Oil

Trump threatens tariffs on any nation supplying Cuba with oil

US President Donald Trump announces potential tariffs on countries providing oil to Cuba, ramping up pressure on the island’s leadership.

An illustration of the flags of Cuba and the US, with a rift in between.
An illustration of oil rigs over a background of a Venezuelan flag.

Trump eases Venezuela oil sanctions to boost US investment

The Guinea-flagged oil tanker MT Bandra, which is under sanctions, is partially seen alongside another vessel at El Palito terminal, near Puerto Cabello, Venezuela December 29, 2025; illustrative.

US handing over seized tanker to Venezuela, officials say

 The Iranian ship Khark at an undisclosed location in Iran, September 10,2020.

US offers up to $15 million in rewards for information that leads to capture of IRGC-linked vessels


US grants Hungary exemption on Russia sanctions after warm Trump-Orban meeting

The exemption will last for one year and includes a Hungarian commitment to buy US liquefied natural gas with contracts valued at $600 million.

US President Donald Trump hosts a bilateral lunch with Hungary's Prime Minister Viktor Orban at the White House in Washington, DC November 7, 2025.

Iraq, Turkey sign deal on Iraqi water infrastructure projects

The initial batch of projects will include three water harvesting dams and three land reclamation initiatives, according to an Iraqi water resources official.

Turkish Foreign Minister Hakan Fidan and Iraqi Foreign Minister Fuad Hussein attend a press conference in Baghdad, Iraq November 2, 2025.

New Zealand insurer kept Iran, Russia sanctioned oil flowing - report

New Zealand insurance, Maritime Mutual, aids in the trade of billions of dollars of Iranian and Russian oil.

A sailboat sails as a boat approaches to the boarding ladder of the Iranian oil tanker Grace 1 as it sits anchored after it was seized in July by British Royal Marines off the coast of the British Mediterranean territory on suspicion of violating sanctions against Syria, in the Strait of Gibraltar,

US imposes sanctions on Russian oil companies Rosneft and Lukoil

"We encourage our allies to join us in and adhere to these sanctions," Treasury Secretary Scott Bessent said in a statement announcing the sanctions.

US Treasury Secretary Scott Bessent sits to testify before a House Ways and Means Committee hearing on Capitol Hill in Washington, US, June 11, 2025.

Dutch Supreme Court rejects Russia’s final appeal in Yukos case, clearing path to enforce $65b

Because Moscow has refused to pay, the shareholders have already turned to identifying and attaching Russian state assets abroad, subject to local sovereign-immunity rules.

Freed Russian former oil tycoon Mikhail Khodorkovsky reacts during his news conference in the Museum Haus am Checkpoint Charlie in Berlin, December 22, 2013. Khodorkovsky, pardoned by Russian President Vladimir Putin after 10 years in jail, said in remarks published on Sunday that he would not go in

Four oil facility guards killed in an attack near Syria's Deir Ezzor, state media says

No group has claimed responsibility for the attack.

A person rides a motorcycle past a sign in Deir Ezzor, Syria, September 28, 2025; illustrative.

Trump says Modi has assured him India will not buy Russian oil

Trump stated that he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues.

U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., February 13, 2025.

Yemen's Houthis say they will target major US oil exporters in nearby seas

Yemen’s Houthis named Exxon, Chevron, and other US firms as targets, vowing attacks in the Red Sea despite a prior truce with Trump’s administration.

 ExxonMobil logo is seen in this illustration taken, October 6, 2023.

Economically boosting the KRG with resumed oil exports will benefit region - analysis

Oil is flowing again from Iraq’s Kurdistan Region to Turkey, a move hailed as “historic” and expected to boost Iraq’s federal budget by up to $500 million monthly.

Iraqi Prime Minister Mohammed Shia' al-Sudani (R) and KRG Prime Minister Masrour Barzani (L) in Baghdad, 2023; illustrative.

India’s influence in the Middle East: balancing energy, workers, and Saudi-Pakistan defense pact

Gulf Countries are home to nearly half of India’s immigrant population, which brings skills and growth to the Middle East economies.

People wave Indian flags in support of the Indian Armed Forces, following the ceasefire announcement between India and Pakistan, in Delhi, India, May 13, 2025.