Oil

Shipping slows through Strait of Hormuz after tanker attacks, data shows

Some ships may pass through undetected with transponders off, but the figures are far from the more than 130 ships a day that traversed the Strait of Hormuz before the war.

This image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates, 2004.
An Oil tanker named Yu fu Zuo unload imported crude oil at the crude oil terminal of in Qingdao port, in China's eastern Shandong province on July 16, 2026.

China-based Hengli Group main importer of sanctioned Iranian crude oil, analysts say - report

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

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

A driver resting in his electric truck while charging it at a station in Beijing, April 23, 2026.

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


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.

Gulf shipping traffic steady amid uncertainty of peace talks, eight ships transit Strait of Hormuz

Six of the vessels, three tankers and three bulk carriers, were entering the strait, while a gas carrier and a tanker were exiting. Some 130 ships would typically transit the waterway before the war.

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

Trump’s Syria-Iraq pipeline plan aims to weaken Iran’s leverage - opinion

Trump is backing a revived Iraq-Syria oil pipeline to bypass the Strait of Hormuz and reshape Middle East energy.

US President Donald Trump shakes hands with Syrian President Ahmed al-Sharaa during a bilateral meeting alongside the NATO leaders summit in Ankara, last month.

Cuba suffers islandwide power grid collapse as US oil blockade deepens energy crisis

The outage follows three nationwide blackouts in July and comes as a US-imposed oil blockade further strains the island's aging energy infrastructure.

People walk down a street as Cuba's national power grid collapsed, marking the third major outage in nine days, in Havana, Cuba, July 14, 2026.

Climate change made 'fire-prone' weather conditions more likely in Spain and France, scientists say

Ongoing wildfires in Spain and France have forced hundreds of thousands of people to evacuate and scorched huge swathes of land.

Smoke rises as flames burn during a wildfire at Ares, Grionde, amongst worsening drought conditions following a heatwave and water shortages across much of France, July 25, 2026.

Oman proposes Hormuz management system with voluntary fees, source says

Iran has said the strait cannot go back to its pre-war status where shipping flowed freely, while Gulf states insist there be no mandatory payment of fees to Iran.

A vessel in the Strait of Hormuz, as seen from Musandam,Oman, July 16, 2026.

Oil tanker explodes after hitting naval mine in Strait of Hormuz, IRGC-linked media claims - report

There was no immediate official statement from Iranian authorities regarding the incident.

Vessels transiting through the Gulf of Oman are pictured off the coast of Muscat on July 25, 2026; Illustrative.

Some $18 billion of Iranian oil sold since outbreak of war, over half of annual budget

The sales generated more than 60% of the oil revenue forecast in Iran's annual budget, Iranian Oil Minister Paknejad said.

VESSELS AT the Strait of Hormuz, as seen from Musandam, Oman, June 24, 2026.