Middle East
News
March 18, 2026
Iran and Israel have exchanged strikes on major energy infrastructure, including Qatar’s Ras Laffan LNG hub and Iran’s South Pars field, raising global oil and gas supply risks as Brent crude approaches $110 and Hormuz disruptions persist.
News
March 18, 2026
U.S. Vice President JD Vance will meet with oil industry executives at the American Petroleum Institute as fuel prices surge following the Iran conflict, with discussions expected to focus on supply, production and market stabilization efforts.
News
March 18, 2026
Saudi Aramco has restarted operations at its 550,000-bpd Ras Tanura refinery after a drone-related shutdown, restoring a key supply hub as Gulf energy infrastructure remains under pressure from ongoing regional conflict and shipping disruptions.
News
March 18, 2026
Iran has warned that oil and gas infrastructure across the Gulf could become targets following a strike on the South Pars gas field, raising concerns over regional supply disruptions and escalating risks to global energy markets.
News
March 17, 2026
Iran has intensified drone attacks on Saudi Arabia, targeting key oil-producing regions and raising concerns over potential disruptions to Gulf energy infrastructure, shipping routes and global oil supply amid escalating regional conflict.
News
March 16, 2026
A drone strike sparked a fire at the Shah natural gas field in the United Arab Emirates, a sour gas development operated by ADNOC and Occidental Petroleum, highlighting growing risks to Middle East energy infrastructure.
News
March 16, 2026
TotalEnergies says Middle East conflict has forced shutdowns of offshore production in Qatar, Iraq and the UAE, affecting roughly 15% of its global output.
News
March 14, 2026
The U.S. Energy Department confirmed that its planned 172-million-barrel Strategic Petroleum Reserve release tied to the Iran conflict will be structured as an exchange, with companies borrowing crude and returning it later with additional barrels.
News
March 14, 2026
U.S. strikes on Iran’s Kharg Island targeted military assets while taking pains to not damage the country’s primary oil export terminal. But the conflict continues to disrupt tanker traffic through the Strait of Hormuz.
News
March 13, 2026
Brent crude settled above $100 a barrel for a second straight session as the Middle East conflict disrupts tanker traffic through the Strait of Hormuz and fuels extreme volatility across global oil markets.
News
March 13, 2026
The U.S. has begun releasing 86 MMbbl of crude from the Strategic Petroleum Reserve as part of a coordinated international effort to ease oil prices following supply disruptions linked to the Iran conflict and halted tanker traffic through the Strait of Hormuz.
News
March 13, 2026
OPEC crude output rose by 640,000 bpd as Saudi Arabia increased production ahead of escalating tensions with Iran, according to a survey. The surge came just before tanker flows through the Strait of Hormuz were disrupted by regional conflict.
News
March 12, 2026
Brent crude surged above $100 per barrel for the first time since 2022 as tanker attacks and shipping disruptions near the Strait of Hormuz triggered the largest supply shock in oil market history.
News
March 12, 2026
TotalEnergies has restarted production at Libya’s Mabruk oil field with a new 25,000-bpd facility, marking the return of output from the onshore field after operations halted in 2015.
News
March 11, 2026
LNG suppliers including Shell have declared force majeure on contracts after a shutdown at Qatar’s massive Ras Laffan export facility, highlighting the ripple effects of supply disruptions in the global gas market.
News
March 10, 2026
Oil prices plunged more than 12% as traders struggled to interpret conflicting signals about tanker traffic and possible U.S. naval escorts through the Strait of Hormuz, the critical chokepoint that handles roughly one-fifth of global oil supply.
News
March 10, 2026
Escalating U.S. and Israeli strikes on Iran are adding new uncertainty to global oil markets as refinery outages, production cuts and the near-closure of the Strait of Hormuz disrupt supply and drive sharp volatility in crude prices.
News
March 10, 2026
Oil briefly surged above $100 per barrel amid the Iran conflict and disruptions to shipping through the Strait of Hormuz, raising concerns that higher energy prices could fuel inflation and pressure global markets.
News
March 09, 2026
Oil prices plunged after U.S. President Donald Trump suggested the Iran conflict could be nearing an end, reversing earlier gains that pushed crude above $100 amid disruptions to shipping through the Strait of Hormuz.
News
March 09, 2026
S&P Global warns the Iran conflict is evolving from a shipping disruption into a full-scale supply crisis, with roughly 17 MMbpd of oil and products affected as the Strait of Hormuz remains effectively shut.
News
March 09, 2026
G-7 finance ministers said they are prepared to release strategic oil reserves if needed to stabilize global energy markets as the Middle East conflict threatens supply and key shipping routes.
