Oil

Iran begins talks with Japanese firms on oil sales under temporary US sanctions waiver

A senior Iranian official said any deal would require the US to extend the current waiver given the shipping time between Japan and Iran.

 Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023.
 TURKEY-IRAQ-KURDS-MILITARY-DRILL A photographer takes pictures as soldiers stand next to tanks bearing Turkish and Iraqi flags during a joint military exercise near the Turkish-Iraqi border at Silopi district in Sirnak on September 26, 2017.

Iraq, Turkey discuss protocol to keep oil exports flowing, Iraqi foreign ministry says

Firefighters take a break as they work at a site of a Russian missile and drone strikes, amid Russia’s attack on Ukraine, in Kyiv, Ukraine, July 2, 2026.

Russia launches massive attack on Kyiv, killing at least 10 in retaliation for Ukrainian strikes

Iran flag at a Persian Gulf oil facility, July 2005

Iran sold 50 million barrels of oil since the lifting of the American blockade


Oil surges, stocks fall as US-Iran tensions threaten Strait of Hormuz shipping flows driving risk

Iran rejected new peace talks with the US, its state news agency reported on Sunday, hours after US President Donald Trump said he was sending envoys for talks in Pakistan

An illustration of oil barrels, pipelines, and drills, over the backdrop of US and Iranian flags.

Qatar facing 'strategic shock' in energy, influence crisis in wake of Iran war

During the war, Qatar faced around 700 Iranian missile and drone attacks targeting US bases on its territory. Although no civilian casualties were reported, its economy faced devastating impacts.

People gather as smoke rises at the Industrial Area after reported Iranian missile attacks, following United States and Israel strikes on Iran, in Doha, Qatar, March 1, 2026

At least four injured in incident at BP refinery near Seattle

At least four people were injured, with three hospitalized, following an explosion at BP's Cherry Point Refinery in Blaine, Washington.

BP Cherry Point Refinery, near Seattle, Washington; illustrative.

US renews Russian oil waiver after pressure from countries dealing with Iran war price shocks

The Treasury Department's waiver lets countries purchase Russian oil and petroleum products loaded on vessels as of Friday through May 16.

An aerial view shows the oil tanker named Boracay (also called Pushpa), a vessel being investigated by French authorities and suspected of belonging to the so-called "shadow fleet" involved in the Russian oil trade, off the coast of the western France port of Saint-Nazaire, France, October 2, 2025

Five tankers seen loading oil on Iran's Kharg Island, as US blockades Strait of Hormuz - report

Another five tankers, loaded with approximately 9 million barrels of oil, were spotted in the Gulf of Oman earlier this week and are no longer visible in the images.

An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026.

Shipping firms seek clarifications before crossing Hormuz as tankers move towards Strait

A group of around 20 ships, including container ships, bulk carriers, and tankers, was seen moving in the Gulf towards the exit via the Strait of Hormuz, according to ship tracking data.

Hapag-Lloyd sign on a container ship at the Valparaiso port, Chile, January 11, 2024.

US-Israel war with Iran reshapes global alliances, benefits Russia - opinion

If there are any winners during the war with Iran, one may be Vladimir Putin, the man Trump has frequently called his “good friend.”

US President Trump meets with Russian President Putin in Alaska, August 15, 2025

US sanctions Iranian oil shipping network run by son of Ali Shamkhani

Shamkhani’s network had previously been sanctioned by the Treasury in July of 2025. The US issued 115 sanctions against the group, according to a Treasury press release at the time.

A ship passes through the Strait of Hormuz.

Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack, source says

The war with Iran has resulted in the largest-ever disruption of global oil and gas supplies due to Iran's interruption of traffic through the Strait of Hormuz.

A vessel in the Strait of Hormuz, off the coast of Oman’s Musandam province, April 12, 2026.

Qatar warns 'full-fledged' Iran war impact about to hit global economy

At an IMF discussion in Washington, Qatari Finance Minister Ali Ahmed Al-Kuwari warned that the world will soon face huge economic ramifications resulting from the war with Iran.

Qatar's Finance Minister Ali bin Ahmed Al Kuwari speaks during a session in the Qatar Economic Forum in Doha on May 20, 2025.