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


Hormuz crossings rise slightly from weekend, remain in single digits, data shows

Some vessels could be passing through the strait with their transponders switched off and they are not considered in the tally.

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 18, 2026.

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.