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Oil

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

Oil prices, seen here at a Shell petrol station in London, continue to trade higher amid Middle East geopolitical tensions. Bloomberg

Oil prices waver in face of Iran war truce and Houthi attacks

EnergySeptember 25, 2026
The Strait of Hormuz will not be reopened until certain conditions are met, Iran has said. AFP

Oil nears $108 on fading US-Iran breakthrough and new strikes on Saudi Arabia

EnergySeptember 24, 2026
Saudi Arabia is offering to manage logistics and transport the crude all the way to Asian customers, traders have said. Bloomberg

Saudi Arabia eases Asian oil crunch by selling 100 million barrels in a week

EnergySeptember 24, 2026
US President Donald Trump welcomed Chinese President Xi Jinping to Washington on Wednesday for a three-day state visit focused on trade, AI and critical minerals, and the war with Iran. AFP

The Trump-Xi summit runs through Fujairah

EnergySeptember 24, 2026
An anti-Trump billboard looms over a street corner in Tehran. Oil prices have been trading lower this week on the prospect of a breakthrough to end the Iran war. EPA

Oil at $100 a barrel as focus remains on Iran peace talks and Saudi supply recovery

EnergySeptember 23, 2026
A tanker at one of Iraq's southern offshore oil terminals near Basra. Reuters
Play

Oil tanker earnings near $650,000 a day due to Middle East disruption

EnergySeptember 23, 2026
US Navy and Coast Guard ships in the Strait of Hormuz. Iran is prepared to reopen the strait if the US eases military pressure, an Iranian official said. Photo: US Naval Forces Central Command

Oil falls below $100 on Hormuz reopening hopes and Saudi pipeline restarting

EnergySeptember 22, 2026
Iranian President Masoud Pezeshkian leaves Tehran for the UN General Assembly in New York. Reuters

Iran offers to reopen Strait of Hormuz 'within seven days'

MENASeptember 22, 2026
Smoke rises from the fuel storage depot at King Khalid International Airport in the aftermath of Houthi strikes in Riyadh, Saudi Arabia on September 19, 2026. Reuters

Is the US poised to hit the Houthis?

GulfSeptember 20, 2026
Lindsay Graham, who died in July, called Indian purchases of Russian oil 'blood money' and threatened the country with 500 per cent trade tariffs. AFP

India and China to bear the brunt of new US tariffs on Russian oil 

EnergySeptember 18, 2026
Oil tankers in Syria’s north-eastern Hasakah province. Syrians rely on diesel for transport, as well as to power generators. AFP

Syrian government cuts diesel prices after widespread protests

MENASeptember 18, 2026
Iran has linked the reopening of the Strait of Hormuz to Washington meeting its demands. Reuters

Iran dismisses US talks as Strait of Hormuz crisis deepens

GulfSeptember 15, 2026
Houthi rebels open fire during an offensive near the Yemeni port city of Mokha. EPA

Houthi attacks on Saudi Arabia escalate as nearly 94,000 displaced

GulfSeptember 15, 2026
The National

Shadi's take on rising oil prices

CartoonSeptember 15, 2026
Protesters burn tyres and block the road in protest against rising fuel prices on the highway between Aleppo and Turkey, Syria on September 13, 2026. Reuters
Play

Angry Syrians protest over sharp rise in fuel prices

MENASeptember 14, 2026
A satellite image shows damage on part of Saudi Arabia's East-West pipeline. Reuters

Oil nears $110 as Saudi pipeline shutdown deepens supply fears

EnergySeptember 14, 2026
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