Oil

Several oil companies to avoid using ships on Iran's blacklist over security concerns, sources say

"We will avoid our chartered vessels dealing in STS or anything to do with non-compliant ships for Middle Eastern cargoes," said one of the sources, who works at an Indian refinery.

Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026.
Fans take pictures with a Lego World Cup trophy as they attend a watch party for the France vs Spain FIFA World Cup Semifinal match at Rockefeller Center on July 14, 2026 in New York City.

Lego sales rise as World Cup products draw new customers, despite Iran war raising cost of plastics

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

Strait of Hormuz traffic plunges as Iran, US blockades restrict energy shipments

An Iranian flag flutters in the wind as ships remain anchored in the Strait of Hormuz on May 16. Negotiations between the US and Iran over opening this critical waterway have largely stalled.

Iran made billions of dollars, bypassed sanctions amid US blockade, top official Rezaee claims


Shipping slows through Strait of Hormuz after tanker attacks, data shows

Some ships may pass through undetected with transponders off, but the figures are far from the more than 130 ships a day that traversed the Strait of Hormuz before the war.

This image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates, 2004.

China-based Hengli Group main importer of sanctioned Iranian crude oil, analysts say - report

Hengli is one of the largest companies in a network of "teapot" refineries in China that purchase sanctioned oil, according to the officials cited by WSJ.

An Oil tanker named Yu fu Zuo unload imported crude oil at the crude oil terminal of in Qingdao port, in China's eastern Shandong province on July 16, 2026.

UAE says Iran attacked ADNOC vessel in Hormuz, urges Iran to halt attacks, reopen waterways

The UAE Foreign Ministry called on Tehran to halt what it described as unprovoked attacks, the third in less than a week, end hostilities, and fully reopen the waterway.

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

China's export of electric trucks across Asia spikes, as Iran war fuels higher oil costs

China’s rapid adoption of e-trucks - from lighter vehicles to tractor-trailers - has partially shielded the world's biggest auto market from the impact of the conflict.

A driver resting in his electric truck while charging it at a station in Beijing, April 23, 2026.

Salvors work to secure Russian shadow fleet ship leaking oil off Oman, risk firm Ambrey says

The spill from the Caroline Bezengi tanker, apparently the result of an unexplained attack on the vessel in June, has spread around a nature reserve and hit Oman's coastline on Wednesday.

The damaged and half sunk oil tanker Caroline Bezengi, at sea off the coast of Oman, on a date given as August 6, 2026.

Explosion in Rotterdam kills at least one person, is under investigation

The cause of the explosion is still unclear and is being investigated.

A view of a charred wall of a building at Rotterdam port after an explosion, in Rotterdam, Netherlands, August 13, 2026 in this still image obtained from a video.

Middle East natural resources reveal a hidden map of abundance and scarcity

The smaller resource base has pushed both countries to lean harder into non-oil sectors such as finance, logistics, and tourism.

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on February 15, 2026; illustrative

Zelensky halts drone strikes on Black Sea oil tankers in Russian port after demand from US VP Vance

Ukraine agreed to not target non-Russian ships, so long as they were not sanctioned by Ukraine or carrying any Russian cargo.  

A member of "Timur's Special Forces Unit" of the Defence Intelligence of Ukraine waits on a military boat next to Snake Island, also known as Zmiinyi Island, located in the Black Sea, on August 14, 2025.

Drone targets fuel tank at Zawiya oil complex in latest attack, Libya's NOC says

The drone strike marks the latest in a series of attacks against the refinery over the past several days.

The new Libyan flag flutters outside an oil refinery in Zawiya on September 23, 2011.

Trump returns to an old weapon: Behind US's decision to economically choke Iran - analysis

US Treasury Secretary Scott Bessent said last month that the administration’s economic policy had sent the Iranian currency into "free fall" and pushed inflation into triple-digit rates.

U.S. President Donald Trump waves as he disembarks Air Force One at Joint Base Andrews, Maryland, US, August 9, 2026.