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


Iranian drone attack sparks fire at Shuwaikh Oil Complex in Kuwait

The drone attack caused a fire at the Shuwaikh Oil Sector Complex, but no injuries were reported.

Kuwait Petroleum Corporation headquarters, illustrative.

World food prices set to continue soaring if Iran war persists, says UN report

The global surge in food prices comes as the Strait of Hormuz, a key shipping route in the Middle East, remains shut down as governments scramble to reopen it.

A map showing the Strait of Hormuz, also known as Madiq Hurmuz, and 3D printed oil barrels are seen in this illustration taken March 26, 2026.

IDF kills Iranian ballistic missile chief, US strike targets key supply bridge in Tehran

US strike targets a major highway bridge connecting Tehran to Karaj, with a source saying the strike was intended to disrupt Iranian supply routes used to transport missile and drone components.

Smoke rises from the site of a strike in Tehran on April 1, 2026.

Gulf states consider bypassing Strait of Hormuz with new oil pipelines via Haifa - FT

The Financial Times reported that the Gulf states aim to create a new network of pipelines, roads, and railways to stop relying on the Strait of Hormuz.

3D-printed oil barrels, an oil pump jack and a map showing the Strait of Hormuz and Iran appear in this illustration taken March 2, 2026.

Bahrain's Strait of Hormuz resolution runs into fresh obstacles at UN

Bahrain's initial draft had explicitly invoked Chapter VII of the UN Charter, which allows the Security Council to authorize measures ranging from sanctions to military force.

Jamal Fares Alrowaiei, Permanent Representative of the Kingdom of Bahrain to the United Nations, addresses the Security Council during the meeting on the situation in the Middle East, at UN headquarters in New York City, US, February 18, 2026.

Exposing the hidden forces in the Iranian war

Shir Perets debunks viral claims and examines the narratives driving the conversation around Israel and the war.

Shir Perets debunks viral claims and examines the narratives driving the conversation around Israel and the war.

Iran war 'shock' is dimming outlook for many economies, IMF says

The International Monetary Fund warned that the war in Iran was causing a global, but asymmetric shock and leading to tighter financial conditions.

Iran and Iraq map. Ilustration.

Netanyahu: 'Only long-term solution for Hormuz crisis is rerouting pipes to Mediterranean'

"Long-term solutions include rerouting energy pipelines westward, across Saudi Arabia to the Red Sea and Mediterranean, bypassing Iran's geographic choke point," Netanyahu told Newsmax.

Indian Prime Minister Narendra Modi and Israeli Prime Minister Benjamin Netanyahu visit at the Yad Vashem Holocaust Museum in Jerusalem, February 26, 2026.

Trump again warns Iran to open Strait of Hormuz or risk US strikes on oil wells, power plants

Trump also threatened to attack Kharg Island and the desalination plants that supply clean water in Iran.

US President Donald Trump talks to members of the media aboard Air Force One en route to Joint Base Andrews, Maryland, US, March 29, 2026.

Oil is Trump‘s Achilles heel: The Iran war is being fought at the gas pump - opinion

The world’s largest oil producer is being held hostage by Iran’s blockade of a 21-mile-wide chokepoint as President Donald Trump decides how to deal with the strait’s closure.

INDIAN VESSEL ‘Nanda Devi’ carrying liquefied petroleum gas arrives at Vadinar Port in the Jamnagar district of Gujarat state earlier this week, after Iran allowed it to pass through the Strait of Hormuz, a key energy corridor that Iran has selectively closed.