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


Drone strike causes diesel tank fire at Libya's Zawiya oil depot - statement

The incident came two days after a drone crashed into an untreated naphtha tank at the Zawiya refinery early on Saturday, causing a leak that staff managed to control.

A general view shows a detail of the Zawiya Oil Refinery, some 40 kms west of Tripoli, on October 27, 2011. The complex built in two different stages in 1974 and 1976 receives crude oil from the desert oil fields and treats 120,000 tons of crude daily.

Gulf states pay the price as shipping crisis exposes costly dependence on the Strait of Hormuz

"A lot of the necessities, and I'm talking food, that these Gulf nations require - Kuwait, the UAE, Bahrain, Qatar, Saudi Arabia - comes in by boat," and flying in goods is causing prices to rise.

The sun sets behind the Doha skyline on August 4, 2026.

The 51st state? Alberta set to vote on whether to pursue separation from Canada - explainer

Notably, this vote will not immediately start the secession process if Albertans vote in favor of separating from Canada, but will lead to a larger referendum on separating.

Alberta separatists rally outside the offices of Elections Alberta before turning in a petition to trigger a referendum on separating from the rest of Canada in Edmonton, Alberta, Canada May 4, 2026.

Yemen's Houthis attack Saudi Aramco's refinery in Jazan, Saudi Arabia, even after Mecca Pact signed

Earlier, the Saudi Arabian Energy Ministry said that firefighters extinguished a fire that broke out early at a facility at Aramco's Jazan refinery in southwestern Saudi Arabia.

A satellite image shows trail of smoke rising from an oil facility, in Jizan, Jazan province, Saudi Arabia, July 26, 2026.

Iranian oil exports come to a halt amid renewed US blockade - report

Satellite images revealed that all three berths on the island had been "empty for an extended period of time" after operations on Kharg Island halted on July 31.

A satellite image of Kharg Island, Iran, before US strikes, February 25, 2026.

Iraq struggles to pay public salaries as Strait of Hormuz crisis deepens

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.

This frame grab taken from AFPTV video footage on July 12, 2026 shows cargo ships anchoring near the Strait of Hormuz; illustrative

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.