Oil

Venezuela's heavy crude could be swapped for American oil to fill emergency reserve, Wright says

"We'll swap you a barrel of heavy crude for a barrel of light or medium United States crude," Wright said during an interview on CNBC, calling oil markets fluid.

Oil platforms and pumpjacks at Lake Maracaibo, as residents around the oil‑rich center of Maracaibo in Zulia state remain uncertain about new investments following recent legislative reforms allowing greater private participation in PDVSA and aimed at revitalizing the country's struggling oil sector
Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 17, 2026.

Two sailors killed in Iranian attack on ship in Strait of Hormuz, Saudi Foreign Ministry says

Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 17, 2026.

Supertankers carrying Saudi oil attacked by unknown projectiles while crossing Strait of Hormuz

VENEZUELA’S INTERIM President Delcy Rodriguez attends an event to receive the insignia of commander-in-chief of the Armed Forces, on Wednesday. Rodriguez is a hostage to her own security apparatus; or she may simply be applying a delaying tactic to reorganize her bases while simulating cooperation.

Venezuela's Rodriguez hails 25-year US energy pact to boost oil output, defend sovereignty


Explosion at Qatar's Ras Laffan gas facility kills 13, injures 66

An incident during the start-up of operations at Ras Laffan Industrial City resulted in an explosion at the Barzan local gas supply facility on Sunday evening, QatarEnergy said in a statement.

QatarEnergy's liquefied natural gas (LNG) production facilities, amid the U.S.-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar March 2, 2026.

Ship traffic plunges after Iran re-closes Strait of Hormuz following Israeli strikes on Lebanon

Five vessels passed the strait on Sunday, from 26 ships spotted a day earlier, data from analytics firm Kpler showed.

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 16, 2026.

Trump demands Iran stop Hezbollah from 'causing trouble,' threatens new strikes

"If they don’t, we’ll hit Iran very hard again," he added.

US President Donald Trump speaks next to Defense Secretary Pete Hegseth during a cabinet meeting in the Cabinet Room at the White House, in Washington, DC, US, May 27, 2026.

Middle East reroutes its energy networks as region navigates shifting sands - analysis

Investments in new pipelines and energy products will be a key feature in the new regional order.

Gas flares burn at the Rumaila oil field during an armed patrol by Iraqi Energy Police in Basra, Iraq, June 8, 2026.

Syrian Petroleum Company signs new gas deal with US energy companies ConocoPhillips and Novaterra

The state media report added that the agreement was signed at the Ministry of Energy headquarters in Damascus.

Conoco gas plant after it came under the control of the Syrian government following the withdrawal of the US-backed Syrian Democratic Forces (SDF), in the countryside of Deir al-Zor, Syria, January 19, 2026.

Iran will be allowed to sell oil immediately under Trump's new MoU - report

According to the Journal’s report, the same provision allows for Iran to utilize banking, transportation, and insurance services to facilitate the sales.

An oil tanker docked at the Port of Fujairah, as the US-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6, 2026.

Israel cannot applaud an Iran deal that leaves key threats intact - editorial

For Israel, the success of any US-Iran deal will be measured not by headlines or market reactions, but by whether Tehran’s ability to threaten its neighbors is reduced.

Iranians walk past an anti-Israeli billboard carrying the sentence reading in Farsi, "Israel would not see the next 15 years" erected on the side of a building in Palestine Square in Tehran, on May 28, 2026.

Scouring Strait of Hormuz for mines could take weeks, delaying return to normal shipping

That could potentially hold up tens of millions of barrels of oil, in addition to the oil supply from the Gulf already blocked since the United States and Israel attacked Iran on February 28.

Gambia-flagged tanker vessel Bili is pictured anchored in the Strait of Hormuz off Bandar Abbas in southern Iran, May 2, 2026.

Shippers remain cautious on Strait of Hormuz transit after US, Iran agree on deal

Shippers have welcomed the news of the deal but are still waiting for more details, including mine clearance in the strait.

Vessels are anchored in the Strait of Hormuz, as seen from Musandam, Oman, June 10, 2026.

How a Venezuelan bailout became a threat to Spain's political establishment

WORLD AFFAIRS: This week, former Spanish prime minister José Luis Rodriguez Zapatero will make history as the first person of his standing to appear before the National Court.

A VEHICLE with an electronic board displays the word ‘criminals’ over images of ousted Venezuelan president Nicolás Maduro (right), former Spanish prime minister José Luis Rodriguez Zapatero (middle), and Spanish Prime Minister Pedro Sánchez (right) in New York City in March.