Oil

NATO allies refuse to join Trump's Strait of Hormuz blockade

Trump said the US military would work with other countries to block all maritime traffic in the waterway, after weekend talks failed to reach an agreement to end the six-week conflict with Iran.

US President Donald Trump holds a bilateral meeting with NATO Secretary General Mark Rutte at the World Economic Forum (WEF) in Davos, Switzerland, January 21, 2026.
A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province, April 12, 2026.

What does a US naval blockade of Iran mean for oil flows? - explainer

A map showing the Strait of Hormuz is seen in this illustration taken June 22, 2025.

IMF warns Strait of Hormuz might never be back to normal

People wave Iranian flags and signs condemning the war on Iran as they march past the Eisenhower Executive Building during a protest in Washington, DC, on February 28, 2026.

Americans weigh in on the Iran war, gas prices, their fears


Trump again warns Iran to open Strait of Hormuz or risk US strikes on oil wells, power plants

Trump also threatened to attack Kharg Island and the desalination plants that supply clean water in Iran.

US President Donald Trump talks to members of the media aboard Air Force One en route to Joint Base Andrews, Maryland, US, March 29, 2026.

Oil is Trump‘s Achilles heel: The Iran war is being fought at the gas pump - opinion

The world’s largest oil producer is being held hostage by Iran’s blockade of a 21-mile-wide chokepoint as President Donald Trump decides how to deal with the strait’s closure.

INDIAN VESSEL ‘Nanda Devi’ carrying liquefied petroleum gas arrives at Vadinar Port in the Jamnagar district of Gujarat state earlier this week, after Iran allowed it to pass through the Strait of Hormuz, a key energy corridor that Iran has selectively closed.

Your Taxes: The Iran war’s commercial impact

The latest Iran war is having an economic impact on the world economy. If less fuel is available to the world through the Strait of Hormuz, it means less travel and fewer petroleum products.

 Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken, June 6, 2023.

US-Iran war pushes India to rekindle old friendship with Russia

Delhi and Moscow are deepening their energy cooperation, with both sides agreeing to prepare for Russia to resume direct sales of liquefied natural gas.

 Russian President Vladimir Putin (C), Indian Prime Minister Narendra Modi (4R) and Indian President Smt. Droupadi Murmu (5R) greet delegations during the welcoming ceremony at the Rashtrapati Bhavan Presidental Palace, on December 5, 2025 in New Delhi, India.

Trump says Iran's 'present' to US was allowing ten oil tankers through Hormuz

Trump made the comments at a Cabinet meeting in the White House, elaborating on what he had previously described as an energy-related "present" from Iran.

US President Donald Trump holds a cabinet meeting at the White House in Washington, DC, US, March 26, 2026.

Iran fortifying Kharg Island in preparation for potential US attack - report

US officials and military experts have warned of the significant risks that a US ground invasion of Kharg Island, Iran's primary hub for oil exports, would pose.

A satellite image shows an oil terminal at Kharg Island, Iran, February 25, 2026. 2026

United Airlines CEO: Ticket prices may climb by as much as one-fifth due to fuel prices

United Airlines modeled a worst-case scenario in which prices reach $175 per barrel.

 FedEx airplane.

Asia looks to COVID-era playbook to tackle fuel crisis from Iran war

Asia is at the frontline of the fuel crisis, buying more than 80% of the crude that transits the Strait of Hormuz, which has been almost totally blocked by Iran since the war broke out in February.

A coastguard boat approaches an Indian liquefied petroleum gas (LPG) carrier, Shivalik, as it arrives at Mundra Port via the Strait of Hormuz, amid the US-Israel conflict with Iran, in Gujarat, India, March 16, 2026.

Iran tells UN: 'non-hostile' ships can transit Strait of Hormuz

The note regarding the Strait of Hormuz from Iran's Ministry of Foreign Affairs was sent to the 15-member Security Council and UN Secretary-General Antonio Guterres.

The Callisto tanker sits anchored as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 10, 2026.

Asia is most affected continent by Strait of Hormuz closure, with 80% of Gulf energy imports

A New York Times report revealed that Asian countries are entering an energy crisis due to the closure of the Strait of Hormuz, while Western nations will feel the economic effects of the war.

Asia will be the most affected continent by the closure of the Strait of Hormuz.