Oil
US will not renew waiver on Iranian oil as it mounts pressure on Tehran, sources say
The waiver, which the Treasury Department issued on March 20, allowed some 140 million barrels of oil to reach global markets and helped relieve pressure on energy supply during the war with Iran.
Saudi Arabia asks US to end Hormuz blockade amid worries of possible Houthi retaliation - WSJ
Food shortages and rising costs: UN agency warns of global food crisis if Hormuz remains blocked
IMF warns of potential global recession if Iran war worsens in latest economic outlook report
Iran war tests India’s balancing act between the US, Israel, and Tehran - analysis
New Delhi seeks to balance ties with Washington, Jerusalem, and Tehran while protecting trade routes, energy supplies, and 9 million citizens working across the Gulf.
Iran's threat to burn ships is choking off Persian Gulf oil flow to world - explainer
Shipping companies are already heeding Iran's warning, and the price of a gallon of gas is rising, most notably in California.
US offers $20b. reinsurance plan to spur Gulf oil flow amid Operation Epic Fury, Iranian attacks
The Trump administration is deploying a $20 billion maritime reinsurance program through the DFC to restore Hormuz shipping. Move targets soaring energy prices as Iran war halts Gulf commerce.
Israel Air Force strikes Iranian oil facilities, military source says
Earlier, Iranian state media had reported that the Islamic Revolutionary Guards Corps said it had targeted the Haifa oil refinery in response.
Traders warn $100-a-barrel oil is imminent if Iran war keeps raging
While oil and gas prices have surged this week, as ship traffic through the Strait of Hormuz has all but halted, they remain far below the highs seen just after Russia invaded Ukraine.
IRGC claims to have struck oil tanker in Strait of Hormuz, UKMTO issues warning in area
The IRGC claimed to have struck a Marshall Islands-flagged tanker in the Strait of Hormuz, according to a report by Iranian media.
Trump on rising gas prices during Iran operation: 'If they rise, they rise'
Trump prioritizes the Iran military campaign, dismissing concerns over rising gas prices, as White House officials scramble for solutions to combat rising energy costs.
Saudi Arabia intercepts Iranian ballistic missiles, drones, Bahrain suffers damage from Iran strike
Iran continues to launch attacks on Gulf countries, including Qatar's Al Udeid Air Base, amid operations Epic Fury and Roaring Lion, causing damage in Bahrain's capital, Manama.
Trump urges Iranian diplomats to seek asylum, vows total defeat of regime
Defense Secretary Pete Hegseth and CENTCOM chief Admiral Brad Cooper also gave a press conference at CENTCOM HQ, Florida, addressing the ongoing operation against Iran.
China in talks with Iran to allow safe oil and gas passage through Hormuz, sources say
The war has left the critical shipping passageway all but shut, with Iran having moved to paralyze shipping through the Strait.
