Oil

Rig explosion in Venezuela leaves at least 17 workers wounded, evacuated to Colombia

The wounded were taken to neighboring Colombia for medical treatment as the cause of the blast remains unclear.

Workers of Venezuelan state oil company PDVSA at a rig near Cabimas, Venezuela, January 27, 2026.; illustrative.
OIL TANKER Al Shaffiah sails at the sea near the Omani coast, as seen from Musandam, Oman, June 26, 2026.

IRGC dismisses claim 20 m. barrels of oil used to promote, fund war effort

IRAN'S DELEGATION including Minister of Foreign Affairs of Iran Abbas Araghchi (C) and Speaker of the Islamic Parliament of Iran, Mohammed Bagher Ghalibaf (2ndR) arrive for a quadrilateral meeting between the United States, Iran, Pakistan and Qatar at the Burgenstock luxury hotel complex.

Iran, US to work on negotiating peace deal in Doha after de-escalating weekend strikes

IRAN'S JUDICIARY Chief Gholam-Hossein Mohseni Ejei (C) attends a gathering at the Imam Khomeini Mosque (Mosalla) to commemorate those killed in former wars and also those killed during the latest US-Israel led war, in Tehran on May 24, 2026.

Iran to pursue human rights cases against the US, will seize assets, judiciary chief announces


Saudi Aramco helicopter crashes in Ras Tanura, at least 14 killed, authorities confirm

Ras Tanura hosts the largest refinery in the Middle East, and it is operated by Saudi Aramco, who own the helicopter involved in the incident.

General view of Aramco tanks and oil pipe at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018; illustrative.

Hundreds killed, thousands more feared dead after two earthquakes rock Venezuela

The USGS, using predictive modeling to estimate the death toll, said it would most likely run into the thousands. Some 200 people are currently feared trapped under rubble.

Emergency services work at the site of a collapsed building after earthquakes hit the country, in Caracas, Venezuela, June 25, 2026.

Will Iraq finally help protect Kurdistan's oil fields from drone attacks? - analysis

For Iraq, it doesn’t seem to matter if the Kurdistan Region is attacked, because then the region can’t sell oil or provide itself with gas for electricity.

Members of the Kurdistan Democratic Party of Iran (KDPI) participate in a military drill in an outpost near Erbil, Kurdistan region of Iraq on January 15, 2026.

IAEA chief, Trump says Iran agreed to nuclear inspections, Tehran denies deal - report

US President Donald Trump said Iran has agreed to allow long-term nuclear inspections, a claim Tehran has rejected, as he also addressed US naval positioning near the Strait of Hormuz.

Rafael Mariano Grossi, candidate for the position of the next Secretary-General, speaks during a dialogue with delegations while candidates for the position of new United Nations Secretary General are interviewed at U.N. headquarters in New York City, U.S., April 21, 2026.

'Cold cost-benefit calculation': Washington greenlights Tehran’s oil transactions under MoU

Washington has issued a 60-day license allowing Iran to resume oil transactions, a step linked to diplomatic talks and already impacting global crude prices.

A vendor pumps petrol from Iranian fuel oil tankers for resale near the Bashmagh border crossing on March 11, 2026.

US authorizes Iranian oil sales amid talks on final peace deal

The license authorizes the production, delivery, and sale of crude oil, petrochemicals, and petroleum products of Iranian origin through August 21.

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

Iran's Hormuz strait rules include enforcing penalties, revoking permissions if ships do not comply

The United States has not confirmed the number of mines laid by Iran, though a Whitehouse official confirmed to CNBC earlier this month that more than 40 minelaying vessels had been destroyed.

Iran's Foreign Minister Abbas Araghchi on the day he addresses a special session of the Conference on Disarmament at the United Nations, aside of US-Iran talks in Geneva, Switzerland, February 17, 2026.

Explosion at Qatar's Ras Laffan gas facility kills 13, injures 66

An incident during the start-up of operations at Ras Laffan Industrial City resulted in an explosion at the Barzan local gas supply facility on Sunday evening, QatarEnergy said in a statement.

QatarEnergy's liquefied natural gas (LNG) production facilities, amid the U.S.-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar March 2, 2026.

Ship traffic plunges after Iran re-closes Strait of Hormuz following Israeli strikes on Lebanon

Five vessels passed the strait on Sunday, from 26 ships spotted a day earlier, data from analytics firm Kpler showed.

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 16, 2026.

Trump demands Iran stop Hezbollah from 'causing trouble,' threatens new strikes

"If they don’t, we’ll hit Iran very hard again," he added.

US President Donald Trump speaks next to Defense Secretary Pete Hegseth during a cabinet meeting in the Cabinet Room at the White House, in Washington, DC, US, May 27, 2026.