Oil
EU warns of summer fuel shortages as Iran war drives global energy crisis
The EU is preparing measures to curb the impact the war is having on jet fuel supply, Jorgensen told reporters in Madrid.
After Iran war, attack on Gulf States, will the GCC withdraw from Arab League - analysis
Oil surges, stocks fall as US-Iran tensions threaten Strait of Hormuz shipping flows driving risk
Qatar facing 'strategic shock' in energy, influence crisis in wake of Iran war
At least four injured in incident at BP refinery near Seattle
At least four people were injured, with three hospitalized, following an explosion at BP's Cherry Point Refinery in Blaine, Washington.
US renews Russian oil waiver after pressure from countries dealing with Iran war price shocks
The Treasury Department's waiver lets countries purchase Russian oil and petroleum products loaded on vessels as of Friday through May 16.
Five tankers seen loading oil on Iran's Kharg Island, as US blockades Strait of Hormuz - report
Another five tankers, loaded with approximately 9 million barrels of oil, were spotted in the Gulf of Oman earlier this week and are no longer visible in the images.
Shipping firms seek clarifications before crossing Hormuz as tankers move towards Strait
A group of around 20 ships, including container ships, bulk carriers, and tankers, was seen moving in the Gulf towards the exit via the Strait of Hormuz, according to ship tracking data.
US-Israel war with Iran reshapes global alliances, benefits Russia - opinion
If there are any winners during the war with Iran, one may be Vladimir Putin, the man Trump has frequently called his “good friend.”
US sanctions Iranian oil shipping network run by son of Ali Shamkhani
Shamkhani’s network had previously been sanctioned by the Treasury in July of 2025. The US issued 115 sanctions against the group, according to a Treasury press release at the time.
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.
Qatar warns 'full-fledged' Iran war impact about to hit global economy
At an IMF discussion in Washington, Qatari Finance Minister Ali Ahmed Al-Kuwari warned that the world will soon face huge economic ramifications resulting from the war with Iran.
Iran’s economy could collapse within three months under naval blockade, experts warn
An expert on Iran's military noted that Iranian authorities have previously declared that if they are denied access to their ports, they will prevent other countries in the region from using theirs.
Iraq turns to Syria for oil exports after Hormuz disruptions from US blockade
Iraq is rerouting oil exports through Syria’s Baniyas terminal as its maritime oil shipments face disruptions due to the Iranian and US blockades of the Strait of Hormuz.
