oil
33articles
Houthis Claim Strike on Saudi Aramco Facilities and Najran Airport
Yemen's Houthi forces say they struck Najran airport and Saudi Aramco oil facilities Thursday, Reuters reports, the latest escalation targeting Saudi energy infrastructure.
Oil Holds Steady as US-Iran Peace Talks Stall, Hormuz Shipping Slows
Crude prices marked time Monday as US-Iran negotiations reached an impasse and tanker traffic through the Strait of Hormuz thinned, keeping energy markets on edge.
ADNOC Says One of Its Tankers Attacked While Transiting Hormuz
Abu Dhabi National Oil Company confirmed one of its vessels came under attack in the Strait of Hormuz, Reuters reported. Saudi Arabia condemned the strike as oil pushed toward $100.
Adnoc Says Two of Its Vessels Attacked in Strait of Hormuz
UAE state oil firm Adnoc confirms two of its vessels were attacked Thursday evening while transiting the Strait of Hormuz. No injuries were reported.
Houthis Claim Drone Strike on Saudi Aramco Refinery in Jazan
Yemen's Houthi movement said Thursday it launched two drones at Saudi Aramco's refinery in the southern Jazan region, according to Reuters and the group's Saba news agency.
Aramco Halts Abqaiq Oil Operations After Houthi Attack
Saudi Aramco has suspended operations at the Abqaiq oil processing and stabilisation facility following a Houthi drone attack, Middle East Eye reported.
Iran Claims Control of Strait of Hormuz After Weekend Pause in Strikes
Iranian state media declared Monday that Tehran controls the Strait of Hormuz, the world's critical oil chokepoint, following a weekend lull in strikes.
Iran's IRGC Claims It Stopped Four Vessels at the Strait of Hormuz
Iran's Revolutionary Guard says its naval forces barred four ships from transiting Hormuz in 24 hours, adding maritime pressure to the first pause in U.S.-Iran strikes.
Brent Crude Tops $90 as US-Iran Strikes Intensify Over Hormuz
Brent crude crossed $90 a barrel on Sunday as US strikes on Iran entered a ninth consecutive night and CENTCOM's reimposed naval blockade tightened its grip on Strait of Hormuz shipping.
Iran IRGC Navy Declares Strait of Hormuz Closed
Iran's Islamic Revolutionary Guard Corps navy announced via state media that the Strait of Hormuz is closed until further notice, Reuters reports.
U.S. Demands Iran Affirm Strait of Hormuz Is Open Amid Strike Exchange
Washington is pressing Tehran to formally confirm the Strait of Hormuz is open to shipping as both sides continue trading strikes with no ceasefire in place.
Iran Oil Backs Up at Sea as Chinese Refiners Shift to Gulf Rivals
Iran's sanctioned crude is piling up at sea as China's independent refiners pivot to rival Gulf suppliers, traders say, squeezing Tehran's oil revenues.
Russian Gasoline Output Falls to 65% of Demand, Sources Tell Reuters
Ukraine's sustained strike campaign against Russian oil infrastructure has cut domestic gasoline production to roughly 65% of demand, Reuters reported, citing sources.
Kyiv Hits Russian Ships Near Crimea as IEA Cuts Oil Output Forecast
Ukraine struck Russian ships near Crimea and the IEA slashed its Russian oil output forecast, as Kyiv's deep-strike campaign targets fuel infrastructure across Siberia.
Past the Friday Window: Hormuz Quiet, Monday Tape in Focus
The IRGC's signaled Friday reopening for the Strait of Hormuz came and went without confirmation, denial, or incident. Saturday's silence sets the Monday open.
Trump Rejects Leaked Iran Terms as Tehran Asserts Hormuz Dominance
President Trump called the leaked draft memorandum "dishonorable" and "totally false" as Iran's army chief claimed Hormuz dominance and Vance ruled out cash. Oil fell anyway.
Oil Jumps as Hormuz Spillover Widens to Kuwait and an Oman Tanker Fire
Crude futures jumped overnight as the US-Iran cycle widened beyond Hormuz, with Kuwait drawn in, an Oman tanker on fire, and Kazakh and Chinese buyers scrambling for physical barrels.
Oil Stuck Near $100 Says the Market Is Pricing Hormuz, Not a War Scare
Crude holding near $100 a barrel while tactical hostilities ease tells you the premium is structural — Hormuz, insurance, dark tankers — and India is already paying for it.
Hormuz Tanker Traffic Down 90% as Dark Voyages Surge
Tanker movement through the Strait of Hormuz has collapsed roughly 90 to 95 percent versus pre-war levels, and the residual flow is increasingly going dark, leaving traders and governments without real-time visibility on Gulf crude.
Russia Eyes $13.6B Windfall From Hormuz Oil Spike
Moscow expects to pocket $13.6 billion from elevated crude prices tied to the Strait of Hormuz crisis, as Houthi pressure and US diplomacy keep the region on edge.
Tasnim leak: Hormuz transit stays under Iran's authority in proposed US deal
IRGC-linked Tasnim says the framework being negotiated leaves the Strait of Hormuz under Iranian authority — a major concession surfacing hours before Trump's expected final determination.
IRGC Claims Retaliatory Strike on US Air Base After Bandar Abbas Attack
Iran's Revolutionary Guard says it struck a US air base at 4:50 AM local time in response to Washington's overnight strikes near Bandar Abbas, with oil up over 2% and Hormuz transits under fire.
Goldman Alarm Meets an $81 Forward Floor as Hormuz Cycle Hardens
Goldman warns global oil stocks are approaching an eight-year low while the options strip holds Brent above $81 into mid-2027. Bank research and market pricing have converged.
Japan, South Korea Deepen Crude Pact as Hormuz Risk Weighs on Asia
Tokyo and Seoul are coordinating Gulf crude purchases and emergency stocks even as oil prices ease on the Trump strike pause, signaling Asian refiners are still pricing the next Hormuz disruption.
Xi Pledges No Arms to Iran, Backs Hormuz Opening in Trump Summit
Trump says Xi Jinping promised not to arm Iran and offered to help reopen the Strait of Hormuz, with the White House confirming a first joint US-China position on the blockade.
Iran Retains 70% of Missile Stockpile, ISW Warns of Rebuilt War Capacity
ISW assessed that Iran has restored access to 30 of 33 Hormuz-region missile sites and retains roughly 70% of its pre-war stockpile, as IRGC launches major exercises and rejects the US peace plan as surrender.
Trump Weighs Resuming Combat as Iran Ceasefire Hangs by Thread
Trump is more seriously considering resuming combat operations after Iran's ceasefire counterproposal — demanding reparations and Hormuz sovereignty — was rejected as garbage.
US Sanctions 12 Entities Routing Iranian Oil to China
Treasury designates 12 front companies across Hong Kong, UAE, and Oman as Bessent links Beijing's energy purchases to Iranian terrorism financing.
Iran Launches Hormuz Toll Agency, Charges $2M Per Ship
Iran's new Persian Gulf Strait Authority demands up to $2M per vessel to transit Hormuz, forcing shipping operators into a legal collision with U.S. secondary sanctions.
Oil Crashes 7.8%, S&P 500 Hits Record as Iran Deal Hopes Build
Brent crude tumbled to $101.31 and U.S. stocks ripped to record highs Tuesday as Iran's IRGC Navy reopened Hormuz to safe passage and U.S.-Iran memorandum talks advanced.
Iran Strikes UAE for First Time Since Ceasefire, Fujairah Refinery Burns
Iran attacked the UAE on May 4 for the first time since the April 8 ceasefire, igniting a fire at the Fujairah oil export hub and striking an ADNOC tanker — threatening the last major bypass route for Gulf crude.
Brent crosses $126 intraday as Trump rejects Iran's Hormuz proposal
Brent briefly traded above $126 Thursday before settling near $120 after the president rejected Tehran's offer to lift the Hormuz blockade in exchange for delayed nuclear talks.
What an Iran flare-up actually does to gas prices, the wallet, and the polling booth
Crude oil moves 10% on the headline. The pump moves 4%. Why the spread, why it lags, and how voters respond to gas-price spikes during a foreign-policy crisis. The honest answer is messier than either party suggests.