Oil

US will not renew waiver on Iranian oil as it mounts pressure on Tehran, sources say

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.

A general view of the Treasury Building on day two of a partial government shutdown in Washington, DC, US, February 1, 2026.
US President Donald Trump and Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia interact during the US-Saudi Investment Forum in Washington, US, November 19, 2025.

Saudi Arabia asks US to end Hormuz blockade amid worries of possible Houthi retaliation - WSJ

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

Food shortages and rising costs: UN agency warns of global food crisis if Hormuz remains blocked

Oil barrels and several hundred dollars; Illustrative.

IMF warns of potential global recession if Iran war worsens in latest economic outlook report


Iran’s oil minister: Crude sales remain strong, revenue to aid industry repairs

Iran’s oil sales remain strong despite the ongoing conflict, with revenue allocated to repairing industry damage caused by wartime attacks, says the oil minister.

A view of an oil facility in the Khark Island, on the shore of the Gulf.

Chinese tanker sanctioned by US crosses Strait of Hormuz despite blockade

A US-sanctioned Chinese tanker, Rich Starry, crosses the Strait of Hormuz, becoming the first to exit the Gulf since the US blockade began, carrying methanol from the UAE.

An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026.

NATO allies refuse to join Trump's Strait of Hormuz blockade

Trump said the US military would work with other countries to block all maritime traffic in the waterway, after weekend talks failed to reach an agreement to end the six-week conflict with Iran.

US President Donald Trump holds a bilateral meeting with NATO Secretary General Mark Rutte at the World Economic Forum (WEF) in Davos, Switzerland, January 21, 2026.

What does a US naval blockade of Iran mean for oil flows? - explainer

After weekend peace talks in Islamabad between negotiators from the US and Iran ended without a deal, US President Donald Trump ordered a full blockade on the Strait of Hormuz.

A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province, April 12, 2026.

IMF warns Strait of Hormuz might never be back to normal

The IMF warned that the situation at Hormuz could be similar to the one in Bab-al-Mandeb, where shipping lanes haven’t yet recovered ever since the first Houthi attack.

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

Americans weigh in on the Iran war, gas prices, their fears

Reuters spoke with 16 people across Indiana, New York, California, Georgia, and Colorado to understand how they are processing the war amid rapid news cycles and a fractured political landscape.

People wave Iranian flags and signs condemning the war on Iran as they march past the Eisenhower Executive Building during a protest in Washington, DC, on February 28, 2026.

US says Iran lost track of mine locations spread in Strait of Hormuz, complicating reopening - NYT

The mines, which were laid by small boats and without a clear record of where they were placed, make the Strait of Hormuz almost impossible to transit.

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

Iran-linked ships drive traffic through Strait of Hormuz, ship tracking data shows

Despite a two-week ceasefire between Iran and the US, most vessels sailing through the Strait of Hormuz in the past day are linked to Iran, according to ship tracking data.

Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026.

US consumer inflation expected to have surged in March amid Iran war

March's US Consumer Price Index is expected to show a sharp increase due to soaring oil prices from the Iran conflict, dampening hopes for a rate cut this year.

An illustration of rising prices following US-Iran conflict.

Meloni warns Iran's plan to charge for passage through Strait of Hormuz could disrupt global trade

Italian Deputy Prime Minister Matteo ⁠Salvini said on Wednesday that Italy would not deploy naval vessels to patrol the area without authorization from the United Nations. 

Italian Prime Minister Giorgia Meloni speaks during a joint statement with President of Cyprus Nikos Christodoulides, at Chigi Palace, in Rome, Italy, February 26, 2026.