Oil

Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack, source says

The war with Iran has resulted in the largest-ever disruption of global oil and gas supplies due to Iran's interruption of traffic through the Strait of Hormuz.

A vessel in the Strait of Hormuz, off the coast of Oman’s Musandam province, April 12, 2026.
Qatar's Finance Minister Ali bin Ahmed Al Kuwari speaks during a session in the Qatar Economic Forum in Doha on May 20, 2025.

Qatar warns 'full-fledged' Iran war impact about to hit global economy

SCREENSHOT FROM a video released by Iranian media showing an encounter between the IRGC Navy and a US warship in the Strait of Hormuz, which they claim withdrew from the area after receiving a warning.

Iran’s economy could collapse within three months under naval blockade, experts warn

Luojiashan tanker sits anchored in Muscat, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 7, 2026.

Iraq turns to Syria for oil exports after Hormuz disruptions from US blockade


US says Iran lost track of mine locations spread in Strait of Hormuz, complicating reopening - NYT

The mines, which were laid by small boats and without a clear record of where they were placed, make the Strait of Hormuz almost impossible to transit.

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

Iran-linked ships drive traffic through Strait of Hormuz, ship tracking data shows

Despite a two-week ceasefire between Iran and the US, most vessels sailing through the Strait of Hormuz in the past day are linked to Iran, according to ship tracking data.

Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026.

US consumer inflation expected to have surged in March amid Iran war

March's US Consumer Price Index is expected to show a sharp increase due to soaring oil prices from the Iran conflict, dampening hopes for a rate cut this year.

An illustration of rising prices following US-Iran conflict.

Meloni warns Iran's plan to charge for passage through Strait of Hormuz could disrupt global trade

Italian Deputy Prime Minister Matteo ⁠Salvini said on Wednesday that Italy would not deploy naval vessels to patrol the area without authorization from the United Nations. 

Italian Prime Minister Giorgia Meloni speaks during a joint statement with President of Cyprus Nikos Christodoulides, at Chigi Palace, in Rome, Italy, February 26, 2026.

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.

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

Mitsui O.S.K. Lines, one of Japan’s big three shipping firms, is among those caught up in the confusion as firms try to work out what impact the US-Iran two-week ceasefire is having.

A ship passes through the Strait of Hormuz.

US and Iran reach temporary ceasefire

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

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

The main oil barrel indexes show a 15% average fall, while most markets worldwide, especially Asian markets, are opening up during early trading hours.

Oil barrels and several hundred dollars; Illustrative.

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.