Oil

Trump claims Iran is 'making up fake hits' on tankers to drive up oil costs ahead of elections

Trump accused Iran of fabricating reports of tanker attacks in the Strait of Hormuz to drive up oil prices ahead of the US midterm elections.

US President Donald Trump speaks to members of the media as he departs the White House en route to Iowa, in Washington, DC, US, October 22, 2026.
Hezbollah flag mural provides backdrop for gun-wielding shadows.

Defense Ministry sanctions UK registered company after transfer of fuel to Hezbollah-owned company

Turkish President Recep Tayyip Erdogan speaks at the AK Party headquarters, Ankara, Turkey, October 7, 2026; illustrative.

Baku was Hitler’s target. Now it is Erdogan’s - opinion

Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 31, 2026.

Iran's floating oil reserves, used for China sales, completely depleted, analysts say - report


Brent crude rises above $100 a barrel as Middle East conflict escalates

The Houthi attacks could threaten crude shipments via the Red Sea, which has been a key alternative route to the crucial Strait of Hormuz, where crude flows have been severely curtailed.

Illustration shows U.S. and Iranian flags, 3D printed oil barrels and rising stock graph

Strikes reportedly hit southern Iran after regime condemns US attacks on its tankers

Sirens sound in Saudi Arabia • Sa'ar says Israel will not force Palestinians out of Gaza • Blinken denies telling Qatari emir to delay hostage deal

The remains of a telecommunications tower and offices are destroyed following a US military strike earlier in the week on Kuhestak, Sirik County, in Iran's southern Hormozgan province on September 6, 2026.

Dwindling oil revenue is driving Iran into deeper economic crisis - report

The US's continued efforts to choke Iran's economy appear to be working, although questions over whether financial pressure will suffice for Tehran to concede the Washington's demands remain.

An Iranian woman shops in a store in Tehran, Iran, April 28, 2026.

IRGC confirms Iran attacked Jordanian US military base, two US vessels, eight tankers in Gulf

US Secretary of State Marco Rubio warned Iran on Tuesday that the US would continue to strike Iranian oil tankers in retaliation for attempted attacks on US warships.

A satellite image shows an oil terminal at Kharg Island, Iran, February 25, 2026.

Arab Gas Pipeline revival: Jordan approves strategic natural gas supply route to Lebanon via Syria

Under the new arrangement, Jordan will import liquefied natural gas and regasify it using existing infrastructure at the Aqaba Port, before transporting the product to Lebanon through Syria.

A worker checks an oil pipeline at Nahr Bin Umar oil field, north of Basra, Iraq.

Saudi energy group signs landmark oil, gas agreements with Afghanistan

The agreements also include a natural gas utilization study in Herat and plans for a proposed 435-mile gas pipeline, in a deal that could pave the way for billions of dollars in future investment. 

3D-printed oil pump jacks and a Saudi Arabian flag appear in this illustration taken March 2, 2026.

Iranian missiles intercepted over Jordan in largest barrage since Operation Roaring Lion

Iran's president says Tehran to resist until 'aggressors are regretful' • IDF, Border Police continue operations in West Bank • Hormuz shipping traffic dips as Gulf energy infrastructure is vulnerable

IDF reservists

Iran’s grip on Hormuz was never as strong as it looked - opinion

According to recent US government estimates, roughly 15 million barrels of Gulf oil are now leaving the region each day through the strait and alternative export routes.

 A map showing the Strait of Hormuz and Iran is seen in this illustration taken June 22, 2025.

JD Vance: Only US can protect Strait of Hormuz, prevent global energy crisis

Vance criticized European allies over Iran’s attacks on shipping and defended US efforts to keep energy markets supplied through the Strait of Hormuz.

 US Vice President JD Vance speaks during a press briefing, the first since Karoline Leavitt stepped down as press secretary, at the White House, in Washington, DC, US, September 3, 2026.

Former NSC adviser explains why Iran could face internal upheaval within months - interview

Former NSC chief Jacob Nagel said six to nine months of economic pressure could push Iranians back into the streets, while warning Tehran still has the ability to retaliate.

Jacob Nagel, national security adviser in the Israeli prime minister's office attends a Defense and Foreign Affairs Committee meeting at the Knesset, on March 8, 2017.