Oil

US threatens to starve Iraq of its oil dollars over Iranian influence, sources say

The warning is the starkest example yet of US President Donald Trump's campaign to curb Iran-linked groups' influence in Iraq.

 A drone view shows the Zubair Oil Field in Basra, Iraq, January 16, 2025.
Flag of Azerbaijan

Israel's imports of Azerbaijani oil via Turkey jump despite Ankara's trade ban

 Soldiers from the Syrian Democratic Forces stand in front of the detainees before the first exchange operation between the Syrian Democratic Forces and the Syrian government in Aleppo, Syria, April 3, 2025.

Syria's government faces pivotal moment against SDF, as it retakes largest oil field - analysis

US President Donald Trump speaks at the Detroit Economic Club in Detroit, Michigan, US, January 13, 2026.

Trump, Venezuela's Rodriguez tout positive phone call, Trump finds Senate win


US Treasury sanctions Iranian-linked front companies, shadow fleet vessels used to sell crude oil

“Today’s action continues Treasury’s campaign to cut off funding for the Iranian regime’s development of nuclear weapons and support of terrorist proxies,” said Treasury Secretary Bessent.

An illustration of an oil rig silhouette over the Iranian flag.

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.

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

President Trump is willing to sign a sanctions bill targeting Russia, but insists on retaining ultimate authority over any sanctions measures, a senior official says.

An illustration of silhouettes of US President Donald Trump and Russian President Vladimir Putin over a background of their countries flags.

Russia's Novorossiysk port resumes oil loadings after Ukrainian attack

Novorossiysk and a neighboring Caspian Pipeline Consortium terminal temporarily suspended oil exports, equivalent to 2.2 million barrels per day, or 2% of global supply, on Friday.

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.

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

The strikes killed a Russian anti-tank crew and destroyed reconnaissance and surveillance equipment at the Syvash drilling rig in the Black Sea.

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

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