Middle East
News
March 14, 2026
The U.S. Energy Department confirmed that its planned 172-million-barrel Strategic Petroleum Reserve release tied to the Iran conflict will be structured as an exchange, with companies borrowing crude and returning it later with additional barrels.
News
March 14, 2026
U.S. strikes on Iran’s Kharg Island targeted military assets while taking pains to not damage the country’s primary oil export terminal. But the conflict continues to disrupt tanker traffic through the Strait of Hormuz.
News
March 13, 2026
Brent crude settled above $100 a barrel for a second straight session as the Middle East conflict disrupts tanker traffic through the Strait of Hormuz and fuels extreme volatility across global oil markets.
News
March 13, 2026
The U.S. has begun releasing 86 MMbbl of crude from the Strategic Petroleum Reserve as part of a coordinated international effort to ease oil prices following supply disruptions linked to the Iran conflict and halted tanker traffic through the Strait of Hormuz.
News
March 13, 2026
OPEC crude output rose by 640,000 bpd as Saudi Arabia increased production ahead of escalating tensions with Iran, according to a survey. The surge came just before tanker flows through the Strait of Hormuz were disrupted by regional conflict.
News
March 12, 2026
Brent crude surged above $100 per barrel for the first time since 2022 as tanker attacks and shipping disruptions near the Strait of Hormuz triggered the largest supply shock in oil market history.
News
March 12, 2026
TotalEnergies has restarted production at Libya’s Mabruk oil field with a new 25,000-bpd facility, marking the return of output from the onshore field after operations halted in 2015.
News
March 11, 2026
LNG suppliers including Shell have declared force majeure on contracts after a shutdown at Qatar’s massive Ras Laffan export facility, highlighting the ripple effects of supply disruptions in the global gas market.
News
March 10, 2026
Oil prices plunged more than 12% as traders struggled to interpret conflicting signals about tanker traffic and possible U.S. naval escorts through the Strait of Hormuz, the critical chokepoint that handles roughly one-fifth of global oil supply.
News
March 10, 2026
Escalating U.S. and Israeli strikes on Iran are adding new uncertainty to global oil markets as refinery outages, production cuts and the near-closure of the Strait of Hormuz disrupt supply and drive sharp volatility in crude prices.
News
March 10, 2026
Oil briefly surged above $100 per barrel amid the Iran conflict and disruptions to shipping through the Strait of Hormuz, raising concerns that higher energy prices could fuel inflation and pressure global markets.
News
March 09, 2026
Oil prices plunged after U.S. President Donald Trump suggested the Iran conflict could be nearing an end, reversing earlier gains that pushed crude above $100 amid disruptions to shipping through the Strait of Hormuz.
News
March 09, 2026
S&P Global warns the Iran conflict is evolving from a shipping disruption into a full-scale supply crisis, with roughly 17 MMbpd of oil and products affected as the Strait of Hormuz remains effectively shut.
News
March 09, 2026
G-7 finance ministers said they are prepared to release strategic oil reserves if needed to stabilize global energy markets as the Middle East conflict threatens supply and key shipping routes.
News
March 09, 2026
Saudi Arabia has begun cutting oil production as the Strait of Hormuz disruption stalls exports, forcing the kingdom to divert shipments to Red Sea terminals while storage capacity tightens across Gulf producers.
News
March 09, 2026
Borr Drilling said it has down-manned three jackup rigs in Qatar and the UAE following escalating hostilities in the Arabian Gulf, while another rig was shut down after an incident on a customer-operated platform.
News
March 09, 2026
Oil prices surged above $100 a barrel as Saudi Arabia and other Gulf producers cut output amid the near-closure of the Strait of Hormuz, with tanker traffic halted and storage tanks filling across the Persian Gulf.
News
March 08, 2026
Shipping through the Strait of Hormuz remains near a standstill, with vessel-tracking data showing only Iran-linked ships transiting the vital oil chokepoint as conflict disrupts tanker traffic.
News
March 08, 2026
U.S. Energy Secretary Chris Wright said the recent surge in oil prices reflects a temporary “fear premium” driven by the Iran conflict and disruptions to shipping through the Strait of Hormuz.
News
March 08, 2026
Saudi Aramco shares rose sharply as oil prices surged above $90 amid the Iran conflict and disruptions to shipping through the Strait of Hormuz, tightening global crude supply.
News
March 06, 2026
WTI crude climbed above $90 per barrel for the first time since 2023 as the Iran conflict disrupts shipping through the Strait of Hormuz, tightening global oil supply and driving a sharp market rally.
