Oil

Gulf shipping traffic steady amid uncertainty of peace talks, eight ships transit Strait of Hormuz

Six of the vessels, three tankers and three bulk carriers, were entering the strait, while a gas carrier and a tanker were exiting. Some 130 ships would typically transit the waterway before the war.

Vessels in the Strait of Hormuz, as seen from Musandam, Oman, August 3, 2026.
US President Donald Trump shakes hands with Syrian President Ahmed al-Sharaa during a bilateral meeting alongside the NATO leaders summit in Ankara, last month.

Trump’s Syria-Iraq pipeline plan aims to weaken Iran’s leverage - opinion

People walk down a street as Cuba's national power grid collapsed, marking the third major outage in nine days, in Havana, Cuba, July 14, 2026.

Cuba suffers islandwide power grid collapse as US oil blockade deepens energy crisis

Smoke rises as flames burn during a wildfire at Ares, Grionde, amongst worsening drought conditions following a heatwave and water shortages across much of France, July 25, 2026.

Climate change made 'fire-prone' weather conditions more likely in Spain and France, scientists say


Trump says agreement with Iran approved by all parties involved, including Israel, cancels strikes

The MOU would extend the ceasefire for 60 days, including in Lebanon, during which time nuclear negotiations would be held, according to an Axios report.

US President Donald Trump gestures as he boards Air Force One, after attending Game 3 of the NBA Finals, at John F. Kennedy International Airport in New York, June 8, 2026.

Three sailors dead from US strikes on tanker off Oman, India confirms

The deaths are the first reported since the blockade began on April 13, operations which have seen the US disable eight ships and turn back more than 100 others.

INDIAN VESSEL 'Nanda Devi' carrying liquefied petroleum gas (LPG) arrives at Vadinar Port in the Jamnagar district of Gujarat state on March 17, 2026 after Iran allowed it to pass through the Strait of Hormuz, a key energy corridor that remains disrupted by the Middle East war.

As Iran threatens regional fuel shipping, Azerbaijan becomes Israel’s gas buffer

Backup supplies from SOCAR are giving Egypt and Jordan alternatives when Israeli gas exports are disrupted, while keeping Israel linked to regional customers that may avoid direct purchases.

ASAF HASANLI, a specialist with Azerbaijan’s state oil company SOCAR, at the Caspian Oil and Gas trade show during Baku Energy Week in Baku, Azerbaijan, June 3, 2026.

US energy secretary says lower gas prices will ultimately take resolution with Iran

"The pathway to bring gasoline and diesel prices back down is to get more oil flowing through the Strait of Hormuz," US Energy Secretary Chris Wright said in an interview.

US Secretary of Energy Chris Wright speaks during a press conference discussing fertilizer policy at USDA Headquarters in Washington, DC, US, May 19, 2026.

Chevron launches Israel energy-tech accelerator for early stage startups

Chevron Studio Israel will fund and mentor early-stage technologies from Israeli universities and research institutions, with a focus on AI, cybersecurity, hydrogen, and lower-carbon energy solutions.

Jack Baker, Managing Director of Chevron’s Eastern Mediterranean region.

France intercepts another 'shadow fleet' tanker linked to Russian oil

The tanker, which had sailed from Russia's Arctic port of Murmansk, was suspected of flying under a false flag and was intercepted with support from Britain, French President Emmanuel Macron said.

French Navy personnel approach an oil tanker, subject to international sanctions and sailing from Russia, in the Atlantic Ocean, in this handout obtained by Reuters on June 1, 2026.

UAE conducted dozens of airstrikes on Iran using US, Israeli intel during war - report

One such strike was on the Asaluyeh petrochemical complex, and was carried out with Israel, the WSJ wrote, and led to international condemnation.

An Emirati F-16E fighter jet; illustrative.

Iran avoids US sanctions via ship-to-ship transfers of oil, may receive payment for months - report

The ships receiving the oil are often part of Iran’s “shadow fleet,” a fleet of old, rusting tankers that obscure their owners and may switch their flags to those of countries with little oversight.

A cargo ship unloads imported crude oil at the Qingdao crude oil terminal in China's eastern Shandong province on May 11, 2026.

Iran’s oil gamble could turn Gulf attrition into Tehran’s own nightmare - opinion

As attacks spread across Gulf energy infrastructure, Iran may discover its own oil economy cannot survive prolonged attrition.

Smoke rises above Riyadh, Saudi Arabia, March 5, 2026

Ukraine attacks Russian oil refinery 700 km deep into Russian territory

The strike in Yaroslavl is the latest attack on Russian oil facilities this year. Zelensky stated that Ukrainian forces had struck another oil refinery in Syzran for the eleventh time

A firefighter is seen on a site, as smoke billows from a fire at oil refinery, owned by Russian oil producer Gazprom Neft, in Moscow, Russia, November 17, 2018.