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              Oil

              Latest news about the key commodity driving global economies, markets and energy policies

              Sailors on a cargo vessel near Oman's Port Sultan Qaboos. Traffic at the Strait of Hormuz has improved, but safety concerns remain. Getty Images

              Oil on track for sharp weekly loss as Strait of Hormuz traffic improves

              EnergyJune 26, 2026
              Oil tankers and cargo vessels are anchored off Oman as they wait to transit the Strait of Hormuz. Getty Images

              Charging fees in Strait of Hormuz risks driving global inflation, experts warn

              EnergyJune 26, 2026
              The unloading of oil from lorries arriving from Iraq at the Baniyas oil terminal in Syria. Reuters

              Iraq threatens to leave Opec if quota demands not met

              BusinessJune 25, 2026
              An IRGC Navy warship in the Arabian Gulf. The force's conflicting instructions create further uncertainty for the estimated 600 vessels stuck in the Arabian Gulf. NurPhoto

              IRGC says ships must use Iran-approved routes through Strait of Hormuz

              MENAJune 25, 2026
              The Bab Gas Cap development accounts for about 15 per cent of Adnoc Gas’s total operational processing capacity. Photo: Adnoc

              UAE pushes for gas self-sufficiency as it awards major concession deal

              EnergyJune 25, 2026
              Marco Rubio said he was "here to hear" from its partners as he landed in Abu Dhabi to start a Gulf tour. AFP

              Four key disputes clouding the US-Iran talks, and what the MoU actually says

              MENAJune 24, 2026
              Vessels are anchored near the Strait of Hormuz. Oil and gas container traffic has increased since the US and Iran secured a deal. Reuters

              UAE oil exports rebound to 85% of prewar levels despite Hormuz closure, IEA says

              EnergyJune 24, 2026
              Shoppers in Tehran's Grand Bazaar on April 21, 2025. The isolation resulting from Iran's problematic nuclear programme and meddling in the Middle East has left its economy in the doldrums. EPA

              Iran must be transparent about sanctions relief

              EditorialJune 24, 2026
              Crude oil tankers, bulk carriers and vessels sit anchored around Sultan Qaboos Port in Muscat, Oman. Getty Images
              Play10:48

              US waiver throws Iran oil exports a lifeline after five-year low

              EnergyJune 23, 2026
              Oil tankers and cargo vessels anchored off Port Sultan Qaboos in Oman. Getty Images

              Ship crossings halve as Iran closes Strait of Hormuz over Israeli attacks

              EnergyJune 22, 2026
              US Vice President JD Vance speaks to members of the media before boarding Air Force Two after talks with Iran in Switzerland. Reuters

              Vance says Iran nuclear talks to start this week

              MENAJune 22, 2026
              The reopening of the Strait of Hormuz has been complicated by uncertainties of the ceasefire in Lebanon under the US-Iran deal. Getty Images

              IRGC says Hormuz is shut. Shipping data suggests otherwise

              MENAJune 21, 2026
              In May, Beijing imposed a blocking order barring enforcement of US sanctions on five Chinese refineries. Reuters

              Russia's oil windfall outlasts the US's wartime waiver

              EnergyJune 19, 2026
              Vessels including oil tankers anchored near the Strait of Hormuz off Muscat, Oman. Getty Images

              Oil posts sharp weekly loss as supply outlook improves

              EnergyJune 19, 2026
              Kuwait's Al Zour oil and gas refinery, in the south of the country. Photo: KIPIC

              Kuwait to lift oil output to 2 million bpd in week as Strait of Hormuz reopens

              EnergyJune 19, 2026
              The Mraikh, bound for Karachi, passed through the chokepoint on Thursday. Photo: VesselFinder

              LNG tanker crosses Strait of Hormuz as US-Iran agreement takes effect

              EnergyJune 18, 2026
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