Oil

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.

BP Cherry Point Refinery, near Seattle, Washington; illustrative.
An aerial view shows the oil tanker named Boracay (also called Pushpa), a vessel being investigated by French authorities and suspected of belonging to the so-called "shadow fleet" involved in the Russian oil trade, off the coast of the western France port of Saint-Nazaire, France, October 2, 2025

US renews Russian oil waiver after pressure from countries dealing with Iran war price shocks

An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026.

Five tankers seen loading oil on Iran's Kharg Island, as US blockades Strait of Hormuz - report

Hapag-Lloyd sign on a container ship at the Valparaiso port, Chile, January 11, 2024.

Shipping firms seek clarifications before crossing Hormuz as tankers move towards Strait


IDF kills Iranian ballistic missile chief, US strike targets key supply bridge in Tehran

US strike targets a major highway bridge connecting Tehran to Karaj, with a source saying the strike was intended to disrupt Iranian supply routes used to transport missile and drone components.

Smoke rises from the site of a strike in Tehran on April 1, 2026.

Gulf states consider bypassing Strait of Hormuz with new oil pipelines via Haifa - FT

The Financial Times reported that the Gulf states aim to create a new network of pipelines, roads, and railways to stop relying on the Strait of Hormuz.

3D-printed oil barrels, an oil pump jack and a map showing the Strait of Hormuz and Iran appear in this illustration taken March 2, 2026.

Bahrain's Strait of Hormuz resolution runs into fresh obstacles at UN

Bahrain's initial draft had explicitly invoked Chapter VII of the UN Charter, which allows the Security Council to authorize measures ranging from sanctions to military force.

Jamal Fares Alrowaiei, Permanent Representative of the Kingdom of Bahrain to the United Nations, addresses the Security Council during the meeting on the situation in the Middle East, at UN headquarters in New York City, US, February 18, 2026.

Exposing the hidden forces in the Iranian war

Shir Perets debunks viral claims and examines the narratives driving the conversation around Israel and the war.

Shir Perets debunks viral claims and examines the narratives driving the conversation around Israel and the war.

Iran war 'shock' is dimming outlook for many economies, IMF says

The International Monetary Fund warned that the war in Iran was causing a global, but asymmetric shock and leading to tighter financial conditions.

Iran and Iraq map. Ilustration.

Netanyahu: 'Only long-term solution for Hormuz crisis is rerouting pipes to Mediterranean'

"Long-term solutions include rerouting energy pipelines westward, across Saudi Arabia to the Red Sea and Mediterranean, bypassing Iran's geographic choke point," Netanyahu told Newsmax.

Indian Prime Minister Narendra Modi and Israeli Prime Minister Benjamin Netanyahu visit at the Yad Vashem Holocaust Museum in Jerusalem, February 26, 2026.

Trump again warns Iran to open Strait of Hormuz or risk US strikes on oil wells, power plants

Trump also threatened to attack Kharg Island and the desalination plants that supply clean water in Iran.

US President Donald Trump talks to members of the media aboard Air Force One en route to Joint Base Andrews, Maryland, US, March 29, 2026.

Oil is Trump‘s Achilles heel: The Iran war is being fought at the gas pump - opinion

The world’s largest oil producer is being held hostage by Iran’s blockade of a 21-mile-wide chokepoint as President Donald Trump decides how to deal with the strait’s closure.

INDIAN VESSEL ‘Nanda Devi’ carrying liquefied petroleum gas arrives at Vadinar Port in the Jamnagar district of Gujarat state earlier this week, after Iran allowed it to pass through the Strait of Hormuz, a key energy corridor that Iran has selectively closed.

Your Taxes: The Iran war’s commercial impact

The latest Iran war is having an economic impact on the world economy. If less fuel is available to the world through the Strait of Hormuz, it means less travel and fewer petroleum products.

 Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken, June 6, 2023.

US-Iran war pushes India to rekindle old friendship with Russia

Delhi and Moscow are deepening their energy cooperation, with both sides agreeing to prepare for Russia to resume direct sales of liquefied natural gas.

 Russian President Vladimir Putin (C), Indian Prime Minister Narendra Modi (4R) and Indian President Smt. Droupadi Murmu (5R) greet delegations during the welcoming ceremony at the Rashtrapati Bhavan Presidental Palace, on December 5, 2025 in New Delhi, India.