Oil

Shipping slows through Strait of Hormuz after tanker attacks, data shows

Some ships may pass through undetected with transponders off, but the figures are far from the more than 130 ships a day that traversed the Strait of Hormuz before the war.

This image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates, 2004.
An Oil tanker named Yu fu Zuo unload imported crude oil at the crude oil terminal of in Qingdao port, in China's eastern Shandong province on July 16, 2026.

China-based Hengli Group main importer of sanctioned Iranian crude oil, analysts say - report

Vessels in the Strait of Hormuz, as seen from Musandam, Oman, August 3, 2026.

UAE says Iran attacked ADNOC vessel in Hormuz, urges Iran to halt attacks, reopen waterways

A driver resting in his electric truck while charging it at a station in Beijing, April 23, 2026.

China's export of electric trucks across Asia spikes, as Iran war fuels higher oil costs


Salvors work to secure Russian shadow fleet ship leaking oil off Oman, risk firm Ambrey says

The spill from the Caroline Bezengi tanker, apparently the result of an unexplained attack on the vessel in June, has spread around a nature reserve and hit Oman's coastline on Wednesday.

The damaged and half sunk oil tanker Caroline Bezengi, at sea off the coast of Oman, on a date given as August 6, 2026.

Explosion in Rotterdam kills at least one person, is under investigation

The cause of the explosion is still unclear and is being investigated.

A view of a charred wall of a building at Rotterdam port after an explosion, in Rotterdam, Netherlands, August 13, 2026 in this still image obtained from a video.

Middle East natural resources reveal a hidden map of abundance and scarcity

The smaller resource base has pushed both countries to lean harder into non-oil sectors such as finance, logistics, and tourism.

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on February 15, 2026; illustrative

Zelensky halts drone strikes on Black Sea oil tankers in Russian port after demand from US VP Vance

Ukraine agreed to not target non-Russian ships, so long as they were not sanctioned by Ukraine or carrying any Russian cargo.  

A member of "Timur's Special Forces Unit" of the Defence Intelligence of Ukraine waits on a military boat next to Snake Island, also known as Zmiinyi Island, located in the Black Sea, on August 14, 2025.

Drone targets fuel tank at Zawiya oil complex in latest attack, Libya's NOC says

The drone strike marks the latest in a series of attacks against the refinery over the past several days.

The new Libyan flag flutters outside an oil refinery in Zawiya on September 23, 2011.

Trump returns to an old weapon: Behind US's decision to economically choke Iran - analysis

US Treasury Secretary Scott Bessent said last month that the administration’s economic policy had sent the Iranian currency into "free fall" and pushed inflation into triple-digit rates.

U.S. President Donald Trump waves as he disembarks Air Force One at Joint Base Andrews, Maryland, US, August 9, 2026.

Drone strike causes diesel tank fire at Libya's Zawiya oil depot - statement

The incident came two days after a drone crashed into an untreated naphtha tank at the Zawiya refinery early on Saturday, causing a leak that staff managed to control.

A general view shows a detail of the Zawiya Oil Refinery, some 40 kms west of Tripoli, on October 27, 2011. The complex built in two different stages in 1974 and 1976 receives crude oil from the desert oil fields and treats 120,000 tons of crude daily.

Gulf states pay the price as shipping crisis exposes costly dependence on the Strait of Hormuz

"A lot of the necessities, and I'm talking food, that these Gulf nations require - Kuwait, the UAE, Bahrain, Qatar, Saudi Arabia - comes in by boat," and flying in goods is causing prices to rise.

The sun sets behind the Doha skyline on August 4, 2026.

The 51st state? Alberta set to vote on whether to pursue separation from Canada - explainer

Notably, this vote will not immediately start the secession process if Albertans vote in favor of separating from Canada, but will lead to a larger referendum on separating.

Alberta separatists rally outside the offices of Elections Alberta before turning in a petition to trigger a referendum on separating from the rest of Canada in Edmonton, Alberta, Canada May 4, 2026.

Yemen's Houthis attack Saudi Aramco's refinery in Jazan, Saudi Arabia, even after Mecca Pact signed

Earlier, the Saudi Arabian Energy Ministry said that firefighters extinguished a fire that broke out early at a facility at Aramco's Jazan refinery in southwestern Saudi Arabia.

A satellite image shows trail of smoke rising from an oil facility, in Jizan, Jazan province, Saudi Arabia, July 26, 2026.