7/1/2026 8:24:43 AM (Volume: 43 / Issue: 7)
MEDIA SPONSORS
Facebook Instagram Twitter LinkedIn YouTube

Tag: Iran

Energy, Oil & Gas

Oil tops $85 as Iran hits tankers, US blockade fuels battle for Hormuz

Oil prices surged on Tuesday, with Brent crude climbing above $85 a barrel for the first time in a month, as Iran's missile strike on two oil tankers and the United States' decision to reinstate a sweeping naval blockade of Iranian ports intensified a confrontation for control of the strategic Strait of Hormuz....

Energy, Oil & Gas

Trump declares US 'Guardian of Hormuz', unveils 20% cargo levy

The Gulf faced a fresh escalation on Monday as US President Donald Trump announced the immediate reinstatement of a blockade targeting Iranian shipping in the Strait of Hormuz and proposed a 20 per cent charge on all cargo transiting the strategic waterway, intensifying a growing war of nerves between Washington and Tehran over one of the world's most critical energy chokepoints....

Energy, Oil & Gas

Oil prices surge as US-Iran strikes intensify, raising fears over Hormuz shipping

Oil prices jumped sharply at the start of Asian trading on Monday after the United States launched a second consecutive night of strikes on Iranian military targets and Tehran retaliated with fresh attacks, heightening fears of disruption to crude shipments through the Strait of Hormuz, the world's most important oil transit chokepoint....

Energy, Oil & Gas

Oil settles lower as Hormuz shipping hopes ease supply fears

Oil prices settled lower on Friday after the latest round of US-Iran fighting as traders grew hopeful that shipping would eventually resume in the Strait of Hormuz, but prices finished with sharp weekly gains. Brent crude futures fell by 29 cents to close at $76.01 a barrel. ...

Energy, Oil & Gas

IEA forecasts 0.5pc drop in global natural gas demand in 2026

The International Energy Agency (IEA) forecasts global natural gas demand will fall 0.5 per cent in 2026 as Middle East conflict-driven supply disruptions, higher prices and reduced LNG flows through the Strait of Hormuz weigh on consumption. ...

Energy, Oil & Gas

Oil prices continue to decline on export surge hopes

Oil prices further declined on Wednesday, extending the previous session's losses following the US-Iran interim peace deal which is expected to allow free passage for vessels through Strait of Hormuz....

Energy, Oil & Gas

Oil prices surge 2% over fading hopes for peace deal

Oil prices climbed more than 2% on Monday as investors reassessed expectations for a breakthrough in US-Iran negotiations, with renewed regional tensions highlighting the fragility of efforts to secure a broader peace agreement and restore stability to Middle East energy supplies. ...

Energy, Oil & Gas

US targets Iran's energy lifeline with fresh sanctions

The United States has announced new sanctions on Iranian oil and petrochemical networks, the latest move in its 'maximum pressure' strategy to curb the country's key sources of income and limit funding for its military operations, said a report....

Energy, Oil & Gas

Oil, LNG vessels exit hormuz for Pakistan, China

Two liquefied natural gas tankers passed through the Strait of Hormuz on Monday ( May 25) heading to ‌ route to Pakistan and China, while a supertanker carrying Iraqi crude for China departed the Gulf on Saturday after being stranded for nearly three months, according to shipping data cited by Reuters....

Energy, Oil & Gas

Iraq, Pakistan strike shipping deals with Iran as Tehran flexes its muscle

Countries striking side deals with Iran to secure oil and gas shipments through the Strait of Hormuz are raising fresh concerns among Gulf exporters, as the lack of progress in US-Iran peace talks fuels fears that Tehran could entrench its new control over one of the world’s most critical energy corridors....

Energy, Oil & Gas

Brent crude tops $125 a barrel as no end seen for blockades

Oil prices continued to climb on Thursday with no sign of easing, as markets priced in a prolonged supply squeeze from the Middle East following stalled negotiations and firm signals from Donald Trump that the blockade on Iran will remain in place....

Energy, Oil & Gas

Hormuz closure: Alternative routes for Mideast oil

Conflict between the US, Israel and Iran has disrupted Strait of Hormuz shipping, exposing limited export alternatives. Existing pipelines offer partial relief, while proposed routes face major political, security and financial challenges. ...

1 2 3 >