Middle East
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.
News
March 09, 2026
Saudi Arabia has begun cutting oil production as the Strait of Hormuz disruption stalls exports, forcing the kingdom to divert shipments to Red Sea terminals while storage capacity tightens across Gulf producers.
News
March 09, 2026
Borr Drilling said it has down-manned three jackup rigs in Qatar and the UAE following escalating hostilities in the Arabian Gulf, while another rig was shut down after an incident on a customer-operated platform.
News
March 09, 2026
Oil prices surged above $100 a barrel as Saudi Arabia and other Gulf producers cut output amid the near-closure of the Strait of Hormuz, with tanker traffic halted and storage tanks filling across the Persian Gulf.
News
March 08, 2026
Shipping through the Strait of Hormuz remains near a standstill, with vessel-tracking data showing only Iran-linked ships transiting the vital oil chokepoint as conflict disrupts tanker traffic.
News
March 08, 2026
U.S. Energy Secretary Chris Wright said the recent surge in oil prices reflects a temporary “fear premium” driven by the Iran conflict and disruptions to shipping through the Strait of Hormuz.
News
March 08, 2026
Saudi Aramco shares rose sharply as oil prices surged above $90 amid the Iran conflict and disruptions to shipping through the Strait of Hormuz, tightening global crude supply.
News
March 06, 2026
WTI crude climbed above $90 per barrel for the first time since 2023 as the Iran conflict disrupts shipping through the Strait of Hormuz, tightening global oil supply and driving a sharp market rally.
News
March 06, 2026
Qatar appears to have loaded its first LNG cargo since shutting the Ras Laffan export complex and declaring force majeure after drone attacks and escalating conflict in the Middle East disrupted regional energy flows.
News
March 06, 2026
The International Energy Agency said it sees no immediate need to release emergency oil reserves despite disruptions in the Strait of Hormuz, citing ample global supply and only temporary logistical impacts from the Iran conflict.
News
March 05, 2026
WTI crude rose above $81 per barrel, the highest in 20 months, as the escalating Iran conflict disrupts shipping through the Strait of Hormuz and raises fears of prolonged global oil supply shortages.
News
March 05, 2026
Fuel shortages and price spikes are spreading across Asia as disruptions in the Strait of Hormuz halt Middle East oil shipments, forcing refiners and governments to restrict fuel exports and consider strategic stockpile releases.
News
March 05, 2026
ADNOC CEO Sultan Al Jaber met with Japan Prime Minister Sanae Takaichi to discuss energy security as tensions in the Strait of Hormuz threaten oil and LNG flows to Asian markets.
News
March 04, 2026
Oil prices continued rising as the escalating Iran conflict threatens tanker traffic in the Strait of Hormuz. Analysts warn shipping disruptions, refinery damage and tighter diesel supplies could intensify volatility across global oil and gas markets.
News
March 04, 2026
Crude storage tanks across the Middle East are rapidly filling as exports through the Strait of Hormuz remain blocked, raising the risk that major producers may be forced to cut output if shipments do not resume soon.
News
March 03, 2026
The U.S. plans to insure and escort oil tankers through the Strait of Hormuz as the conflict with Iran disrupts shipping in one of the world’s most critical energy chokepoints, through which roughly one-fifth of global oil supplies normally transit.
News
March 03, 2026
A sustained disruption to Strait of Hormuz transit could push Brent toward $110 and tighten global LNG markets, EY-Parthenon warns. While a short-lived escalation may produce only temporary price spikes, a prolonged interruption could trigger a major supply shock and recession risk.
