Oil

Iraqi PM-led coalition tops Iraq election with 46 seats, commission says

Prime Minister Sudani's bloc wins Iraq's election, but forming a new government may take months due to challenges in building a majority and balancing US-Iran influence.

A man holds a flag of Iraq from a car with an election poster featuring current Prime Minister Mohammed Shia' al-Sudani, as supporters of the Reconstruction and Development Coalition celebrate after preliminary election results were announced in Baghdad, Iraq, November 12, 2025.
An illustration of silhouettes of US President Donald Trump and Russian President Vladimir Putin over a background of their countries flags.

Trump would back Russia sanctions bill if he retains final authority, White House official says

A general view shows the Novorossiysk Fuel Oil Terminal (NMT) in the Black Sea port of Novorossiisk, Russia May 30, 2018. Picture taken May 30, 2018.

Russia's Novorossiysk port resumes oil loadings after Ukrainian attack

Ukrainian Navy targets Russian elite unit stationed on Syvash oil rig in video posted on Monday, November 3, 2025.

Ukrainian Navy 'destroys' Russian special unit stationed on Black Sea oil rig


US grants Hungary exemption on Russia sanctions after warm Trump-Orban meeting

The exemption will last for one year and includes a Hungarian commitment to buy US liquefied natural gas with contracts valued at $600 million.

US President Donald Trump hosts a bilateral lunch with Hungary's Prime Minister Viktor Orban at the White House in Washington, DC November 7, 2025.

Iraq, Turkey sign deal on Iraqi water infrastructure projects

The initial batch of projects will include three water harvesting dams and three land reclamation initiatives, according to an Iraqi water resources official.

Turkish Foreign Minister Hakan Fidan and Iraqi Foreign Minister Fuad Hussein attend a press conference in Baghdad, Iraq November 2, 2025.

New Zealand insurer kept Iran, Russia sanctioned oil flowing - report

New Zealand insurance, Maritime Mutual, aids in the trade of billions of dollars of Iranian and Russian oil.

A sailboat sails as a boat approaches to the boarding ladder of the Iranian oil tanker Grace 1 as it sits anchored after it was seized in July by British Royal Marines off the coast of the British Mediterranean territory on suspicion of violating sanctions against Syria, in the Strait of Gibraltar,

US imposes sanctions on Russian oil companies Rosneft and Lukoil

"We encourage our allies to join us in and adhere to these sanctions," Treasury Secretary Scott Bessent said in a statement announcing the sanctions.

US Treasury Secretary Scott Bessent sits to testify before a House Ways and Means Committee hearing on Capitol Hill in Washington, US, June 11, 2025.

Dutch Supreme Court rejects Russia’s final appeal in Yukos case, clearing path to enforce $65b

Because Moscow has refused to pay, the shareholders have already turned to identifying and attaching Russian state assets abroad, subject to local sovereign-immunity rules.

Freed Russian former oil tycoon Mikhail Khodorkovsky reacts during his news conference in the Museum Haus am Checkpoint Charlie in Berlin, December 22, 2013. Khodorkovsky, pardoned by Russian President Vladimir Putin after 10 years in jail, said in remarks published on Sunday that he would not go in

Four oil facility guards killed in an attack near Syria's Deir Ezzor, state media says

No group has claimed responsibility for the attack.

A person rides a motorcycle past a sign in Deir Ezzor, Syria, September 28, 2025; illustrative.

Trump says Modi has assured him India will not buy Russian oil

Trump stated that he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues.

U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., February 13, 2025.

Yemen's Houthis say they will target major US oil exporters in nearby seas

Yemen’s Houthis named Exxon, Chevron, and other US firms as targets, vowing attacks in the Red Sea despite a prior truce with Trump’s administration.

 ExxonMobil logo is seen in this illustration taken, October 6, 2023.

Economically boosting the KRG with resumed oil exports will benefit region - analysis

Oil is flowing again from Iraq’s Kurdistan Region to Turkey, a move hailed as “historic” and expected to boost Iraq’s federal budget by up to $500 million monthly.

Iraqi Prime Minister Mohammed Shia' al-Sudani (R) and KRG Prime Minister Masrour Barzani (L) in Baghdad, 2023; illustrative.

India’s influence in the Middle East: balancing energy, workers, and Saudi-Pakistan defense pact

Gulf Countries are home to nearly half of India’s immigrant population, which brings skills and growth to the Middle East economies.

People wave Indian flags in support of the Indian Armed Forces, following the ceasefire announcement between India and Pakistan, in Delhi, India, May 13, 2025.

India says it expects Saudi Arabia to mind 'sensitivities' after pact with Pakistan

On Thursday, India's foreign ministry said it was aware that the pact had been under consideration and that it would study the implications for New Delhi.

 Saudi Crown Prince Mohammed bin Salman and Pakistan Prime Minister Shehbaz Sharif embrace each other on the day they sign a defence agreement, in Riyadh, Saudi Arabia, September 17, 2025.