Oil

Lego sales rise as World Cup products draw new customers, despite Iran war raising cost of plastics

Lego's revenue was 41.9 billion Danish crowns ($6.54 billion), operating profit rose 22% to 10.9 billion Danish crowns, while net profit rose 32% to 8.6 billion Danish crowns.

Fans take pictures with a Lego World Cup trophy as they attend a watch party for the France vs Spain FIFA World Cup Semifinal match at Rockefeller Center on July 14, 2026 in New York City.
A drone view shows vessels in the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026.

Strait of Hormuz traffic plunges as Iran, US blockades restrict energy shipments

An Iranian flag flutters in the wind as ships remain anchored in the Strait of Hormuz on May 16. Negotiations between the US and Iran over opening this critical waterway have largely stalled.

Iran made billions of dollars, bypassed sanctions amid US blockade, top official Rezaee claims

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.

Iran grants permission for a number of Iraqi oil tankers to pass through Strait of Hormuz


Oil tankers going dark to evade Iranian attacks raises major oil spill risk in Gulf - report

Three separate oil spills are already spreading through the Persian Gulf and the Gulf of Oman, putting multiple ecosystems at risk.

This photograph obtained from Iran's ISNA news agency on August 13, 2026 shows an oil slick along the southern coast of Qeshm Island, Iran, August 13, 2026.

NATO members discuss Strait of Hormuz options without alliance involvement

NATO countries have sought to ease the Iran conflict indirectly, focusing on plans outside the alliance to reopen the waterway.

Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 17, 2026.

Iran linked oil tanker falls victim to Somali piracy surge

The Eritrea-flagged Sibu 1 was at least the 13th vessel attacked this year off the coast of Somalia or in the Gulf of Aden, which links Somalia and Yemen.

Oil tankers pass through the Strait of Hormuz, December 21, 2018.

Iranian oil supplies to China tighten as US blockade cuts Tehran's crude exports

Trade sources say Iranian crude offers to China have declined and prices have risen as Washington's blockade disrupts Tehran's oil shipments.

 Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023.

US military created secret path through Hormuz, 10 million barrels of oil pass daily - report

US President Donald Trump told reporters "The Strait is open. A lot of boats are coming through, adding that "We are getting a lot of oil out."

A drone view shows vessels in the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026.

Moscow's fuel stations limit sales amid shortages linked to Ukrainian drone attacks on refineries

Russian authorities have banned exports of gasoline and diesel, eased fuel quality requirements and began importing petroleum products.

A general view shows the Novorossiysk Fuel Oil Terminal (NMT) in the Black Sea port of Novorossiisk, Russia May 30, 2018. Picture taken May 30, 2018.

12 years after the oil spill: What is happening in the Avrona Nature Reserve now?

Following Israel's massive 2014 EAPC oil spill, complex rehabilitation begins at Avrona Nature Reserve, evacuating 30,000 tons of contaminated soil.

Alongside its toxicity, the oil created a hard, impermeable layer on the ground. The Avrona oil spill disaster.

Iraq approves three month mechanism to export crude via local, international firms

Iraq is seeking to diversify its oil export channels and maintain flexibility in marketing its crude amid the Iran war and the closure of the Strait of Hormuz.

A worker checks an oil pipeline at Nahr Bin Umar oil field, north of Basra, Iraq March 22, 2022.

Hormuz crossings rise slightly from weekend, remain in single digits, data shows

Some vessels could be passing through the strait with their transponders switched off and they are not considered in the tally.

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 18, 2026.

Shipping slows through Strait of Hormuz after tanker attacks, data shows

Some ships may pass through undetected with transponders off, but the figures are far from the more than 130 ships a day that traversed the Strait of Hormuz before the war.

This image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates, 2004.