Oil

Iran war begins to hit China’s economy as costs surge

The war in Iran is weighing on China’s economy, with car sales plunging, toy factories shutting down, and thousands of workers taking to the streets following a surge in plastic and energy prices.

An illustration of cargo containers containing the flags of China and Iran.
US FORCES patrol the Arabian Sea near M/V Touska on April 20, 2026, after firing upon the Iranian-flagged vessel that the US accused of attempting to violate the US naval blockade of Iranian ports near the Strait of Hormuz.

Nations to discuss fossil fuel exit as Strait of Hormuz blockade drives up prices

Vessels in the Strait of Hormuz, Musandam, Oman, April 27, 2026.

Russian superyacht crosses Strait of Hormuz as shipping traffic remains muted

An aerial view shows a petrochemical plant in operation by the Yangtze River in Nanjing, in eastern China's Jiangsu province November 26, 2025.

US imposes sanctions on Chinese 'teapot' refinery for buying Iranian oil


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.

Not just about Israel: Iran poses threat to world's oil market, Israel's ambassador to US warns

Roughly one-fifth of global petroleum liquids consumption passes through the strait, making even the threat of mining or disruption enough to rattle oil markets and governments alike.

 Israeli Ambassador to the US Yechiel Leiter speaks to the media at the Capital Jewish Museum, near the site where two Israeli embassy staff were shot dead, in Washington, DC, US, May 22, 2025

Not Just olive oil: How do you use cold-pressed oils?

Can you heat cold-pressed oil? There is no single “healthiest” oil, but rather a smart combination of different types, according to the temperature, the type of cooking and the flavor you seek.

Olive oil