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Tag - oil

 
 

OIL

U.S. President Donald Trump during an American mining industry roundtable at the State Department in Washington on Aug. 7.
WORLD / Politics
Aug 11, 2026
Trump makes sweeping new demands on Iran as deal hopes dim
The new demands from Trump, come after Tehran asked for compensation for the U.S. and Israeli war launched on Feb. 28.
Vessels are seen anchored in the Strait of Hormuz, off the port city of Khasab on Oman's northern Musandam Peninsula, on May 17.
WORLD / Politics
Aug 10, 2026
Iran shakes up security team after saying Oman deal ¡®very close¡¯
Tehran has appointed Mohsen Rezaee, a hard-liner who previously advocated for advancing Iran¡¯s nuclear program, as the new leader of the Supreme National Security Council.
A man waves an Iranian flag before a political billboard at Valiasr Square in central Tehran on Saturday.
WORLD / Politics
Aug 10, 2026
Iran ties Hormuz reopening to U.S. concessions on several demands
Iran and the U.S. are not engaged ?in direct talks, and Tehran will not start them as long as Washington breaches an interim deal signed in June, the Iranian side has said.
A satellite image shows smoke rising from an oil facility in Jazan province, Saudi Arabia, on July 26. On Sunday Iran-aligned Houthis claimed to have attacked Saudi Aramco's Jazan refinery,  two days after the kingdom signed a defense pact with Turkey and Pakistan in response to growing regional instability from the U.S.-Israeli war on Iran.
WORLD
Aug 10, 2026
Yemen¡¯s Houthis attack Saudi refinery after kingdom signs defense pact
The alliance with Sunni Muslim U.S. allies, Turkey and Pakistan, stipulates that an attack against one would ?be regarded as an attack on all.
A woman walks past a mural depicting Iran's late supreme leader, Ali Khamenei, at Valiasr Square in central Tehran on Saturday.
WORLD
Aug 9, 2026
Iran says deal on Strait of Hormuz is close but not enough to open waterway
Agreement between Iran and Oman over the strait, which separates the two countries, is seen as vital to a wider deal to end the war.
Iranian-made Zolfaghar missiles are displayed at Azadi Square in Tehran on Sunday.
WORLD
Aug 6, 2026
Iran threatens to hit Gulf states if U.S. launches new strikes
Iran has warned that any new U.S. attack on its territory would trigger retaliation against critical energy infrastructure across the region.
A drone view shows vessels in the Strait of Hormuz, as seen from Musandam, Oman, on June 15.
WORLD / Politics
Aug 6, 2026
Proposed Hormuz deal would give Iran control of inbound traffic, sources say
Before the war, the strait was freely open to all ships with no fees.
Houthi activists stand on a platform against a banner depicting Houthi missiles, at an anti-Saudi rally amid an escalation with the kingdom, in Sanaa on July 31.
WORLD / Politics
Aug 5, 2026
Saudi Arabia tries diplomacy to stop Houthi attacks from growing
The kingdom has held talks with the Yemen-based Houthis via Omani mediators and is still preparing military options in case diplomacy fails, sources said.
An Iranian woman walks past an anti-U.S. billboard at Enghelab Square in central Tehran on Monday.
WORLD / Politics
Aug 5, 2026
U.S. eyes Hormuz deal ¡®today or tomorrow¡¯ as ship sinks in Red Sea
Tehran and Washington have been at war since February 28, when the U.S. and Israel launched surprise attacks on Iran.
A banner with a picture of U.S. President Donald Trump next to an Iranian missile system at Azadi Square in Tehran on July 30
WORLD / Politics
Aug 4, 2026
How Iran is widening its pressure campaign to force U.S. concessions
Tehran¡¯s goal is to convince the United States and its allies that containing the crisis is more costly than accommodating Iran¡¯s demands over the Strait of Hormuz.
Vendors prepare shoes for sale at a market in Phnom Penh, Cambodia, on April 24, 2019.
BUSINESS
Aug 4, 2026
Asia¡¯s energy-starved nations go dark as Hormuz tensions drag on
The cost of gasoline in parts of the region spiked after U.S. strikes on Iran in disrupted energy supplies.
President Donald Trump and CIA Director John Ratcliffe depart after a Cabinet meeting at Camp David in Thurmont, Maryland, on Friday.
WORLD / Politics
Aug 3, 2026
Trump says Iran talks to begin Monday after scrapping attack
U.S. President Donald Trump suggested a deal on reopening the Strait of Hormuz may be close?and said he would also continue to pursue a path to end Iran¡¯s nuclear program.
U.S. President Donald Trump looks on in the Oval Office of the White House in Washington on Wednesday.
WORLD / Politics
Jul 30, 2026
U.S. strikes Iran again as conflict widens across Middle East
Two-hour operation aimed to degrade Tehran¡¯s ability to threaten American forces, its Arab allies and commercial shipping, according to U.S. Central Command.
Japan's offshore wind power projects face rising costs that threaten their viability despite being a key part of the country's renewable energy strategy.
BUSINESS / Companies
Jul 30, 2026
BP exit to add strain on Japan offshore wind as costs climb
Offshore wind power is regarded as a key element in the country¡¯s renewable energy strategy, but soaring construction costs are eroding project viability.
Israeli Prime Minister Benjamin Netanyahu and U.S. President Donald Trump in the Oval Office of the White House in Washington on Tuesday
WORLD / Politics
Jul 30, 2026
Trump and Netanyahu explored all Iran options including attack, Israeli official says
The two leaders discussed diplomacy, economic pressure and force at their meeting in the White House.
Egypt's Damietta port in 2024. A drone hit a U.S.-owned gas storage tanker at the port, and it was not immediately clear who was responsible.
WORLD
Jul 30, 2026
Drone hits storage tanker at Egyptian port, security firm says
The drone hit a U.S.-owned gas storage tanker, causing a fire that then spread to another vessel, three trading sources familiar with the ?incident said.
A satellite image shows trail of smoke rising from an oil facility, in Jizan, Saudi Arabia, on Sunday.
WORLD / Politics
Jul 29, 2026
U.S. and Saudis attack Iran-backed groups in Iraq, threatening to intensify conflict
The strikes come as Oman proposed a new regional deal aimed at resolving the conflict over the critical Strait of Hormuz.
The delivery of hundreds ?of Chinese shoulder-fired air-defense missile launchers to Iran would significantly expand Tehran's inventory of short-range air-defense weapons and underscore how its military ties with ?Beijing are deepening.
WORLD / Politics
Jul 29, 2026
Iran to get Chinese shoulder-launched missile systems in weeks, sources say
The purchase, valued at $60-70 million, is one of Tehran¡¯s largest-known efforts to strengthen its air defenses since the outbreak of its war with the U.S. and Israel.
Boats float near the coast of Bab el-Mandeb, Yemen, on April 2.
WORLD
Jul 29, 2026
China in touch with Yemen¡¯s Houthis to allow ships to sail through Red Sea, sources say
The Houthis declared their blockade on July 20, opening a new front against the U.S. and its allies in the Iran war and expanding attacks on tankers.
A commercial vessel passes through an international shipping lane off Yemen's Hanish Island in the Red Sea on Monday. Yemen's Houthis ?said ?on July 20 they would impose a naval blockade on Saudi Arabia in the Red Sea.
WORLD
Jul 29, 2026
Yemen¡¯s Houthis say they fired missiles at Saudi oil tanker in Red Sea
The ?Iran-aligned group¡¯s military spokesperson said ?the ?vessel had breached the blockade, ignored ?warning calls and was forced to change course.

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