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.

A general view of the Treasury Building on day two of a partial government shutdown in Washington, DC, US, February 1, 2026.
US President Donald Trump and Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia interact during the US-Saudi Investment Forum in Washington, US, November 19, 2025.

Saudi Arabia asks US to end Hormuz blockade amid worries of possible Houthi retaliation - WSJ

A map showing the Strait of Hormuz is seen in this illustration taken June 22, 2025.

Food shortages and rising costs: UN agency warns of global food crisis if Hormuz remains blocked

Oil barrels and several hundred dollars; Illustrative.

IMF warns of potential global recession if Iran war worsens in latest economic outlook report


Mediterranean states say adrift Russian tanker is 'imminent and serious' threat

Russia's Foreign Ministry acknowledged that the vessel was adrift in the Mediterranean and said Russia's further involvement in resolving the situation depended on "concrete circumstances."

A Russian LNG tanker, Arctic Metagaz, damaged earlier this month and currently adrift without crew, floats in international waters in the Mediterranean Sea between Malta and the Italian islands of Lampedusa and Linosa, in this handout picture released on March 13, 2026.

Trump weighing US boots on the ground to seize Iran’s Kharg Island oil depot - report

The potential capture of the oil depot would require, in a first for the ongoing US Operation Epic Fury, American troops to step foot on Iranian soil.

A picture taken on March 12, 2017, shows an oil facility in the Khark Island, on the shore of the Gulf.

Iran keeps oil flowing to China despite operations, maintaining regime cash flow, experts say

"The Iranians are managing to bring in money almost as usual," he said, arguing that the actual rise in energy markets is due to speculations and not an actual shortage.

 A map showing the Strait of Hormuz and Iran is seen behind a 3D printed oil pipeline in this illustration taken June 22, 2025

Neutralizing Iran threat could end decades of ‘terror premium’ on oil, Trump advisor says

One Trump adviser says tensions with Iran have historically added $5–$15 per barrel via risks to the Strait of Hormuz.

White House trade advisor Peter Navarro attends the swearing-in ceremony for Sergio Gor as U.S. Ambassador to India, at the White House in Washington, DC, US, November 10, 2025.

Iranian war ripples across Arab states as Jordan intercepts missiles, Egypt feels economic shock

Jordan and Saudi Arabia confront direct security threats while Egypt faces financial pressure from disrupted trade, tourism, and energy markets.

"Disaster-driven litigation is a testament to the Gulf Coast's resilience and its demand for accountability."

Iranian regime preventing technical staff from evacuating Kharg Island  amid US strike threats

Fires are still burning in parts of the island, with regime authorities insisting that operations at Iran's most critical oil export terminal must continue without interruption.

A picture taken on March 12, 2017, shows a view of an oil facility in the Khark Island, on the shore of the Gulf.

Drone strike hits Erbil refinery halting operations, Riyadh intercepts Iranian missiles, drones

A drone strike caused a fire at an Iraqi refinery, while Saudi Arabia intercepted Iranian missiles and drones targeting key regions.

A gas flare burns at the Lanaz refinery after it was targeted by a drone strike, in Erbil, Iraq, March 14, 2026.

US may hit Iran's Kharg Island again, Trump tells NBC News

Trump suggests more strikes on Iran’s Kharg Island oil hub, calls Khamenei’s survival uncertain, and dismisses current deal terms as insufficient.

US President Donald Trump gestures as he arrives at Palm Beach International Airport on March 13, 2026 in West Palm Beach, Florida; illustrative.

US, Israel's chess match with Iran is entering its geopolitical endgame - opinion

How can the US deliver a decisive blow that weakens the regime while accelerating the possibility of internal change?

Mojtaba Khamenei, son of former Iranian supreme leader Ayatollah Ali Khamenei.

Lured by profits, some shipowners brave mines and missiles to sneak oil past Iran

At least 10 ships operated by Greek companies, and at least two Chinese-operated vessels, have sailed through the strait between Iran and Oman since US and Israeli strikes began on February 28.

Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026.