Oil

Oil tanker catches fire after hitting naval mine in Strait of Hormuz, Iranian state media says

Iran has claimed a string of mine strikes on tankers in recent weeks, none independently verified, as it seeks to pressure the US over its blockade.

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, November 9, 2026.
Houthi supporters rally in solidarity with the movement, in Sana’a, Yemen, Oct. 9.

Yemen's Houthis say they fired missiles at Saudi forces in Jazan, hours after Saudi all-clear

OIL TANKER Al Shaffiah sails at the sea near the Omani coast, as seen from Musandam, Oman, June 26, 2026.

Oman monitors handling of oil tanker run aground off its coast, progress of cargo operations

Iranian President Masoud Pezeshkian speaks during the UN Climate Change Conference (COP31) in Antalya, Turkey, November 11, 2026.

Iran tells COP31 it wants compensation for environmental damage from US-Israeli strikes


'We're going to hit them hard': Trump threatens Iran as Tehran escalates shipping attacks

Trump threatened to 'hit Iran hard' as Iranian officials revealed new tactics targeting ships in the Strait of Hormuz, aimed at keeping oil prices high ahead of US midterm elections.

.S. President Donald Trump arrives for a campaign rally at the Menard Memorial Sports Center on October 13, 2026 in Wasilla, Alaska.

Ongoing explosions in Riyadh, Aramco headquarters as Saudi coalition intercepts Houthi attacks

Saudi Civil Defense issued an early warning for the country's eastern province earlier on Tuesday, then issued another for Riyadh shortly after the interceptions.

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

Argentina files international case against Israeli-led oil project in UK's Falkland Islands

In September, Argentina began sanctions proceedings against more than 60 companies and people linked to the offshore oil drilling project, a move UK officials have strongly pushed back on.

The Falkland Islands

Bank executives to represent Israel at IMF conference in Bangkok

At the IMF event in Bangkok, top officials will emphasize economy strength despite the war | Burning questions on the agenda: Oil prices and global interest rates.

Bank of Israel Governor Amir Yaron.

Middle East conflicts, energy supplies, to dominate IMF-World Bank meetings in Thailand

The US-Israeli-led war with Iran, now in its eighth month, and the inflation and hardship it has caused will dominate the agenda and sideline conversations during the annual meeting.

International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, US, April 20, 2018.

CENTCOM strikes commercial vessel with precision munition after ship attempts to bypass blockade

Additionally, the IRGC said on Saturday that an oil tanker had exploded and caught fire after hitting a naval mine while transiting the Strait of Hormuz, Iranian state media reported.

Vessels transit the Strait of Hormuz off the coast of the port city of Bandar Abbas in southern Iran on September 5, 2026; illustrative

Trump leaves door open to Iran strike before midterms, less than a day after ruling it out

Asked about possible US strikes on Iran before the midterms, Trump said, "We may. I mean, we'll see." Trump also discussed the Russian diesel deal and the Fort Hood shooter.

US President Donald Trump dances on stage during a rally at Pinnacle Bank Expo Center in Grand Island, Nebraska, US, October 5, 2026.

Trump says Russia to 'immediately supply' 300,000 tons of diesel fuel to US, global markets

Another 500,000 tons are expected to be supplied in November, and another 1,000,000 'immediately thereafter,' according to Trump. Zelensky responded by saying the deal was 'an investment in war.'

A bird flies near a price board at a Rosneft petrol pump amid fuel shortages following recent series of Ukrainian air attacks on oil refineries in Russian regions and further gasoline production cuts, in the course of the Russia-Ukraine conflict, in Moscow, Russia, August 14, 2026.

UK announces new round of Russia sanctions targeting financial services, 'shadow fleet'

The sanctions were brought against companies, including those allegedly involved in Russian financial services and entities that facilitate the production and trade of Russian ballistic missiles.

The Russian flag flies on the dome of the Kremlin Senate building behind Spasskaya Tower, in central Moscow, Russia, May 4, 2023.

South Korea accused by Ukraine of aiding Russia with 176,000 tons of fuel amidst critical shortage

"These shipments began precisely when Ukrainian strikes on Russian oil refineries were reducing processing volumes and creating a fuel shortage within Russia."

The container ship "Panstar Acro" is anchored to load containers at Busan New Port in Busan on August 22, 2026, as the vessel is scheduled to sail to Europe via the Arctic to test the commercial viability of the shipping route opened by melting ice.