Oil

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.
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.

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

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

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

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.

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


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.

Iran's threat to halt oil exports across the Gulf a 'dangerous escalation,' analyst warns

A Bahraini analyst warned that Tehran’s threat against regional infrastructure erases the line between US targets and Gulf economies, even if Iran may be attempting to project strength.

Iran's top negotiator and speaker of its Parliament, Mohammad Bagher Ghalibaf, meets the head of Pakistan's Army Field Marshal Syed Asim Munir (not pictured) on April 16, 2026 in Tehran, Iran.

Two Dynacom Tankers vessels attacked off Oman amid escalating US-Iran hostilities

The crew members of both vessels were safely located by Oman authorities and transferred to shore, Dynacom said, adding that it was in close contact with all relevant regional authorities.

Ships are docked along a pier at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in Sharjah Emirate, along the Gulf of Oman on July 14, 2026.

Iran used brief US truce to build $6 billion oil buffer - report

Tehran rushed 70 million barrels toward China during a month-long pause in the US blockade, securing up to $6 billion before renewed strikes.

 Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026 in Muscat, Oman.