Oil

US halts Iran strikes 'for time being,' as focus shifts to economic sanctions, Rubio says - report

Operation Economic Outcast was announced on Monday by US Treasury Secretary Scott Bessent, following earlier threats of an "economic D-Day" against the regime.

US Secretary of State Marco Rubio speaks during a cabinet meeting at Camp David in Thurmont, Maryland, US, July 31, 2026.
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.

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

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


Iran sold 50 million barrels of oil since the lifting of the American blockade

According to expert estimates, Iran's revenues total approximately $3.5 billion – based on oil prices over the past two weeks.

Iran flag at a Persian Gulf oil facility, July 2005

Rig explosion in Venezuela leaves at least 17 workers wounded, evacuated to Colombia

The wounded were taken to neighboring Colombia for medical treatment as the cause of the blast remains unclear.

Workers of Venezuelan state oil company PDVSA at a rig near Cabimas, Venezuela, January 27, 2026.; illustrative.

IRGC dismisses claim 20 m. barrels of oil used to promote, fund war effort

Mohebbi’s assertion of Tehran’s responsibility did not touch upon the fact that the IRGC’s oil allocation already tripled last year, security expert Roger Macmillan explained to The Jerusalem Post. 

OIL TANKER Al Shaffiah sails at the sea near the Omani coast, as seen from Musandam, Oman, June 26, 2026.

Iran, US to work on negotiating peace deal in Doha after de-escalating weekend strikes

Mediators have established communications channels to de-escalate any incidents, and technical talks are set to continue, the source, with knowledge of the discussions, added.

IRAN'S DELEGATION including Minister of Foreign Affairs of Iran Abbas Araghchi (C) and Speaker of the Islamic Parliament of Iran, Mohammed Bagher Ghalibaf (2ndR) arrive for a quadrilateral meeting between the United States, Iran, Pakistan and Qatar at the Burgenstock luxury hotel complex.

Iran to pursue human rights cases against the US, will seize assets, judiciary chief announces

At the American Human Rights Week event, Ejei claimed that courts had already issued rulings against American officials “who have committed crimes against our people.”

IRAN'S JUDICIARY Chief Gholam-Hossein Mohseni Ejei (C) attends a gathering at the Imam Khomeini Mosque (Mosalla) to commemorate those killed in former wars and also those killed during the latest US-Israel led war, in Tehran on May 24, 2026.

Saudi Aramco helicopter crashes in Ras Tanura, at least 14 killed, authorities confirm

Ras Tanura hosts the largest refinery in the Middle East, and it is operated by Saudi Aramco, who own the helicopter involved in the incident.

General view of Aramco tanks and oil pipe at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018; illustrative.

Hundreds killed, thousands more feared dead after two earthquakes rock Venezuela

The USGS, using predictive modeling to estimate the death toll, said it would most likely run into the thousands. Some 200 people are currently feared trapped under rubble.

Emergency services work at the site of a collapsed building after earthquakes hit the country, in Caracas, Venezuela, June 25, 2026.

Will Iraq finally help protect Kurdistan's oil fields from drone attacks? - analysis

For Iraq, it doesn’t seem to matter if the Kurdistan Region is attacked, because then the region can’t sell oil or provide itself with gas for electricity.

Members of the Kurdistan Democratic Party of Iran (KDPI) participate in a military drill in an outpost near Erbil, Kurdistan region of Iraq on January 15, 2026.

IAEA chief, Trump says Iran agreed to nuclear inspections, Tehran denies deal - report

US President Donald Trump said Iran has agreed to allow long-term nuclear inspections, a claim Tehran has rejected, as he also addressed US naval positioning near the Strait of Hormuz.

Rafael Mariano Grossi, candidate for the position of the next Secretary-General, speaks during a dialogue with delegations while candidates for the position of new United Nations Secretary General are interviewed at U.N. headquarters in New York City, U.S., April 21, 2026.

'Cold cost-benefit calculation': Washington greenlights Tehran’s oil transactions under MoU

Washington has issued a 60-day license allowing Iran to resume oil transactions, a step linked to diplomatic talks and already impacting global crude prices.

A vendor pumps petrol from Iranian fuel oil tankers for resale near the Bashmagh border crossing on March 11, 2026.