Oil

Trump’s Syria-Iraq pipeline plan aims to weaken Iran’s leverage - opinion

Trump is backing a revived Iraq-Syria oil pipeline to bypass the Strait of Hormuz and reshape Middle East energy.

US President Donald Trump shakes hands with Syrian President Ahmed al-Sharaa during a bilateral meeting alongside the NATO leaders summit in Ankara, last month.
People walk down a street as Cuba's national power grid collapsed, marking the third major outage in nine days, in Havana, Cuba, July 14, 2026.

Cuba suffers islandwide power grid collapse as US oil blockade deepens energy crisis

Smoke rises as flames burn during a wildfire at Ares, Grionde, amongst worsening drought conditions following a heatwave and water shortages across much of France, July 25, 2026.

Climate change made 'fire-prone' weather conditions more likely in Spain and France, scientists say

A vessel in the Strait of Hormuz, as seen from Musandam,Oman, July 16, 2026.

Oman proposes Hormuz management system with voluntary fees, source says


Oil tanker explodes after hitting naval mine in Strait of Hormuz, IRGC-linked media claims - report

There was no immediate official statement from Iranian authorities regarding the incident.

Vessels transiting through the Gulf of Oman are pictured off the coast of Muscat on July 25, 2026; Illustrative.

Some $18 billion of Iranian oil sold since outbreak of war, over half of annual budget

The sales generated more than 60% of the oil revenue forecast in Iran's annual budget, Iranian Oil Minister Paknejad said.

VESSELS AT the Strait of Hormuz, as seen from Musandam, Oman, June 24, 2026.

Hormuz tanker crossings slip to lowest in more than two months, data shows

One tanker crossed the Strait of Hormuz on July 23, compared with three the day earlier, data from analytics firm Kpler showed, as ships are being rerouted to paths that take significantly longer.

A vessel at the Strait of Hormuz, as seen from Musandam, Oman, July 23, 2026.

Oil settles over $100 as Houthi attacks intensify Middle East supply risks

Oil prices rose above $100 for the first time since May after Yemen's Iran-backed Houthis opened a new front in the Iran war by targeting Saudi vessels in the Bab el-Mandeb Strait.

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

Iran's threat to halt oil exports across the Gulf a 'dangerous escalation,' analyst warns

A Bahraini analyst warned that Tehran’s threat against regional infrastructure erases the line between US targets and Gulf economies, even if Iran may be attempting to project strength.

Iran's top negotiator and speaker of its Parliament, Mohammad Bagher Ghalibaf, meets the head of Pakistan's Army Field Marshal Syed Asim Munir (not pictured) on April 16, 2026 in Tehran, Iran.

Two Dynacom Tankers vessels attacked off Oman amid escalating US-Iran hostilities

The crew members of both vessels were safely located by Oman authorities and transferred to shore, Dynacom said, adding that it was in close contact with all relevant regional authorities.

Ships are docked along a pier at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in Sharjah Emirate, along the Gulf of Oman on July 14, 2026.

Iran used brief US truce to build $6 billion oil buffer - report

Tehran rushed 70 million barrels toward China during a month-long pause in the US blockade, securing up to $6 billion before renewed strikes.

 Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026 in Muscat, Oman.

US pushes Mediterranean oil pipelines to bypass Strait of Hormuz despite proxy security risks

Middle East correspondent Battaglia said that, in her view, if it were up to al-Zaidi, Baghdad would already have decided to chart its future with the United States rather than with Iran.

US President Donald Trump shakes hands with Iraqi Prime Minister Ali al-Zaidi as they participate in a bilateral meeting in the Oval Office at the White House in Washington.

Houthis to strike Saudi oil facilities if Riyadh escalates in Yemen, leader warns

The warning came after the Houthis fired missiles at Saudi Arabia, accusing the kingdom of bombing an airport under their control on Monday, marking a rupture in a four-year truce.

A person holds a poster of Houthi leader, Abdul-Malik al-Houthi, amid protests at the Sana'a University campus in support of the Houthi movement, in Sana'a, Yemen, July 15, 2026

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.