Middle East
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.
News
March 06, 2026
Qatar appears to have loaded its first LNG cargo since shutting the Ras Laffan export complex and declaring force majeure after drone attacks and escalating conflict in the Middle East disrupted regional energy flows.
News
March 06, 2026
The International Energy Agency said it sees no immediate need to release emergency oil reserves despite disruptions in the Strait of Hormuz, citing ample global supply and only temporary logistical impacts from the Iran conflict.
News
March 05, 2026
WTI crude rose above $81 per barrel, the highest in 20 months, as the escalating Iran conflict disrupts shipping through the Strait of Hormuz and raises fears of prolonged global oil supply shortages.
News
March 05, 2026
Fuel shortages and price spikes are spreading across Asia as disruptions in the Strait of Hormuz halt Middle East oil shipments, forcing refiners and governments to restrict fuel exports and consider strategic stockpile releases.
News
March 05, 2026
ADNOC CEO Sultan Al Jaber met with Japan Prime Minister Sanae Takaichi to discuss energy security as tensions in the Strait of Hormuz threaten oil and LNG flows to Asian markets.
News
March 04, 2026
Oil prices continued rising as the escalating Iran conflict threatens tanker traffic in the Strait of Hormuz. Analysts warn shipping disruptions, refinery damage and tighter diesel supplies could intensify volatility across global oil and gas markets.
News
March 04, 2026
Crude storage tanks across the Middle East are rapidly filling as exports through the Strait of Hormuz remain blocked, raising the risk that major producers may be forced to cut output if shipments do not resume soon.
News
March 03, 2026
The U.S. plans to insure and escort oil tankers through the Strait of Hormuz as the conflict with Iran disrupts shipping in one of the world’s most critical energy chokepoints, through which roughly one-fifth of global oil supplies normally transit.
News
March 03, 2026
A sustained disruption to Strait of Hormuz transit could push Brent toward $110 and tighten global LNG markets, EY-Parthenon warns. While a short-lived escalation may produce only temporary price spikes, a prolonged interruption could trigger a major supply shock and recession risk.
News
March 03, 2026
Enverus warns that escalating Strait of Hormuz risks could remove up to 14 MMbpd of crude and 20% of global LNG from trade flows, potentially pushing Brent prices sharply higher if disruptions persist.
News
March 03, 2026
Energy infrastructure across the Gulf is under mounting pressure as refinery outages, drone strikes and a near-total halt in Strait of Hormuz tanker traffic drive Brent above $83/b. An analyst warns that refined products — not crude — may face the greatest volatility if disruptions persist.
News
March 03, 2026
Drone debris triggered a major fire at the Fujairah oil storage and export hub in the UAE, disrupting terminal operations and highlighting risks to Gulf crude flows outside the Strait of Hormuz.
News
March 02, 2026
Upstream oil producers accelerated 2026 hedging programs after crude prices surged on Middle East tensions, using swaps to lock in cash flow, manage volatility and capitalize on a widening backwardated futures curve.
News
March 02, 2026
As conflict in the Middle East disrupts oil and LNG flows, the ripple effects are reaching beyond fossil fuels. Qatar’s LNG shutdown, refinery suspensions and stalled Hormuz traffic are reshaping energy security debates — and complicating the outlook for renewables.
News
March 02, 2026
Qatar suspended production at its Ras Laffan LNG plant after a drone attack, disrupting roughly 20% of global LNG supply and tightening gas markets worldwide.
News
March 02, 2026
Saudi Aramco halted operations at its 550,000-bpd Ras Tanura refinery after a drone strike, though crude exports from nearby terminals remain operational.
News
March 02, 2026
Israel temporarily shut natural gas production at key offshore fields, including Karish, amid escalating conflict with Iran, raising concerns over regional gas exports.
News
March 02, 2026
Oil prices surged nearly 9% as traffic through the Strait of Hormuz slowed dramatically amid escalating Middle East conflict, raising supply disruption fears.
News
March 01, 2026
Update: Oil prices jumped after U.S.–Israeli strikes on Iran — but gains have been more muted than feared. World Oil’s latest analysis examines why crude hasn’t spiked further, the role of OPEC+ output increases, and the evolving risk to Strait of Hormuz flows.
News
March 01, 2026
Two oil tankers were attacked near the Strait of Hormuz as Iran-related tensions escalate, raising concerns over potential disruption to a chokepoint that carries roughly 20% of global seaborne crude and LNG flows.
