Oil

US-Israel war with Iran reshapes global alliances, benefits Russia - opinion

If there are any winners during the war with Iran, one may be Vladimir Putin, the man Trump has frequently called his “good friend.”

US President Trump meets with Russian President Putin in Alaska, August 15, 2025
A ship passes through the Strait of Hormuz.

US sanctions Iranian oil shipping network run by son of Ali Shamkhani

A vessel in the Strait of Hormuz, off the coast of Oman’s Musandam province, April 12, 2026.

Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack, source says

Qatar's Finance Minister Ali bin Ahmed Al Kuwari speaks during a session in the Qatar Economic Forum in Doha on May 20, 2025.

Qatar warns 'full-fledged' Iran war impact about to hit global economy


Iran war 'shock' is dimming outlook for many economies, IMF says

The International Monetary Fund warned that the war in Iran was causing a global, but asymmetric shock and leading to tighter financial conditions.

Iran and Iraq map. Ilustration.

Netanyahu: 'Only long-term solution for Hormuz crisis is rerouting pipes to Mediterranean'

"Long-term solutions include rerouting energy pipelines westward, across Saudi Arabia to the Red Sea and Mediterranean, bypassing Iran's geographic choke point," Netanyahu told Newsmax.

Indian Prime Minister Narendra Modi and Israeli Prime Minister Benjamin Netanyahu visit at the Yad Vashem Holocaust Museum in Jerusalem, February 26, 2026.

Trump again warns Iran to open Strait of Hormuz or risk US strikes on oil wells, power plants

Trump also threatened to attack Kharg Island and the desalination plants that supply clean water in Iran.

US President Donald Trump talks to members of the media aboard Air Force One en route to Joint Base Andrews, Maryland, US, March 29, 2026.

Oil is Trump‘s Achilles heel: The Iran war is being fought at the gas pump - opinion

The world’s largest oil producer is being held hostage by Iran’s blockade of a 21-mile-wide chokepoint as President Donald Trump decides how to deal with the strait’s closure.

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.

Your Taxes: The Iran war’s commercial impact

The latest Iran war is having an economic impact on the world economy. If less fuel is available to the world through the Strait of Hormuz, it means less travel and fewer petroleum products.

 Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken, June 6, 2023.

US-Iran war pushes India to rekindle old friendship with Russia

Delhi and Moscow are deepening their energy cooperation, with both sides agreeing to prepare for Russia to resume direct sales of liquefied natural gas.

 Russian President Vladimir Putin (C), Indian Prime Minister Narendra Modi (4R) and Indian President Smt. Droupadi Murmu (5R) greet delegations during the welcoming ceremony at the Rashtrapati Bhavan Presidental Palace, on December 5, 2025 in New Delhi, India.

Trump says Iran's 'present' to US was allowing ten oil tankers through Hormuz

Trump made the comments at a Cabinet meeting in the White House, elaborating on what he had previously described as an energy-related "present" from Iran.

US President Donald Trump holds a cabinet meeting at the White House in Washington, DC, US, March 26, 2026.

Iran fortifying Kharg Island in preparation for potential US attack - report

US officials and military experts have warned of the significant risks that a US ground invasion of Kharg Island, Iran's primary hub for oil exports, would pose.

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

United Airlines CEO: Ticket prices may climb by as much as one-fifth due to fuel prices

United Airlines modeled a worst-case scenario in which prices reach $175 per barrel.

 FedEx airplane.

Asia looks to COVID-era playbook to tackle fuel crisis from Iran war

Asia is at the frontline of the fuel crisis, buying more than 80% of the crude that transits the Strait of Hormuz, which has been almost totally blocked by Iran since the war broke out in February.

A coastguard boat approaches an Indian liquefied petroleum gas (LPG) carrier, Shivalik, as it arrives at Mundra Port via the Strait of Hormuz, amid the US-Israel conflict with Iran, in Gujarat, India, March 16, 2026.