Oil

'Flip the circuit breaker': Obama attacks Trump administration to boost Democrats in Michigan

We have never seen a president excel in straight-up grifting, on your dime, like this," Obama said. "Never seen a president so intent on selling favors like this..." said the former president.

Former President Barack Obama speaks at a “Get Out the Vote" rally in support of Dr. Abdul El-Sayed and Secretary of State Jocelyn Benson on October 24, 2026 in Detroit, Michigan.
US President Donald Trump speaks to members of the media as he departs the White House en route to Iowa, in Washington, DC, US, October 22, 2026.

Trump claims Iran is 'making up fake hits' on tankers to drive up oil costs ahead of elections

Hezbollah flag mural provides backdrop for gun-wielding shadows.

Defense Ministry sanctions UK registered company after transfer of fuel to Hezbollah-owned company

Turkish President Recep Tayyip Erdogan speaks at the AK Party headquarters, Ankara, Turkey, October 7, 2026; illustrative.

Baku was Hitler’s target. Now it is Erdogan’s - opinion


UAE says Iran attacked ADNOC vessel in Hormuz, urges Iran to halt attacks, reopen waterways

The UAE Foreign Ministry called on Tehran to halt what it described as unprovoked attacks, the third in less than a week, end hostilities, and fully reopen the waterway.

Vessels in the Strait of Hormuz, as seen from Musandam, Oman, August 3, 2026.

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.

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

The spill from the Caroline Bezengi tanker, apparently the result of an unexplained attack on the vessel in June, has spread around a nature reserve and hit Oman's coastline on Wednesday.

The damaged and half sunk oil tanker Caroline Bezengi, at sea off the coast of Oman, on a date given as August 6, 2026.

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

The cause of the explosion is still unclear and is being investigated.

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.

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

The smaller resource base has pushed both countries to lean harder into non-oil sectors such as finance, logistics, and tourism.

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

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.