Oil

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.
US President Donald Trump gestures as he boards Air Force One, after attending Game 3 of the NBA Finals, at John F. Kennedy International Airport in New York, June 8, 2026.

Trump says agreement with Iran approved by all parties involved, including Israel, cancels strikes

INDIAN VESSEL 'Nanda Devi' carrying liquefied petroleum gas (LPG) arrives at Vadinar Port in the Jamnagar district of Gujarat state on March 17, 2026 after Iran allowed it to pass through the Strait of Hormuz, a key energy corridor that remains disrupted by the Middle East war.

Three sailors dead from US strikes on tanker off Oman, India confirms

ASAF HASANLI, a specialist with Azerbaijan’s state oil company SOCAR, at the Caspian Oil and Gas trade show during Baku Energy Week in Baku, Azerbaijan, June 3, 2026.

As Iran threatens regional fuel shipping, Azerbaijan becomes Israel’s gas buffer


Your Taxes: The Iran war’s commercial impact

The latest Iran war is having an economic impact on the world economy. If less fuel is available to the world through the Strait of Hormuz, it means less travel and fewer petroleum products.

 Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken, June 6, 2023.

US-Iran war pushes India to rekindle old friendship with Russia

Delhi and Moscow are deepening their energy cooperation, with both sides agreeing to prepare for Russia to resume direct sales of liquefied natural gas.

 Russian President Vladimir Putin (C), Indian Prime Minister Narendra Modi (4R) and Indian President Smt. Droupadi Murmu (5R) greet delegations during the welcoming ceremony at the Rashtrapati Bhavan Presidental Palace, on December 5, 2025 in New Delhi, India.

Trump says Iran's 'present' to US was allowing ten oil tankers through Hormuz

Trump made the comments at a Cabinet meeting in the White House, elaborating on what he had previously described as an energy-related "present" from Iran.

US President Donald Trump holds a cabinet meeting at the White House in Washington, DC, US, March 26, 2026.

Iran fortifying Kharg Island in preparation for potential US attack - report

US officials and military experts have warned of the significant risks that a US ground invasion of Kharg Island, Iran's primary hub for oil exports, would pose.

A satellite image shows an oil terminal at Kharg Island, Iran, February 25, 2026. 2026

United Airlines CEO: Ticket prices may climb by as much as one-fifth due to fuel prices

United Airlines modeled a worst-case scenario in which prices reach $175 per barrel.

 FedEx airplane.

Asia looks to COVID-era playbook to tackle fuel crisis from Iran war

Asia is at the frontline of the fuel crisis, buying more than 80% of the crude that transits the Strait of Hormuz, which has been almost totally blocked by Iran since the war broke out in February.

A coastguard boat approaches an Indian liquefied petroleum gas (LPG) carrier, Shivalik, as it arrives at Mundra Port via the Strait of Hormuz, amid the US-Israel conflict with Iran, in Gujarat, India, March 16, 2026.

Iran tells UN: 'non-hostile' ships can transit Strait of Hormuz

The note regarding the Strait of Hormuz from Iran's Ministry of Foreign Affairs was sent to the 15-member Security Council and UN Secretary-General Antonio Guterres.

The Callisto tanker sits anchored as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 10, 2026.

Asia is most affected continent by Strait of Hormuz closure, with 80% of Gulf energy imports

A New York Times report revealed that Asian countries are entering an energy crisis due to the closure of the Strait of Hormuz, while Western nations will feel the economic effects of the war.

Asia will be the most affected continent by the closure of the Strait of Hormuz.

Traders bet $500 million on oil price just before Trump's post on delay to Iran attack

Having issued Iran with a Monday deadline to reopen the critical Strait of Hormuz or face its power plants being "obliterated," Trump's post unleashed a powerful selloff in oil and natural gas.

U.S. Stock Market.

Israel's endurance buys Iranian isolation - editoral

Israelis face mounting costs from the war with Iran, but regional signals suggest Tehran is becoming more isolated across the Middle East.

People walk past a mural drawn by the "Grafitiyul" graffiti art group depicting Iran's Supreme Leader Ayatollah Ali Khamenei, on a street in the Israeli coastal city of Tel Aviv on July 22, 2025.