Oil

Lindsey Graham urges Israel not to strike Iranian oil depots, calls on Saudi Arabia to fight

In a post on X on Sunday, Graham praised Israel for its role in the war before adding that “there will be a day soon that the Iranian people will be in charge of their own fate."

Senator Lindsey Graham holding a "Make Iran Great Again" hat during a speech at the David Kempinski hotel in Tel Aviv, February 16, 2026.
Iran's Foreign Minister Abbas Araghchi addresses a special session of the Conference on Disarmament at the United Nations, aside of US-Iran talks in Geneva, Switzerland, February 17, 2026

Araghchi: Iran no longer willing to negotiate with US, shifts blame on destabilized oil production

US President Donald Trump speaks to members of the media traveling on Air Force One while heading to Miami on March 7, 2026.

Trump reviews options to curb energy prices as Iran strikes roil markets

An Emirates Airbus A380 passenger aircraft prepares for landing at Dubai International Airport in Dubai on March 8, 2026.

Airline shares battered, airfares surge as Iran war pushes oil above $100


Lessons from Iran: Decentralized, renewable energy vital for Israel’s defense, expert tells 'Post'

“Once every small city has its own plan or facility, not only for renewable energy, it becomes far more difficult for a single strike to collapse the system,” he said.

Smoke continues to rise after a reported strike on fuel tanks in an oil refinery, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 8, 2026.

US surprised by scope of Israel's attacks on Tehran fuel depots, warns strikes could backfire

The US expressed surprise at the scale of Israeli strikes on Iranian oil depots, warning that targeting critical infrastructure could backfire.

People walk as smoke rises in the background after a reported strike on Shahran fuel tanks, in Tehran, Iran, March 8, 2026

Oil prices spike as Asian markets tumble on Hormuz fears

As South Korean and Japanese stocks plummeted due to concerns about supply disruptions in the Strait of Hormuz, Brent crude surged 26% to $116 per barrel on Monday.

A sharp spike in oil prices rattled equities and revived fears of a renewed global inflation wave.

Iranian debris damages UAE petrol facility, drones damage Bahraini residences, injures 32 civilians

Iraq, Saudi Arabia, Kuwait, and Qatar also came under attack, as Oman's Muscat airport limited private jet flights into the Gulf State's capital.

Fire and smoke rise in the Fujairah Oil Industry Zone, caused by debris after interception of a drone by air defenses, UAE, March 4, 2026; illustrative.

Israel’s strikes expose the vulnerability of Iran’s energy lifeline

The images emerging from Tehran this week depict what witnesses are calling a “hellscape” - an inferno stretching across the horizon as Israel reportedly targets fuel sites in Iran.

Smoke rises following an explosion, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 7, 2026.

Iran war tests India’s balancing act between the US, Israel, and Tehran - analysis

New Delhi seeks to balance ties with Washington, Jerusalem, and Tehran while protecting trade routes, energy supplies, and 9 million citizens working across the Gulf.

The flags of Israel and India flutter as Narendra Modi makes a state visit to Israel, outside of the Knesset, in Jerusalem, February 25, 2026

Iran's threat to burn ships is choking off Persian Gulf oil flow to world - explainer

Shipping companies are already heeding Iran's warning, and the price of a gallon of gas is rising, most notably in California.

 US military forces boarded the crude oil tanker Aquila II in the Indian Ocean after pursuing it from the Caribbean. The vessel was accused of breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela. February 9, 2026.

US offers $20b. reinsurance plan to spur Gulf oil flow amid Operation Epic Fury, Iranian attacks

The Trump administration is deploying a $20 billion maritime reinsurance program through the DFC to restore Hormuz shipping. Move targets soaring energy prices as Iran war halts Gulf commerce.

Oil tankers pass through the Strait of Hormuz, December 21, 2018.

Israel Air Force strikes Iranian oil facilities, military source says

Earlier, Iranian state media had reported that the Islamic Revolutionary Guards Corps said it had targeted the Haifa oil refinery in response.

Smoke rises following an explosion, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 7, 2026.

Traders warn $100-a-barrel oil is imminent if Iran war keeps raging

While oil and gas prices have surged this week, as ship traffic through the Strait of Hormuz has all but halted, they remain far below the highs seen just after Russia invaded Ukraine.

A sign shows gasoline prices that are significantly higher than the day before, when Super E10 was still below EUR 1.80, at a petrol station on March 02, 2026 in Berlin, Germany.