Oil

The Iran war is creating a new global energy risk beyond the Strait of Hormuz - analysis

Oil loadings at the Red Sea port of Yanbu were suspended, sources told Reuters, while Saudi Arabia’s East-West Pipeline remained offline after attacks on the kingdom’s energy infrastructure.

Damage in the aftermath of Houthi strikes on the Red Sea port city of Mocha, Yemen, August 10, 2026 in this screengrab taken from a handout video.
The oil tanker El Gaia at sea near Calshot, Southampton, Britain.

Panama-flagged oil tanker attacked in Strait of Hormuz, two crew members still missing

British Prime Minister Andy Burnham speaks during a meeting with Jewish community leaders in Downing Street, in London, Britain, September 3, 2026

Saudi Arabia asks Britain for aid against Houthis, Burnham still considering - report

A drone view shows vessels in the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026.

CENTCOM denies reported oil tanker explosion following mine collision in Hormuz


Iraq delays July public salaries as Strait of Hormuz blockade guts oil revenue

Iraq’s oil exports plunged from 100 million barrels in February to around 32 million in May and June, according to figures shown to The National by the country’s Oil Ministry.

Shia Muslims gather along the Bayn al-Haramayn or "between the two sanctuaries", a 378-meter open marble-paved avenue linking the Imam Hussein Shrine and Imam al-Abbas Shrine, in the city of Karbala on August 4, 2026.

Gulf shipping traffic steady amid uncertainty of peace talks, eight ships transit Strait of Hormuz

Six of the vessels, three tankers and three bulk carriers, were entering the strait, while a gas carrier and a tanker were exiting. Some 130 ships would typically transit the waterway before the war.

Vessels in the Strait of Hormuz, as seen from Musandam, Oman, August 3, 2026.

Trump’s Syria-Iraq pipeline plan aims to weaken Iran’s leverage - opinion

Trump is backing a revived Iraq-Syria oil pipeline to bypass the Strait of Hormuz and reshape Middle East energy.

US President Donald Trump shakes hands with Syrian President Ahmed al-Sharaa during a bilateral meeting alongside the NATO leaders summit in Ankara, last month.

Cuba suffers islandwide power grid collapse as US oil blockade deepens energy crisis

The outage follows three nationwide blackouts in July and comes as a US-imposed oil blockade further strains the island's aging energy infrastructure.

People walk down a street as Cuba's national power grid collapsed, marking the third major outage in nine days, in Havana, Cuba, July 14, 2026.

Climate change made 'fire-prone' weather conditions more likely in Spain and France, scientists say

Ongoing wildfires in Spain and France have forced hundreds of thousands of people to evacuate and scorched huge swathes of land.

Smoke rises as flames burn during a wildfire at Ares, Grionde, amongst worsening drought conditions following a heatwave and water shortages across much of France, July 25, 2026.

Oman proposes Hormuz management system with voluntary fees, source says

Iran has said the strait cannot go back to its pre-war status where shipping flowed freely, while Gulf states insist there be no mandatory payment of fees to Iran.

A vessel in the Strait of Hormuz, as seen from Musandam,Oman, July 16, 2026.

Oil tanker explodes after hitting naval mine in Strait of Hormuz, IRGC-linked media claims - report

There was no immediate official statement from Iranian authorities regarding the incident.

Vessels transiting through the Gulf of Oman are pictured off the coast of Muscat on July 25, 2026; Illustrative.

Some $18 billion of Iranian oil sold since outbreak of war, over half of annual budget

The sales generated more than 60% of the oil revenue forecast in Iran's annual budget, Iranian Oil Minister Paknejad said.

VESSELS AT the Strait of Hormuz, as seen from Musandam, Oman, June 24, 2026.

Hormuz tanker crossings slip to lowest in more than two months, data shows

One tanker crossed the Strait of Hormuz on July 23, compared with three the day earlier, data from analytics firm Kpler showed, as ships are being rerouted to paths that take significantly longer.

A vessel at the Strait of Hormuz, as seen from Musandam, Oman, July 23, 2026.

Oil settles over $100 as Houthi attacks intensify Middle East supply risks

Oil prices rose above $100 for the first time since May after Yemen's Iran-backed Houthis opened a new front in the Iran war by targeting Saudi vessels in the Bab el-Mandeb Strait.

3D printed oil barrels and rising stock graph are seen in this illustration taken March 23, 2026.