage, the Kurdistan region's Natural Resources Ministry said.

 Smoke rises after a drone attack targeted oil facilities in the Zakho area of Iraq's Kurdistan region, Iraq July 16, 2025.

US Embassy condemns drone attacks on Iraq's oil fields

The drone attacks have been a continued source of concern for Erbil and the Kurdistan regional authorities, who govern the Kurdish autonomous region in northern Iraq.

A view of a damaged building following missile attacks, in Erbil, Iraq, January 16, 2024

Iran accuses Israel of 'environmental war crimes' during 12-day war

Iran's Department of Environment condemned Israel's targeting of fossil fuel storage facilities and industrial infrastructure, calling it "a destructive assault on the natural environment"

 Iranian flags fly as fire and smoke from an Israeli attack on Sharan Oil depot rise, following Israeli strikes on Iran, in Tehran, Iran, June 15, 2025.

Treasury Dept. designates 22 entities linked with selling Iranian oil for IRGC-QF

Refineries purchase Iranian oil, and then transfer payments to these front companies, who in turn, move funds to other front company accounts also controlled by IRGC-QF, OFAC stated.

 The IRGC’s control over Iran’s oil industry has grown to such a point, experts now estimate 50% of the country's oil wealth is siphoned to the military organization

US imposes fresh sanctions targeting Iran oil trade, Hezbollah

The US has imposed waves of sanctions on Iran's oil exports over its nuclear program and funding of terrorist groups across the Middle East.

 Valve on an Iranian gas pipeline (illustrative)

Innovative Israeli technology comes to the aid of your digestive system

The food-tech company Beyond Oil has developed an innovative formula that may reduce carcinogenic substances from used frying oil.

 Beyond Oil

Iran made preparations to mine the Strait of Hormuz, US officials say

The loading of the mines - which have not been deployed in the strait - suggests that Tehran may have been serious about closing one of the world's busiest shipping lanes.

 A map showing the Strait of Hormuz and Iran is seen in this illustration taken June 22, 2025.

The heist of the century: $3.6 million worth of cannabis oil stolen without a trace

A sophisticated theft operation led to a months-long investigation. Four suspects with different roles, a battle over millions in cash, and a product that has become the gold of the modern age.

 Cannabis

China's Iran oil imports surge in June on rising shipments, teapot demand

The world's top oil importer and biggest buyer of Iranian crude brought in more than 1.8 million barrels per day from June 1-20.

 A map showing the Strait of Hormuz and Iran is seen behind a 3D printed oil pipeline in this illustration taken June 22, 2025

Trump baffles with sudden U-turn on China buying Iranian oil

Trump appeared to undermine years of US sanctions on Iran, giving China the green light to carry on buying its oil as he seeks to bolster a ceasefire with Israel.

 On March 12, 2017, a view of an Iranian oil facility on Khark Island in the Persian Gulf

Oil companies quietly evacuated Iraq during Israel-Iran conflict

For oil companies in Iraq, there was concern that there would be spillover from the Israel-Iran conflict, as Iran has numerous pro-Iranian militias in Iraq.

 A drone view shows the Zubair Oil Field in Basra, Iraq, January 16, 2025.