Oil

In potential game-changer, Syria moves ahead on oil deal with Chevron, Qatar - analysis

This could be a major game-changer for Syria as it begins to regrow its economy after decades of sanctions and isolation.

YUSUF QABLAWI, CEO of the Syrian Petroleum Company, Frank Mount, head of Corporate Business Development at Chevron, and Erik Keskula, CEO of Power International Holding, sign a memorandum of understanding to develop an offshore oil and gas field for Syria.
IRANIAN BANKNOTES are displayed next to a US dollar bill in Neyshabur, Iran on December 30, 2025. The Iranian rial has continued to weaken against the US dollar amid high inflation, currency volatility and ongoing economic pressures linked to sanctions and domestic challenges.

How Iran’s economic collapse is tightening the regime’s options - analysis

ROOT & BRANCH volunteers rest after a long day of work harvesting olives together.

If our olives had eyes: Root & Branch brings Christians to connect with Israel

An illustration of the flags of Cuba and the US, with a rift in between.

Trump threatens tariffs on any nation supplying Cuba with oil


Trump eases Venezuela oil sanctions to boost US investment

The Trump administration eases some sanctions on Venezuela’s oil sector, allowing US companies to invest, but excludes firms from China, Russia, and other rivals.

An illustration of oil rigs over a background of a Venezuelan flag.

US handing over seized tanker to Venezuela, officials say

The US hands back the Panama‑flagged M/T Sophia to Venezuela, marking the first reversal of such a seizure under the Trump administration.

The Guinea-flagged oil tanker MT Bandra, which is under sanctions, is partially seen alongside another vessel at El Palito terminal, near Puerto Cabello, Venezuela December 29, 2025; illustrative.

US offers up to $15 million in rewards for information that leads to capture of IRGC-linked vessels

The US Department of State is offering a reward of up to $15 million for information that would lead to the identification of entities involved in oil sales conducted by the IRGC.

 The Iranian ship Khark at an undisclosed location in Iran, September 10,2020.

US-Iran flare-up, cold stint push oil prices to multi-month peak

JPMorgan analysts estimated that winter storm Fern cut US oil production by roughly 250,000 barrels per day, disrupting flows from the Bakken and from fields in Oklahoma and Texas.

Blue barrels of oil.

US threatens to starve Iraq of its oil dollars over Iranian influence, sources say

The warning is the starkest example yet of US President Donald Trump's campaign to curb Iran-linked groups' influence in Iraq.

 A drone view shows the Zubair Oil Field in Basra, Iraq, January 16, 2025.

Israel's imports of Azerbaijani oil via Turkey jump despite Ankara's trade ban

The figures are the latest example of Israel continuing trade with businesses in countries where governments condemn its reported actions in Gaza.

Flag of Azerbaijan

Syria's government faces pivotal moment against SDF, as it retakes largest oil field - analysis

Overnight on January 17 and 18, there were major changes on the ground as Arab tribal fighters claimed to seize control of a number of villages and two oil fields on the East side of the Euphrates.

 Soldiers from the Syrian Democratic Forces stand in front of the detainees before the first exchange operation between the Syrian Democratic Forces and the Syrian government in Aleppo, Syria, April 3, 2025.

Trump, Venezuela's Rodriguez tout positive phone call, Trump finds Senate win

Both leaders described the call as positive. In the US, the Senate blocked a resolution that would have barred Trump from further military action in Venezuela without Congress's authorization.

US President Donald Trump speaks at the Detroit Economic Club in Detroit, Michigan, US, January 13, 2026.

From Caracas to Jerusalem: A strategic lesson for Israel post-US action in Venezuela- opinion

China’s extensive financial and energy ties with Caracas – built over decades through loans, oil deals, and infrastructure agreements – are now jeopardized

Chess made from USA and China flags on a map of Venezuela

US seeks warrants to seize dozens more tankers linked to Venezuelan oil trade

The administration of President Donald Trump has said it plans to control Venezuela's oil resources indefinitely as it seeks to rebuild the country's dilapidated oil industry.

An illustration of oil rigs over a background of a Venezuelan flag.