Iran
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.
News
March 01, 2026
OPEC+ will add 206,000 bpd of oil production in April as Middle East tensions escalate following strikes on Iran, raising concerns over potential disruptions to Strait of Hormuz crude flows.
News
January 29, 2026
Brent crude climbed above $71 a barrel as U.S. President Donald Trump warned Iran to accept a nuclear deal or face possible military action, reigniting fears of supply disruptions through the Strait of Hormuz and adding a fresh geopolitical risk premium to oil markets.
News
July 01, 2025
Momentary price spikes aside, the recent conflict and now uneasy ceasefire between Israel and Iran has done little to alter the trajectory of global oil markets, according to a new analysis by S&P Global Commodity Insights.
News
June 25, 2025
Israel ordered the resumption of production at its biggest natural gas field following a truce in hostilities with Iran, setting the stage for higher exports to Egypt. Chevron is working to resume regular production within a few hours, sources said.
News
June 24, 2025
The latest price slump brings the market back to where it was before Israel attacked Iran on June 12. Traders are now refocusing on a looming surplus later in the year, with a supply surge from producers both inside and outside the OPEC+ alliance set to outpace growth in demand.
News
June 24, 2025
Trump administration officials considered a range of options in case of a major oil supply disruption in the Middle East ahead of the U.S. strikes on Iran and President Donald Trump’s ceasefire declaration, according to people familiar with the matter.
News
June 20, 2025
Brent crude oil futures remain capped below the $80/bbl mark, as the crisis enters its second week with no clear resolution in sight, Rystad Energy analysts stated. The U.S. has signaled a potential two-week window for possible military action, while still leaving room for diplomacy.
News
June 22, 2025
Oil traders are preparing for an oil-price surge when trading reopens, with the focus on whether Tehran’s retaliation to U.S. airstrikes will lead to a disruption in crude flows that have been largely unaffected so far.
News
June 13, 2025
The unfolding Middle East crisis extended to Iran’s energy infrastructure as Israel launched an attack on a giant gas field in the Persian Gulf. The attack heightens the risk to oil infrastructure in Iran, OPEC’s third-biggest producer, and to shipments from elsewhere in the region.
News
April 22, 2025
Oil rose as the potential for the U.S. to curtail Iranian flows added to a rebound driven by broader markets. Crude slumped earlier this month on concern that tensions between the U.S. and its trading partners will hurt economic growth and oil consumption.
News
February 28, 2025
The Association of the Petroleum Industry of Kurdistan (APIKUR) applauds U.S. Secretary of State Marco Rubio’s efforts to restart oil exports from the Kurdistan Region of Iraq, including in a call with Iraqi Prime Minister Mohammed Shia al-Sudani on February 25, 2025.
News
November 26, 2024
(Bloomberg) - OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the U.S. shale industry, Iran’s representative to the group said.
News
October 29, 2024
(Bloomberg) — Israel refrained from striking Iran’s energy infrastructure in its long-awaited bombardment of the OPEC nation over the weekend, sending crude prices crashing, and turning many traders' options bets worthless
News
October 22, 2024
(WO) — Oil prices persevered as traders tracked tensions between Israel and Iran, with strikes continuing amid U.S. efforts to facilitate a cease-fire agreement.
News
October 18, 2024
An oil terminal Iran built to bypass the vital Strait of Hormuz appears to have partially filled with crude — offering Tehran a means to get a little of its oil into the world without using the waterway.
News
October 17, 2024
In response to rising tensions in the Middle East, Rystad Energy is sharing analysis from its local team on the potential implications for the region‘s upstream sector and the global oil and gas market.
