Oil

NATO not drawing up plans for Hormuz mission, top commander says

Any decision to launch a mission would require the approval of all NATO's 32 members, and several have already signaled opposition.

Gambia-flagged tanker vessel Bili is pictured anchored in the Strait of Hormuz off Bandar Abbas in southern Iran, May 2, 2026.
A general view of the Treasury Building on day two of a partial government shutdown in Washington, DC, US, February 1, 2026.

US sanctions Iranian foreign currency exchange, international front companies

Vessels in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026.

Islamic regime launches Persian Gulf Strait Authority, ships reportedly start paying tolls

  The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016.

Abu Dhabi sees leaving OPEC as a matter of national interest - opinion


Kharg Island and the new energy war over Iran’s collapsing oil exports - opinion

Iran’s Kharg Island shows the hidden cost of sanctions: empty oil terminals, environmental damage, and mounting pressure.

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

Trump says Xi agrees Iran must open Hormuz, China calls war unjustified

Following his Beijing summit, Trump says Xi supports reopening the Strait of Hormuz, while China calls the Iran war a conflict that “should never have happened.”

US President Donald Trump and China's President Xi Jinping arrive at state dinner, Great Hall of the People, Beijing, 2017.

Chinese supertanker breaks through US-Iran war blockade in Hormuz

The Chinese supertanker Yuan Hua Hu crosses the Strait of Hormuz after months of delay, carrying nearly 2 million barrels of Iraqi crude, as US-Iran tensions continue to shape the Gulf.

Ships and boats in the Strait of Hormuz, Musandam, Oman, April 22, 2026.

In double trouble: Iran’s oil crisis – opinion

Given that the Islamic Republic’s lifeblood – oil – is being squeezed, it should learn from history that collapse always begins with a warning sign such as this one

A Satellite image shows a likely oil spill covering dozens of square kilometers near Iran’s Kharg Island, earlier this month.

Syrian President Ahmed al-Sharaa announces first cabinet reshuffle since Assad ouster - report

No official reason was given for the changes.

Syrian President Ahmed al-Sharaa gestures outside 10 Downing Street, after meeting with Britain's Prime Minister Keir Starmer, in London, Britain March 31, 2026.

Suspected oil spill seen on satellite images near Iran's Kharg Island export hub, Iran denies

The cause of the oil spill, which appears to cover the waters west of the 8-kilometer island, is still unknown.

A satellite image shows likely oil spill covering dozens of square kilometers near Iran's Kharg Island, May 6, 2026.

US targets Iraq oil official and militias with sanctions for aiding Iran

The U.S. imposed sanctions on Thursday on Iraq's deputy oil minister and militias over support for Iran, the Treasury Department said.

Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026.

Iran can last for months under US Strait of Hormuz blockade, US officials say - report

“The leadership has gotten more radical, determined, and increasingly confident they can outlast US political will and sustain domestic repression to check any resistance,” one US official said.

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

U.S.–Iran tensions escalate despite ceasefire

Markets are closely watching the next moves in the U.S.-Iran conflict, as renewed tensions in the Strait of Hormuz continue to threaten global oil flows, inflation stability, and investor confidence.

Extra virgin or refined oil – the effects on brain health

The oil you cook with affects brain health – and there is one type that is significantly better than the others.

Olive oil