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


Hormuz tanker crossings slip to lowest in more than two months, data shows

One tanker crossed the Strait of Hormuz on July 23, compared with three the day earlier, data from analytics firm Kpler showed, as ships are being rerouted to paths that take significantly longer.

A vessel at the Strait of Hormuz, as seen from Musandam, Oman, July 23, 2026.

Oil settles over $100 as Houthi attacks intensify Middle East supply risks

Oil prices rose above $100 for the first time since May after Yemen's Iran-backed Houthis opened a new front in the Iran war by targeting Saudi vessels in the Bab el-Mandeb Strait.

3D printed oil barrels and rising stock graph are seen in this illustration taken March 23, 2026.

Iran's threat to halt oil exports across the Gulf a 'dangerous escalation,' analyst warns

A Bahraini analyst warned that Tehran’s threat against regional infrastructure erases the line between US targets and Gulf economies, even if Iran may be attempting to project strength.

Iran's top negotiator and speaker of its Parliament, Mohammad Bagher Ghalibaf, meets the head of Pakistan's Army Field Marshal Syed Asim Munir (not pictured) on April 16, 2026 in Tehran, Iran.

Two Dynacom Tankers vessels attacked off Oman amid escalating US-Iran hostilities

The crew members of both vessels were safely located by Oman authorities and transferred to shore, Dynacom said, adding that it was in close contact with all relevant regional authorities.

Ships are docked along a pier at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in Sharjah Emirate, along the Gulf of Oman on July 14, 2026.

Iran used brief US truce to build $6 billion oil buffer - report

Tehran rushed 70 million barrels toward China during a month-long pause in the US blockade, securing up to $6 billion before renewed strikes.

 Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026 in Muscat, Oman.

US pushes Mediterranean oil pipelines to bypass Strait of Hormuz despite proxy security risks

Middle East correspondent Battaglia said that, in her view, if it were up to al-Zaidi, Baghdad would already have decided to chart its future with the United States rather than with Iran.

US President Donald Trump shakes hands with Iraqi Prime Minister Ali al-Zaidi as they participate in a bilateral meeting in the Oval Office at the White House in Washington.

Houthis to strike Saudi oil facilities if Riyadh escalates in Yemen, leader warns

The warning came after the Houthis fired missiles at Saudi Arabia, accusing the kingdom of bombing an airport under their control on Monday, marking a rupture in a four-year truce.

A person holds a poster of Houthi leader, Abdul-Malik al-Houthi, amid protests at the Sana'a University campus in support of the Houthi movement, in Sana'a, Yemen, July 15, 2026

US supporting efforts to revive Iraq-Syria crude oil pipeline, US official says

Bloomberg reported that Chevron could play a role in rebuilding the pipeline, though the company declined to comment.

Performing checks at Turkey’s Mediterranean port of Ceyhan, run by state owned Petroleum Pipeline Corporation (BOTAS). Crude oil flows through the Kirkuk Ceyhan pipeline, linking Iraq to Turkey; Illustrative.

Oil and the shaping of modern commodity economies in the Middle East

Oil has shaped economies, industries, and international relations for more than a century. This article explores its global impact, market role, and evolving place in the energy landscape.

Oil has shaped the economies, cities, and global influence of the modern Middle East.

Oil prices surge more than 3% as US-Iran strikes fuel Hormuz fear

"The Strait of Hormuz is a vital maritime corridor for global trade. Iran does not control it," CENTCOM said following its strikes on dozens of Iranian targets.

US and Iranian flags, 3D printed oil barrels and rising stock graph are seen in this illustration taken March 23, 2026.