Oil

Islamic regime launches Persian Gulf Strait Authority, ships reportedly start paying tolls

Ships transiting the Strait of Hormuz now face tolls and strict Iranian oversight as Tehran launches the Persian Gulf Strait Authority, with JPMorgan forecasting 11‑figure annual revenue from tolls.

Vessels in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026.
  The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016.

Abu Dhabi sees leaving OPEC as a matter of national interest - opinion

A satellite image shows an oil terminal at Kharg Island, Iran, February 25, 2026. 2026

Kharg Island and the new energy war over Iran’s collapsing oil exports - opinion

US President Donald Trump and China's President Xi Jinping arrive at state dinner, Great Hall of the People, Beijing, 2017.

Trump says Xi agrees Iran must open Hormuz, China calls war unjustified


Saudi Aramco boss pulls out of international energy conference due to Iran conflict, source says

The withdrawal of the CEO of the world's top oil exporter from this conference highlights the scale of the challenge he faces in dealing with the Iran crisis.

 Amin H. Nasser, President & Chief Executive Officer Saudi Aramco, speaks during the CERAWeek energy conference in Houston, Texas, US March 8, 2022.

US considers ground operation to seize Iran’s Kharg Island amid tensions, source tells Post

A US official confirmed to the Post that “the US military has accelerated the deployment of thousands of Marines and Navy personnel to the Middle East.”

A satellite image shows damage on Kharg Island, Iran, after US strikes, amid the U.S.-Israeli conflict with Iran, March 14, 2026.

US has 'plenty of money' to fund war in Iran, Treasury Secretary Scott Bessent says

US President Donald Trump has not yet sent a request for the Senate and House of Representatives to approve additional funding, and his administration has made clear that the number could change.

US Treasury Secretary Scott Bessent looks on as he speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026

Ending Tehran's energy blackmail: New tech could end world's Iranian oil dependence - opinion

The technological revolution now underway is beginning to change the rules of the game.

A ship passes through the Strait of Hormuz.

Philippines allows dirtier Euro-II fuel use to ease supply crunch amid Middle East crisis

"The measure is intended to help maintain a continuous, adequate and accessible fuel supply, while allowing limited flexibility for sectors that may be affected," the DOE said.

A sharp spike in oil prices rattled equities and revived fears of a renewed global inflation wave.

It’s the oil prices, stupid: The West’s principles collapse when prices rise - opinion

The Strait of Hormuz is not just another geopolitical flashpoint. It is the artery through which roughly a fifth of the world’s oil supply flows.

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

Expert warns Haifa refinery is ‘time bomb’ despite limited damage in Iranian strike

The Bazan refinery in Haifa Bay has long been a source of environmental concern. The latest round of Iranian missile fire has now placed those concerns in a wartime context.

Fire rises from the Bazan power plant in the northern Israeli city of Haifa, June 15, 2025.

US issues 30-day sanctions waiver for sale of Iranian oil at sea

"In essence, we will be using the Iranian barrels against Tehran to keep the price down as we continue Operation Epic Fury," Bessent said.

The silhouette of an oil and chemical tanker off the Gulf of Fos-sur-Mer at sunset, in Martigues, France, March 20, 2026.

US airlines project confidence as fuel costs surge in wake of US-Israeli war on Iran - analysis

For the biggest US carriers, which do not hedge against oil price rises, the shock is showing up mainly in the fuel bill, with jet fuel prices nearly doubling since the conflict began.

A SOUTHWEST Airlines Boeing 737 airplane departs from Harry Reid International Airport as a Delta Airlines aircraft taxis on March 11, 2026 in Las Vegas, Nevada.

Middle Israel: Iran's multilevel blockade of the Straight of Hormuz is destined to fail - opinion

Iran’s blockade of the Strait of Hormuz has three levels: the political, the military, and the economic. The political part is the strongest, and the economic part is the weakest.

INDIAN VESSEL ‘Nanda Devi’ carrying liquefied petroleum gas arrives at Vadinar Port in the Jamnagar district of Gujarat state earlier this week, after Iran allowed it to pass through the Strait of Hormuz, a key energy corridor that Iran has selectively closed.