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.

 The Iranian ship Khark at an undisclosed location in Iran, September 10,2020.
Blue barrels of oil.

US-Iran flare-up, cold stint push oil prices to multi-month peak

 A drone view shows the Zubair Oil Field in Basra, Iraq, January 16, 2025.

US threatens to starve Iraq of its oil dollars over Iranian influence, sources say

Flag of Azerbaijan

Israel's imports of Azerbaijani oil via Turkey jump despite Ankara's trade ban


US imposes sanctions on Russian oil companies Rosneft and Lukoil

"We encourage our allies to join us in and adhere to these sanctions," Treasury Secretary Scott Bessent said in a statement announcing the sanctions.

US Treasury Secretary Scott Bessent sits to testify before a House Ways and Means Committee hearing on Capitol Hill in Washington, US, June 11, 2025.

Dutch Supreme Court rejects Russia’s final appeal in Yukos case, clearing path to enforce $65b

Because Moscow has refused to pay, the shareholders have already turned to identifying and attaching Russian state assets abroad, subject to local sovereign-immunity rules.

Freed Russian former oil tycoon Mikhail Khodorkovsky reacts during his news conference in the Museum Haus am Checkpoint Charlie in Berlin, December 22, 2013. Khodorkovsky, pardoned by Russian President Vladimir Putin after 10 years in jail, said in remarks published on Sunday that he would not go in

Four oil facility guards killed in an attack near Syria's Deir Ezzor, state media says

No group has claimed responsibility for the attack.

A person rides a motorcycle past a sign in Deir Ezzor, Syria, September 28, 2025; illustrative.

Trump says Modi has assured him India will not buy Russian oil

Trump stated that he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues.

U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., February 13, 2025.

Yemen's Houthis say they will target major US oil exporters in nearby seas

Yemen’s Houthis named Exxon, Chevron, and other US firms as targets, vowing attacks in the Red Sea despite a prior truce with Trump’s administration.

 ExxonMobil logo is seen in this illustration taken, October 6, 2023.

Economically boosting the KRG with resumed oil exports will benefit region - analysis

Oil is flowing again from Iraq’s Kurdistan Region to Turkey, a move hailed as “historic” and expected to boost Iraq’s federal budget by up to $500 million monthly.

Iraqi Prime Minister Mohammed Shia' al-Sudani (R) and KRG Prime Minister Masrour Barzani (L) in Baghdad, 2023; illustrative.

India’s influence in the Middle East: balancing energy, workers, and Saudi-Pakistan defense pact

Gulf Countries are home to nearly half of India’s immigrant population, which brings skills and growth to the Middle East economies.

People wave Indian flags in support of the Indian Armed Forces, following the ceasefire announcement between India and Pakistan, in Delhi, India, May 13, 2025.

India says it expects Saudi Arabia to mind 'sensitivities' after pact with Pakistan

On Thursday, India's foreign ministry said it was aware that the pact had been under consideration and that it would study the implications for New Delhi.

 Saudi Crown Prince Mohammed bin Salman and Pakistan Prime Minister Shehbaz Sharif embrace each other on the day they sign a defence agreement, in Riyadh, Saudi Arabia, September 17, 2025.

US imposes sanctions on global financial network facilitating Iranian oil sales

The US has sanctioned a financial network tied to Iranian oil sales, targeting entities in Hong Kong and the UAE to disrupt funding for Iran’s military and proxies.

 The IRGC’s control over Iran’s oil industry has grown to such a point, experts now estimate 50% of the country's oil wealth is siphoned to the military organization

Tanker truck explodes on Mexican highway, killing three and injuring 70

The city's fire department said the flames had been fully extinguished in and around the overturned tanker trailer, which had been hauling liquefied petroleum gas.

A man walks nex to the charred remains of a trailer, one of the vehicles damaged in a gas tanker explosion on Ignacio Zaragoza Avenue, where multiple individuals sustained burn injuries after the tanker overturned, in Mexico City, Mexico, September 10, 2025.