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.
Iraq, Turkey discuss protocol to keep oil exports flowing, Iraqi foreign ministry says
Russia launches massive attack on Kyiv, killing at least 10 in retaliation for Ukrainian strikes
Iran sold 50 million barrels of oil since the lifting of the American blockade
Iran’s economy could collapse within three months under naval blockade, experts warn
An expert on Iran's military noted that Iranian authorities have previously declared that if they are denied access to their ports, they will prevent other countries in the region from using theirs.
Iraq turns to Syria for oil exports after Hormuz disruptions from US blockade
Iraq is rerouting oil exports through Syria’s Baniyas terminal as its maritime oil shipments face disruptions due to the Iranian and US blockades of the Strait of Hormuz.
US will not renew waiver on Iranian oil as it mounts pressure on Tehran, sources say
The waiver, which the Treasury Department issued on March 20, allowed some 140 million barrels of oil to reach global markets and helped relieve pressure on energy supply during the war with Iran.
Saudi Arabia asks US to end Hormuz blockade amid worries of possible Houthi retaliation - WSJ
Saudi officials appear to be weighing not only the direct risks in the Gulf, but also the possibility that Iran could respond through allied forces elsewhere in the region.
Food shortages and rising costs: UN agency warns of global food crisis if Hormuz remains blocked
The closure of the narrow waterway, which normally carries around a fifth of global Liquified Natural Gas supplies, will have a rippling impact beyond the Middle East, Maximo Torero warned.
IMF warns of potential global recession if Iran war worsens in latest economic outlook report
The report notes that the worst-case "severe scenario," which assumes an extended conflict and high oil prices, would lead the world into another recession.
Iran’s oil minister: Crude sales remain strong, revenue to aid industry repairs
Iran’s oil sales remain strong despite the ongoing conflict, with revenue allocated to repairing industry damage caused by wartime attacks, says the oil minister.
Chinese tanker sanctioned by US crosses Strait of Hormuz despite blockade
A US-sanctioned Chinese tanker, Rich Starry, crosses the Strait of Hormuz, becoming the first to exit the Gulf since the US blockade began, carrying methanol from the UAE.
NATO allies refuse to join Trump's Strait of Hormuz blockade
Trump said the US military would work with other countries to block all maritime traffic in the waterway, after weekend talks failed to reach an agreement to end the six-week conflict with Iran.
What does a US naval blockade of Iran mean for oil flows? - explainer
After weekend peace talks in Islamabad between negotiators from the US and Iran ended without a deal, US President Donald Trump ordered a full blockade on the Strait of Hormuz.
