Opec

Asia is most affected continent by Strait of Hormuz closure, with 80% of Gulf energy imports

A New York Times report revealed that Asian countries are entering an energy crisis due to the closure of the Strait of Hormuz, while Western nations will feel the economic effects of the war.

|ByTOBIAS HOLCMAN
Asia will be the most affected continent by the closure of the Strait of Hormuz.
Blue barrels of oil.

US-Iran flare-up, cold stint push oil prices to multi-month peak

JPMorgan analysts estimated that winter storm Fern cut US oil production by roughly 250,000 barrels per day, disrupting flows from the Bakken and from fields in Oklahoma and Texas.

|BySHIR PERETS
A person holds up an image depicting Venezuelan opposition leader Maria Corina Machado, as people celebrate after the US struck Venezuela and captured its President Nicolas Maduro and his wife Cilia Flores, in Santiago, Chile, January 3, 2026.

'I look forward to saying hello to her': Trump says on upcoming meeting with Venezuela’s Machado

Trump says Venezuelan opposition leader and Nobel Peace Prize laureate María Corina Machado is expected in Washington next week after US strikes captured Nicolás Maduro.

|ByREUTERS
Ender Moreno looks for gold at La Culebra gold mine in El Callao, Bolivar state, southeastern Venezuela on March 1, 2017.

Venezuela’s energy, mining sectors in focus after Maduro capture - explainer

Despite holding the world’s largest oil reserves, Venezuela’s oil and mining output remains far below capacity after years of mismanagement, underinvestment and sanctions under Maduro.

|ByREUTERS

Above the fold: Putin is world's most powerful leader

The Russian president and the Saudi monarch came together to discuss their mutual interest – oil.

OCTOBER 8, 2017ByMICAH HALPERN
Russian President Vladimir Putin attends a news conference

Suicide attacks on restaurants, checkpoint, kill 60 in southern Iraq

Islamic State is under siege in the Syrian city of Raqqa, its operational base for attacks in the Middle East and the West.

SEPTEMBER 14, 2017ByREUTERS
ONE OF MANY churches destroyed by ISIS in the Christian town of Qaraqosh, Iraq.