Oil
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
Shipping firms seek clarifications before crossing Hormuz as tankers move towards Strait
US-Israel war with Iran reshapes global alliances, benefits Russia - opinion
Saudi Aramco boss pulls out of international energy conference due to Iran conflict, source says
The withdrawal of the CEO of the world's top oil exporter from this conference highlights the scale of the challenge he faces in dealing with the Iran crisis.
US considers ground operation to seize Iran’s Kharg Island amid tensions, source tells Post
A US official confirmed to the Post that “the US military has accelerated the deployment of thousands of Marines and Navy personnel to the Middle East.”
US has 'plenty of money' to fund war in Iran, Treasury Secretary Scott Bessent says
US President Donald Trump has not yet sent a request for the Senate and House of Representatives to approve additional funding, and his administration has made clear that the number could change.
Ending Tehran's energy blackmail: New tech could end world's Iranian oil dependence - opinion
The technological revolution now underway is beginning to change the rules of the game.
Philippines allows dirtier Euro-II fuel use to ease supply crunch amid Middle East crisis
"The measure is intended to help maintain a continuous, adequate and accessible fuel supply, while allowing limited flexibility for sectors that may be affected," the DOE said.
It’s the oil prices, stupid: The West’s principles collapse when prices rise - opinion
The Strait of Hormuz is not just another geopolitical flashpoint. It is the artery through which roughly a fifth of the world’s oil supply flows.
Expert warns Haifa refinery is ‘time bomb’ despite limited damage in Iranian strike
The Bazan refinery in Haifa Bay has long been a source of environmental concern. The latest round of Iranian missile fire has now placed those concerns in a wartime context.
US issues 30-day sanctions waiver for sale of Iranian oil at sea
"In essence, we will be using the Iranian barrels against Tehran to keep the price down as we continue Operation Epic Fury," Bessent said.
US airlines project confidence as fuel costs surge in wake of US-Israeli war on Iran - analysis
For the biggest US carriers, which do not hedge against oil price rises, the shock is showing up mainly in the fuel bill, with jet fuel prices nearly doubling since the conflict began.
Middle Israel: Iran's multilevel blockade of the Straight of Hormuz is destined to fail - opinion
Iran’s blockade of the Strait of Hormuz has three levels: the political, the military, and the economic. The political part is the strongest, and the economic part is the weakest.
