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


Food shortages and rising costs: UN agency warns of global food crisis if Hormuz remains blocked

The closure of the narrow waterway, which normally carries around a fifth of global Liquified Natural Gas supplies, will have a rippling impact beyond the Middle East, Maximo Torero warned.

A map showing the Strait of Hormuz is seen in this illustration taken June 22, 2025.

IMF warns of potential global recession if Iran war worsens in latest economic outlook report

The report notes that the worst-case "severe scenario," which assumes an extended conflict and high oil prices, would lead the world into another recession.

Oil barrels and several hundred dollars; Illustrative.

Iran’s oil minister: Crude sales remain strong, revenue to aid industry repairs

Iran’s oil sales remain strong despite the ongoing conflict, with revenue allocated to repairing industry damage caused by wartime attacks, says the oil minister.

A view of an oil facility in the Khark Island, on the shore of the Gulf.

Chinese tanker sanctioned by US crosses Strait of Hormuz despite blockade

A US-sanctioned Chinese tanker, Rich Starry, crosses the Strait of Hormuz, becoming the first to exit the Gulf since the US blockade began, carrying methanol from the UAE.

An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026.

NATO allies refuse to join Trump's Strait of Hormuz blockade

Trump said the US military would work with other countries to block all maritime traffic in the waterway, after weekend talks failed to reach an agreement to end the six-week conflict with Iran.

US President Donald Trump holds a bilateral meeting with NATO Secretary General Mark Rutte at the World Economic Forum (WEF) in Davos, Switzerland, January 21, 2026.

What does a US naval blockade of Iran mean for oil flows? - explainer

After weekend peace talks in Islamabad between negotiators from the US and Iran ended without a deal, US President Donald Trump ordered a full blockade on the Strait of Hormuz.

A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province, April 12, 2026.

IMF warns Strait of Hormuz might never be back to normal

The IMF warned that the situation at Hormuz could be similar to the one in Bab-al-Mandeb, where shipping lanes haven’t yet recovered ever since the first Houthi attack.

A map showing the Strait of Hormuz is seen in this illustration taken June 22, 2025.

Americans weigh in on the Iran war, gas prices, their fears

Reuters spoke with 16 people across Indiana, New York, California, Georgia, and Colorado to understand how they are processing the war amid rapid news cycles and a fractured political landscape.

People wave Iranian flags and signs condemning the war on Iran as they march past the Eisenhower Executive Building during a protest in Washington, DC, on February 28, 2026.

US says Iran lost track of mine locations spread in Strait of Hormuz, complicating reopening - NYT

The mines, which were laid by small boats and without a clear record of where they were placed, make the Strait of Hormuz almost impossible to transit.

 A map showing the Strait of Hormuz and Iran is seen in this illustration taken June 22, 2025.

Iran-linked ships drive traffic through Strait of Hormuz, ship tracking data shows

Despite a two-week ceasefire between Iran and the US, most vessels sailing through the Strait of Hormuz in the past day are linked to Iran, according to ship tracking data.

Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026.