Oil

Hormuz at near standstill as Iran warns ships to keep to its waters

Mitsui O.S.K. Lines, one of Japan’s big three shipping firms, is among those caught up in the confusion as firms try to work out what impact the US-Iran two-week ceasefire is having.

A ship passes through the Strait of Hormuz.
“The temporary U.S.-Iran ceasefire has eased tensions and boosted markets, but lasting stability remains uncertain.”

US and Iran reach temporary ceasefire

Oil barrels and several hundred dollars; Illustrative.

Global markets rally, oil drops below $100 after US-Iran ceasefire

An illustration of oil barrels, pipelines, and drills, over the backdrop of US and Iranian flags.

Heat, costs, shortages: US faces limits in deciding next actions in Iran - report


IRGC tell ships passage through Strait of Hormuz 'not allowed'

Vessels in the Gulf reported receiving messages warning that no ships were allowed to pass the Strait of Hormuz, according to EU and UK agencies, though Iran has not confirmed any closure.

An Iranian military ship takes part in an annual drill in the coastal area of the Gulf of Oman and near the Strait of Hormuz, Iran, in this picture obtained on December 31, 2022

Iran triples oil loading rate as tensions rise with US, oil accumulating offshore - WSJ

According to the global commodity data provider site Kpler, the recent average has been approximately 10 million barrels of crude oil and condensate per week.

A VIEW of an oil facility in the Khark Island, on the shore of the Gulf, March 12, 2017.

Venezuela suspends 19 oil, gas production-sharing contracts signed under Maduro, sources say

Venezuela's oil ministry suspends 19 production-sharing contracts, including projects in Lake Maracaibo and the Orinoco Belt, as part of a broader review of deals linked to US sanctions.

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

US, Ukraine discuss post-war reconstruction as Russia pummels grid

Ukrainian President Volodymyr Zelensky said Russia had launched 420 drones and 39 missiles in another night of attacks on energy and other critical infrastructure.

Municipal workers remove debris next to damaged cars outside an apartment building hit by a Russian drone strike on Thursday, amid Russia's attack on Ukraine, in Kharkiv, Ukraine February 26, 2026

UK targets Russia's Transneft in new sanctions on fourth anniversary of Ukraine war

The sanctioning of Transneft, one of the world's largest pipeline firms, brings the number of people, companies, and ships sanctioned under Britain's Russia measures to more than 3,000.

British Prime Minister Keir Starmer delivers remarks at the top of the Cabinet meeting to mark the fourth anniversary of Russia's full-scale invasion of Ukraine at Downing Street on February 24, 2026 in London, England.

Cuban military, medical advisers leave Venezuela as US pressure mounts on Rodriguez

Venezuela’s Delcy Rodriguez faces US pressure to cut ties with Cuba, leading to the departure of Cuban security advisers and medical personnel from the country.

Venezuela's interim president Delcy Rodriguez and Cuban Foreign Minister, Bruno Rodriguez Padilla attend the ceremony "Promotions and Decorations for Heroes and Martyrs", honouring Venezuelan and Cuban military and security personnel who died during a US operation to capture Nicolas Maduro.

India seizes Iran-linked US-sanctioned tankers, steps up surveillance

India aims to prevent its waters from being used for ship-to-ship transfers that obscure the origin of oil cargoes, a source told Reuters.

Personnel onboard the Indian Navy's INS Shardul salute during the opening ceremony of the 5th Multilateral Naval Exercise Komodo 2025 off the coast of Indonesia's resort island of Bali on February 16, 2025.

US intercepts Iran-linked oil tanker en route from Caribbean to Indian Ocean

'The vessel tried to defy President [Donald] Trump’s quarantine, hoping to slip away,' a DoD statement read, adding, 'By land, air, or sea, we will find you and deliver justice.'

US troops are seen boarding an oil tanker breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela, February 15, 2026.

Trump, Netanyahu agree to increase economic pressure on Iran, primarly targeting oil to China

If China decides not to source its oil from Iran, economic pressure on Tehran would increase significantly

US President Donald Trump shakes hands with Israeli Prime Minister Benjamin Netanyahu during a press conference at his Mar-a-Lago club on December 29, 2025 in Palm Beach, Florida.

Maduro still 'legitimate president' of Venezuela, acting leader Delcy Rodriguez tells NBC

Venezuela's Delcy Rodriguez defends Maduro as the rightful leader and signals diplomatic progress with the US, amid growing cooperation and oil sales.

Venezuela's interim President Delcy Rodriguez looks on following a meeting with US Energy Secretary Chris Wright at Miraflores Palace, Caracas, Venezuela, February 11, 2026.