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
International Energy Agency: Middle East oil crisis severe, global economy at risk
“A stock release will help to comfort the markets, but this is not the solution. It will only help to reduce the pain in the economy," IEA Executive Director Fatih Birol said.
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.
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.”
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.
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.
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.
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.
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.
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.
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.
