Oil
US will not renew waiver on Iranian oil as it mounts pressure on Tehran, sources say
The waiver, which the Treasury Department issued on March 20, allowed some 140 million barrels of oil to reach global markets and helped relieve pressure on energy supply during the war with Iran.
Saudi Arabia asks US to end Hormuz blockade amid worries of possible Houthi retaliation - WSJ
Food shortages and rising costs: UN agency warns of global food crisis if Hormuz remains blocked
IMF warns of potential global recession if Iran war worsens in latest economic outlook report
Trump advisers pushing to find Iran off-ramp as oil prices, political backlash risk rise - report
Trump considers ending the US military campaign in Iran sooner due to rising oil prices and political pressure, despite military success.
Lindsey Graham urges Israel not to strike Iranian oil depots, calls on Saudi Arabia to fight
In a post on X on Sunday, Graham praised Israel for its role in the war before adding that “there will be a day soon that the Iranian people will be in charge of their own fate."
Araghchi: Iran no longer willing to negotiate with US, shifts blame on destabilized oil production
Araghchi also added that Iran's attacks through the Middle East were "the consequence of the US aggression against us."
Trump reviews options to curb energy prices as Iran strikes roil markets
Options include a joint release of crude oil from strategic reserves, restricting US exports, intervening in oil futures markets, waiving some federal taxes, and lifting the Jones Act requirements.
Airline shares battered, airfares surge as Iran war pushes oil above $100
Some jet fuel prices have doubled since the start of the conflict, with a growing risk of widespread aircraft groundings due to a potential drop in travel.
Lessons from Iran: Decentralized, renewable energy vital for Israel’s defense, expert tells 'Post'
“Once every small city has its own plan or facility, not only for renewable energy, it becomes far more difficult for a single strike to collapse the system,” he said.
US surprised by scope of Israel's attacks on Tehran fuel depots, warns strikes could backfire
The US expressed surprise at the scale of Israeli strikes on Iranian oil depots, warning that targeting critical infrastructure could backfire.
Oil prices spike as Asian markets tumble on Hormuz fears
As South Korean and Japanese stocks plummeted due to concerns about supply disruptions in the Strait of Hormuz, Brent crude surged 26% to $116 per barrel on Monday.
Iranian debris damages UAE petrol facility, drones damage Bahraini residences, injures 32 civilians
Iraq, Saudi Arabia, Kuwait, and Qatar also came under attack, as Oman's Muscat airport limited private jet flights into the Gulf State's capital.
Israel’s strikes expose the vulnerability of Iran’s energy lifeline
The images emerging from Tehran this week depict what witnesses are calling a “hellscape” - an inferno stretching across the horizon as Israel reportedly targets fuel sites in Iran.
