Oil

Trump, Starmer discuss reopening of Strait of Hormuz

The reopening of the Strait, which carries about a fifth of the world's oil consumption, is an important component of the US-Iran ceasefire deal.

The Callisto tanker sits anchored as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 10, 2026.
A ship passes through the Strait of Hormuz.

Hormuz at near standstill as Iran warns ships to keep to its waters

“The temporary U.S.-Iran ceasefire has eased tensions and boosted markets, but lasting stability remains uncertain.”

US and Iran reach temporary ceasefire

Oil barrels and several hundred dollars; Illustrative.

Global markets rally, oil drops below $100 after US-Iran ceasefire


Heat, costs, shortages: US faces limits in deciding next actions in Iran - report

Iran could achieve USD 70-90 billion in annual revenue if the Islamic regime is allowed to charge a toll in the Strait of Hormuz, according to a J.P. Morgan paper.

An illustration of oil barrels, pipelines, and drills, over the backdrop of US and Iranian flags.

South Korea envoy to visit Kazakhstan, Oman, Saudi Arabia to secure oil supplies

South Korea is also working with international partners to ensure the safe passage of 26 South Korean-flagged vessels currently waiting inside the Strait of Hormuz, the envoy said.

Birds fly near the Jag Vasant vessel transferring LPG at a port after transiting the Strait of Hormuz amid supply disruptions linked to the US-Israeli conflict with Iran, in Mumbai, India, April 1, 2026.

Strait of Hormuz closure has raised oil prices, but not without precedent - analysis

Even as gas prices have risen in recent weeks, another set of numbers has remained relatively contained: the markets.

A map showing the Strait of Hormuz, also known as Madiq Hurmuz, and 3D printed oil barrels are seen in this illustration taken March 26, 2026.

IDF strike kills Head of Commerce at Iranian regime's oil headquarters

The IRGC's Oil Headquarters generates billions of dollars annually in profits for the Iranian regime's brutal police force through oil sales.

IDF GRAPHIC describing Mohammad Reza Ashrafi Kahi.

Iranian drone attack sparks fire at Shuwaikh Oil Complex in Kuwait

The drone attack caused a fire at the Shuwaikh Oil Sector Complex, but no injuries were reported.

Kuwait Petroleum Corporation headquarters, illustrative.

World food prices set to continue soaring if Iran war persists, says UN report

The global surge in food prices comes as the Strait of Hormuz, a key shipping route in the Middle East, remains shut down as governments scramble to reopen it.

A map showing the Strait of Hormuz, also known as Madiq Hurmuz, and 3D printed oil barrels are seen in this illustration taken March 26, 2026.

IDF kills Iranian ballistic missile chief, US strike targets key supply bridge in Tehran

US strike targets a major highway bridge connecting Tehran to Karaj, with a source saying the strike was intended to disrupt Iranian supply routes used to transport missile and drone components.

Smoke rises from the site of a strike in Tehran on April 1, 2026.

Gulf states consider bypassing Strait of Hormuz with new oil pipelines via Haifa - FT

The Financial Times reported that the Gulf states aim to create a new network of pipelines, roads, and railways to stop relying on the Strait of Hormuz.

3D-printed oil barrels, an oil pump jack and a map showing the Strait of Hormuz and Iran appear in this illustration taken March 2, 2026.

Bahrain's Strait of Hormuz resolution runs into fresh obstacles at UN

Bahrain's initial draft had explicitly invoked Chapter VII of the UN Charter, which allows the Security Council to authorize measures ranging from sanctions to military force.

Jamal Fares Alrowaiei, Permanent Representative of the Kingdom of Bahrain to the United Nations, addresses the Security Council during the meeting on the situation in the Middle East, at UN headquarters in New York City, US, February 18, 2026.

Exposing the hidden forces in the Iranian war

Shir Perets debunks viral claims and examines the narratives driving the conversation around Israel and the war.

Shir Perets debunks viral claims and examines the narratives driving the conversation around Israel and the war.