4/29/2026 10:00:23 AM (Volume: 43 / Issue: 5)
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Tag: iran

Energy, Oil & Gas

Trump says military targets on Kharg Island destroyed, threatens to hit oil facilities

US President Donald Trump said on Friday American forces had destroyed military targets on Iran’s Kharg Island, Tehran’s main oil export terminal, while warning he could also target the island’s petroleum infrastructure if Iran or its allies continue threatening shipping through the Strait of Hormuz, sending fresh tremors through oil markets....

Energy, Oil & Gas

Iranian attacks target fuel tanks in Bahrain

Bahrain's Ministry of Interior has said that the Iranian aggression targeted fuel tanks at a facility in the Muharraq Governorate. Authorities concerned are taking the required steps, it said....

Energy, Oil & Gas

Oil prices soar 30% to $119 a barrel as ​producers cut supplies

Oil prices surged nearly 30% to more than $119 a barrel on Monday, hitting levels not seen since mid-2022, as some major ​producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding US-Israeli war with Iran....

Energy, Oil & Gas

Tanker attacks escalate in Gulf as US-Iran conflict intensifies

Attacks on commercial shipping in the Gulf intensified on Thursday as the war between the US and Iran escalated, raising concerns about disruptions to energy supplies from one of the world’s most critical oil transit routes. Nine vessels have come under attack since the conflict broke out on Saturday. ...

Energy, Oil & Gas

Oil oversupply to cushion impact of Hormuz shipping disruptions, says expert

The effective closure of the Strait of Hormuz following the outbreak of the Iran conflict, is likely to be temporary given its vital economic role. This, alongside global oil market oversupply, should limit oil price rises and mitigate any potential disruptions to Iranian oil supply, said an industry expert. ...

Energy, Oil & Gas

Drone strike targets Ras Tanura refinery; no damage

Saudi Arabia said on Wednesday that an attempted drone strike targeted the Ras Tanura Refinery, the Kingdom’s largest oil processing facility, but caused no damage and did not disrupt supplies....

Energy, Oil & Gas

QatarEnergy stops production of LNG 'due to military attacks'

QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City, the company said....

Energy, Oil & Gas

Attacks on nuclear facilities will be disastrous warns IAEA

Armed attacks on nuclear facilities should never take place and could result in radioactive releases with grave consequences within and beyond the boundaries of the state which has been attacked, IAEA has warned....

Energy, Oil & Gas

Hundreds of ships drop anchor in Gulf waters

At least 150 tankers, including crude and LNG vessels, dropped anchor in open Gulf waters beyond the Strait of Hormuz and dozens more were stationary on the other side of the chokepoint, shipping data showed, after US and Israeli strikes on Iran plunged the region into turmoil....

Energy, Oil & Gas

Oil prices jump 7% over Middle East conflict

Global oil prices surged on Monday as escalating hostilities in the Middle East rattled energy markets, raising fears of a prolonged supply disruption from one of the world’s most critical oil-producing regions....

Energy, Oil & Gas

Oil near seven-month high as Mideast war clouds loom

Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict ​between the US and Iran ​that could disrupt supply continued ​to worry investors as talks between the parties are set for Thursday. Brent prices soared to $71.10 per barrel, their highest since July 31, 2025. ...

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