Oil

Another five tankers, loaded with approximately 9 million barrels of oil, were spotted in the Gulf of Oman earlier this week and are no longer visible in the images.

A group of around 20 ships, including container ships, bulk carriers, and tankers, was seen moving in the Gulf towards the exit via the Strait of Hormuz, according to ship tracking data.

If there are any winners during the war with Iran, one may be Vladimir Putin, the man Trump has frequently called his “good friend.”

Shamkhani’s network had previously been sanctioned by the Treasury in July of 2025. The US issued 115 sanctions against the group, according to a Treasury press release at the time.

The war with Iran has resulted in the largest-ever disruption of global oil and gas supplies due to Iran's interruption of traffic through the Strait of Hormuz.

At an IMF discussion in Washington, Qatari Finance Minister Ali Ahmed Al-Kuwari warned that the world will soon face huge economic ramifications resulting from the war with Iran.

An expert on Iran's military noted that Iranian authorities have previously declared that if they are denied access to their ports, they will prevent other countries in the region from using theirs.

Iraq is rerouting oil exports through Syria’s Baniyas terminal as its maritime oil shipments face disruptions due to the Iranian and US blockades of the Strait of Hormuz.

The waiver, which the Treasury Department issued on March 20, allowed some 140 million barrels of oil to reach global markets and helped relieve pressure on energy supply during the war with Iran.

Saudi officials appear to be weighing not only the direct risks in the Gulf, but also the possibility that Iran could respond through allied forces elsewhere in the region.