Oil

US sanctions Iranian oil shipping network run by son of Ali Shamkhani

Shamkhani’s network had previously been sanctioned by the Treasury in July of 2025. The US issued 115 sanctions against the group, according to a Treasury press release at the time.

A ship passes through the Strait of Hormuz.
A vessel in the Strait of Hormuz, off the coast of Oman’s Musandam province, April 12, 2026.

Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack, source says

Qatar's Finance Minister Ali bin Ahmed Al Kuwari speaks during a session in the Qatar Economic Forum in Doha on May 20, 2025.

Qatar warns 'full-fledged' Iran war impact about to hit global economy

SCREENSHOT FROM a video released by Iranian media showing an encounter between the IRGC Navy and a US warship in the Strait of Hormuz, which they claim withdrew from the area after receiving a warning.

Iran’s economy could collapse within three months under naval blockade, experts warn


Iranian regime preventing technical staff from evacuating Kharg Island  amid US strike threats

Fires are still burning in parts of the island, with regime authorities insisting that operations at Iran's most critical oil export terminal must continue without interruption.

A picture taken on March 12, 2017, shows a view of an oil facility in the Khark Island, on the shore of the Gulf.

Drone strike hits Erbil refinery halting operations, Riyadh intercepts Iranian missiles, drones

A drone strike caused a fire at an Iraqi refinery, while Saudi Arabia intercepted Iranian missiles and drones targeting key regions.

A gas flare burns at the Lanaz refinery after it was targeted by a drone strike, in Erbil, Iraq, March 14, 2026.

US may hit Iran's Kharg Island again, Trump tells NBC News

Trump suggests more strikes on Iran’s Kharg Island oil hub, calls Khamenei’s survival uncertain, and dismisses current deal terms as insufficient.

US President Donald Trump gestures as he arrives at Palm Beach International Airport on March 13, 2026 in West Palm Beach, Florida; illustrative.

US, Israel's chess match with Iran is entering its geopolitical endgame - opinion

How can the US deliver a decisive blow that weakens the regime while accelerating the possibility of internal change?

Mojtaba Khamenei, son of former Iranian supreme leader Ayatollah Ali Khamenei.

Lured by profits, some shipowners brave mines and missiles to sneak oil past Iran

At least 10 ships operated by Greek companies, and at least two Chinese-operated vessels, have sailed through the strait between Iran and Oman since US and Israeli strikes began on February 28.

Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026.

Iran threatens region's oil facilities if Israel, US target its energy infrastructure - report

Iran's UN Ambassador also said that Tehran would not close the Strait of Hormuz, adding that it was Iran's right to preserve the security of the key shipping route.

People walk as smoke rises in the background after a reported strike on Shahran fuel tanks, in Tehran, Iran, March 8, 2026

Iranian embassy in South Africa labels drone strike on Oman’s oil facilities 'false flag operation'

Despite the claim, the embassy did not say whose operation it was.

Oil refinery of Petroleum Development Oman (PDO), amid the US-Israeli conflict with Iran, in Muscat, Oman, March 12, 2026.

Tehran appears to prepare for long war despite heavy early losses - analysis

Gulf states are not ready to join the war, but they have gone to the UN to get condemnation for Iran’s actions.

A protester throws a stone near a fire as other demonstrators gather while blocking a street in Shiraz, Iran, on January 10, 2026.

Trump says he's 'not worried' about an Iranian attack on US soil

US President Donald Trump said that he was not worried about the possibility of Iranian-backed attacks on US soil during a briefing with reporters at the White House.

US President Donald Trump gestures at Joint Base Andrews in Maryland, US, March 11, 2026.

Global powers release oil reserves as Iran war threatens Strait of Hormuz supply

IEA member states approved the release of 400 million barrels from strategic oil reserves to mitigate the impact of a potential Iranian blockade of the Strait of Hormuz.

The Callisto tanker sits anchored as the traffic is down in the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 10, 2026.