Oil

Trump, Starmer discuss reopening of Strait of Hormuz

The reopening of the Strait, which carries about a fifth of the world's oil consumption, is an important component of the US-Iran ceasefire deal.

The Callisto tanker sits anchored as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 10, 2026.
A ship passes through the Strait of Hormuz.

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

“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


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.

IRGC claims to have struck oil tanker in Strait of Hormuz, UKMTO issues warning in area

The IRGC claimed to have struck a Marshall Islands-flagged tanker in the Strait of Hormuz, according to a report by Iranian media.

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

Trump on rising gas prices during Iran operation: 'If they rise, they rise'

Trump prioritizes the Iran military campaign, dismissing concerns over rising gas prices, as White House officials scramble for solutions to combat rising energy costs.

High gas prices are displayed at a downtown Chevron station on March 3, 2026 in Los Angeles, California.

Saudi Arabia intercepts Iranian ballistic missiles, drones, Bahrain suffers damage from Iran strike

Iran continues to launch attacks on Gulf countries, including Qatar's Al Udeid Air Base, amid operations Epic Fury and Roaring Lion, causing damage in Bahrain's capital, Manama.

A Patriot missile battery is seen near Prince Sultan air base at al-Kharj on February 20, 2020; illustrative.

Trump urges Iranian diplomats to seek asylum, vows total defeat of regime

Defense Secretary Pete Hegseth and CENTCOM chief Admiral Brad Cooper also gave a press conference at CENTCOM HQ, Florida, addressing the ongoing operation against Iran.

Inter Miami CF captain Lionel Messi gestures on the day US President Donald Trump honors reigning Major League Soccer (MLS) champion Inter Miami CF players and team officials with an event in the East Room of the White House in Washington, March 5, 2026.

China in talks with Iran to allow safe oil and gas passage through Hormuz, sources say

The war has left the critical shipping passageway all but shut, with Iran having moved to paralyze shipping through the Strait.

A navy vessel is seen sailing in the Strait of Hormuz, a vital waterway through which much of the world's oil and gas passes on March 1, 2026.

Chinese provinces were planning Tehran trade expos, then the war broke out

Chinese government procurement and tender records on Iran show contracts issued in recent months, pointing to the vibrant commercial engagement of the two nations.

The national flag of Iran flies in the wind as debris lies scattered in the aftermath of an Israeli and US strike on a police station, in Tehran, Iran, March 3, 2026

US to provide insurance for tankers traveling through Strait of Hormuz after Iranian threats

The narrow waterway between Oman and Iran is a critical artery for global energy supplies. In 2025, roughly 13 million barrels of oil moved through the channel each day.

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

Where is evidence Iran planned to build nuclear weapons, Russia's Lavrov asks

Lavrov denies Iran's nuclear weapon development, warning the US‑Israel conflict could spur nuclear proliferation in the Middle East.

Russian Foreign Minister Sergey Lavrov attends a meeting in Moscow, March 3, 2026; illustrative.

Wall Street futures slide as Middle East conflict escalates

Oil prices jumped, while traditional safe havens rose, with gold climbing roughly 2% and bond prices rallying, sending the US 10-year Treasury yield briefly to an 11‑month low.

U.S. Stock Market.