Oil

Panama tanker carrying Iraqi fuel oil struck by drone in Iraqi waters

Iraqi rescue boats extinguished a fire aboard the tanker, New Andros, and there were no reports of casualties, port officials told Reuters.

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.
Illustration shows U.S. and Iranian flags, 3D printed oil barrels and rising stock graph

Brent crude rises above $100 a barrel as Middle East conflict escalates

FILE PHOTO: Ceremony announcing the full combat readiness of Patriot missile systems for integration into the national and allied air defense system in Sochaczew

Sa'ar confirms Israel will not expel Gazans, Netanyahu, Katz visit the Syrian border

An Iranian woman shops in a store in Tehran, Iran, April 28, 2026.

Dwindling oil revenue is driving Iran into deeper economic crisis - report


Several oil companies to avoid using ships on Iran's blacklist over security concerns, sources say

"We will avoid our chartered vessels dealing in STS or anything to do with non-compliant ships for Middle Eastern cargoes," said one of the sources, who works at an Indian refinery.

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.

Lego sales rise as World Cup products draw new customers, despite Iran war raising cost of plastics

Lego's revenue was 41.9 billion Danish crowns ($6.54 billion), operating profit rose 22% to 10.9 billion Danish crowns, while net profit rose 32% to 8.6 billion Danish crowns.

Fans take pictures with a Lego World Cup trophy as they attend a watch party for the France vs Spain FIFA World Cup Semifinal match at Rockefeller Center on July 14, 2026 in New York City.

Strait of Hormuz traffic plunges as Iran, US blockades restrict energy shipments

A total of 89 vessels exited the strait while 103 entered over the seven-day period, the report, based on Automatic Identification System (AIS) data, showed.

A drone view shows vessels in the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026.

Iran made billions of dollars, bypassed sanctions amid US blockade, top official Rezaee claims

"In the past month or two, we sold seventy million barrels of oil," he said. "Now every day we sell oil to American ships on that side, as much as we produce."

An Iranian flag flutters in the wind as ships remain anchored in the Strait of Hormuz on May 16 2025.

Iran grants permission for a number of Iraqi oil tankers to pass through Strait of Hormuz

Iraqi President Nizar Amedi said that Iran had facilitated the passage of vessels carrying Iraqi oil through the Strait in recent days, and Baghdad had discussed the export of Iraqi oil with Tehran.

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.

Oil tankers going dark to evade Iranian attacks raises major oil spill risk in Gulf - report

Three separate oil spills are already spreading through the Persian Gulf and the Gulf of Oman, putting multiple ecosystems at risk.

This photograph obtained from Iran's ISNA news agency on August 13, 2026 shows an oil slick along the southern coast of Qeshm Island, Iran, August 13, 2026.

NATO members discuss Strait of Hormuz options without alliance involvement

NATO countries have sought to ease the Iran conflict indirectly, focusing on plans outside the alliance to reopen the waterway.

Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 17, 2026.

Iran linked oil tanker falls victim to Somali piracy surge

The Eritrea-flagged Sibu 1 was at least the 13th vessel attacked this year off the coast of Somalia or in the Gulf of Aden, which links Somalia and Yemen.

Oil tankers pass through the Strait of Hormuz, December 21, 2018.

Iranian oil supplies to China tighten as US blockade cuts Tehran's crude exports

Trade sources say Iranian crude offers to China have declined and prices have risen as Washington's blockade disrupts Tehran's oil shipments.

 Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023.

US military created secret path through Hormuz, 10 million barrels of oil pass daily - report

US President Donald Trump told reporters "The Strait is open. A lot of boats are coming through, adding that "We are getting a lot of oil out."

A drone view shows vessels in the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026.