Oil

China's export of electric trucks across Asia spikes, as Iran war fuels higher oil costs

China’s rapid adoption of e-trucks - from lighter vehicles to tractor-trailers - has partially shielded the world's biggest auto market from the impact of the conflict.

A driver resting in his electric truck while charging it at a station in Beijing, April 23, 2026.
The damaged and half sunk oil tanker Caroline Bezengi, at sea off the coast of Oman, on a date given as August 6, 2026.

Salvors work to secure Russian shadow fleet ship leaking oil off Oman, risk firm Ambrey says

A view of a charred wall of a building at Rotterdam port after an explosion, in Rotterdam, Netherlands, August 13, 2026 in this still image obtained from a video.

Explosion in Rotterdam kills at least one person, is under investigation

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on February 15, 2026; illustrative

Middle East natural resources reveal a hidden map of abundance and scarcity


Zelensky halts drone strikes on Black Sea oil tankers in Russian port after demand from US VP Vance

Ukraine agreed to not target non-Russian ships, so long as they were not sanctioned by Ukraine or carrying any Russian cargo.  

A member of "Timur's Special Forces Unit" of the Defence Intelligence of Ukraine waits on a military boat next to Snake Island, also known as Zmiinyi Island, located in the Black Sea, on August 14, 2025.

Drone targets fuel tank at Zawiya oil complex in latest attack, Libya's NOC says

The drone strike marks the latest in a series of attacks against the refinery over the past several days.

The new Libyan flag flutters outside an oil refinery in Zawiya on September 23, 2011.

Trump returns to an old weapon: Behind US's decision to economically choke Iran - analysis

US Treasury Secretary Scott Bessent said last month that the administration’s economic policy had sent the Iranian currency into "free fall" and pushed inflation into triple-digit rates.

U.S. President Donald Trump waves as he disembarks Air Force One at Joint Base Andrews, Maryland, US, August 9, 2026.

Drone strike causes diesel tank fire at Libya's Zawiya oil depot - statement

The incident came two days after a drone crashed into an untreated naphtha tank at the Zawiya refinery early on Saturday, causing a leak that staff managed to control.

A general view shows a detail of the Zawiya Oil Refinery, some 40 kms west of Tripoli, on October 27, 2011. The complex built in two different stages in 1974 and 1976 receives crude oil from the desert oil fields and treats 120,000 tons of crude daily.

Gulf states pay the price as shipping crisis exposes costly dependence on the Strait of Hormuz

"A lot of the necessities, and I'm talking food, that these Gulf nations require - Kuwait, the UAE, Bahrain, Qatar, Saudi Arabia - comes in by boat," and flying in goods is causing prices to rise.

The sun sets behind the Doha skyline on August 4, 2026.

The 51st state? Alberta set to vote on whether to pursue separation from Canada - explainer

Notably, this vote will not immediately start the secession process if Albertans vote in favor of separating from Canada, but will lead to a larger referendum on separating.

Alberta separatists rally outside the offices of Elections Alberta before turning in a petition to trigger a referendum on separating from the rest of Canada in Edmonton, Alberta, Canada May 4, 2026.

Yemen's Houthis attack Saudi Aramco's refinery in Jazan, Saudi Arabia, even after Mecca Pact signed

Earlier, the Saudi Arabian Energy Ministry said that firefighters extinguished a fire that broke out early at a facility at Aramco's Jazan refinery in southwestern Saudi Arabia.

A satellite image shows trail of smoke rising from an oil facility, in Jizan, Jazan province, Saudi Arabia, July 26, 2026.

Iranian oil exports come to a halt amid renewed US blockade - report

Satellite images revealed that all three berths on the island had been "empty for an extended period of time" after operations on Kharg Island halted on July 31.

A satellite image of Kharg Island, Iran, before US strikes, February 25, 2026.

Iraq struggles to pay public salaries as Strait of Hormuz crisis deepens

Iraq’s oil exports plunged from 100 million barrels in February to around 32 million in May and June, according to figures shown to The National by the country’s Oil Ministry.

This frame grab taken from AFPTV video footage on July 12, 2026 shows cargo ships anchoring near the Strait of Hormuz; illustrative

Iraq delays July public salaries as Strait of Hormuz blockade guts oil revenue

Iraq’s oil exports plunged from 100 million barrels in February to around 32 million in May and June, according to figures shown to The National by the country’s Oil Ministry.

Shia Muslims gather along the Bayn al-Haramayn or "between the two sanctuaries", a 378-meter open marble-paved avenue linking the Imam Hussein Shrine and Imam al-Abbas Shrine, in the city of Karbala on August 4, 2026.