Oil
US offers up to $15 million in rewards for information that leads to capture of IRGC-linked vessels
The US Department of State is offering a reward of up to $15 million for information that would lead to the identification of entities involved in oil sales conducted by the IRGC.
US-Iran flare-up, cold stint push oil prices to multi-month peak
US threatens to starve Iraq of its oil dollars over Iranian influence, sources say
Israel's imports of Azerbaijani oil via Turkey jump despite Ankara's trade ban
Drone attack suspends operations at major Iraq gas field, power cuts occur across Kurdish region
A drone attack on the Khor Mor gas field in Iraq causes major power outages in northern regions, damaging key infrastructure and halting gas supplies to power stations.
Iran to raise fuel prices under limited conditions amid energy crisis
Government officials have warned that subsidized fuel prices in Iran are "not rational," impose a heavy burden on state finances, and incentivise suboptimal consumption as well as force fuel imports.
US Treasury sanctions Iranian-linked front companies, shadow fleet vessels used to sell crude oil
“Today’s action continues Treasury’s campaign to cut off funding for the Iranian regime’s development of nuclear weapons and support of terrorist proxies,” said Treasury Secretary Bessent.
Iraqi PM-led coalition tops Iraq election with 46 seats, commission says
Prime Minister Sudani's bloc wins Iraq's election, but forming a new government may take months due to challenges in building a majority and balancing US-Iran influence.
Trump would back Russia sanctions bill if he retains final authority, White House official says
President Trump is willing to sign a sanctions bill targeting Russia, but insists on retaining ultimate authority over any sanctions measures, a senior official says.
Russia's Novorossiysk port resumes oil loadings after Ukrainian attack
Novorossiysk and a neighboring Caspian Pipeline Consortium terminal temporarily suspended oil exports, equivalent to 2.2 million barrels per day, or 2% of global supply, on Friday.
Ukrainian Navy 'destroys' Russian special unit stationed on Black Sea oil rig
The strikes killed a Russian anti-tank crew and destroyed reconnaissance and surveillance equipment at the Syvash drilling rig in the Black Sea.
US grants Hungary exemption on Russia sanctions after warm Trump-Orban meeting
The exemption will last for one year and includes a Hungarian commitment to buy US liquefied natural gas with contracts valued at $600 million.
Iraq, Turkey sign deal on Iraqi water infrastructure projects
The initial batch of projects will include three water harvesting dams and three land reclamation initiatives, according to an Iraqi water resources official.
New Zealand insurer kept Iran, Russia sanctioned oil flowing - report
New Zealand insurance, Maritime Mutual, aids in the trade of billions of dollars of Iranian and Russian oil.
