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


Two oil tankers collide and catch fire near Strait of Hormuz

The Strait of Hormuz links the Gulf to the northwest with the Gulf of Oman to the southeast and the Arabian Sea beyond.

 A view of a ship on fire in the area of reported collision between two oil tankers near the Strait of Hormuz, United Arab Emirates, June 16, 2025

Haifa oil refinery's facilities shut down following Iranian missile strike

The company stated that it is collaborating with the Israel Electric Corporation, which "immediately mobilized," to restore a regular electricity supply to the complex as quickly as possible.

 Fire rises from the Bazan power plant in the northern Israeli city of Haifa, June 15, 2025.

WATCH: 'Tehran is ablaze': Israel strikes massive oil depot near Iranian capital, fire rages

Israel also targets the headquarters of Iran's Defense Ministry • Defense Minister Israel Katz: "Tehran is ablaze"

 Fire of Israeli attack on Shahran Oil depot is seen following the Israeli strikes on Iran, in Tehran, Iran, June 15, 2025.

IDF drone strikes Iran's largest natural gas field, gas production partially suspended

The production of some 12 million cubic meters of gas was temporarily halted due to the Israeli attack on the South Pars gas field.

 A general view shows a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015

What’s the connection between oil and technology?

A technology developed by the company Beyond Oil removes toxins from used oil, reduces odors and pollutants, and improves food quality.

 With and without Beyond Oil

Kurdistan Region’s $110B gas deals spark controversy with Baghdad – analysis

The energy deals come as Kurdistan is trying to bolster its security and autonomy in Iraq.

 A member of the Kurdish security forces looks at the wreckage of a vehicle belonging to Iraqi security forces in the outskirts of Kirkuk June 16, 2014.

US Treasury sanctions shipping companies involved in transporting petroleum to Yemen

The vessels were said to have delivered the petroleum on behalf of Iran.

THE ‘CORDELIA MOON’ oil tanker bursts into flames after being hit in a Houthi missile attack off Yemen’s Hodeidah Port last October.

Iran authorities seize two vessels carrying 'smuggled fuel' in Gulf, agency reports

The vessels were reportedly carrying 1.5 million liters of smuggled diesel fuel, according to the Deputy Commander of the IRGC’s Second Naval Zone, General Masoud Forootan.

A boat of the Iranian Revolutionary Guard (IRGC) sails, at undisclosed place off the coast of Bandar Abbas, Iran August 22, 2019.

US proposes looser interpretation of law that protects threatened species

The public may submit comments on the proposal for 30 days following its publication in the Federal Register, which is expected on Thursday.

An alligator is seen in the Everglades' swamps during the 2020 Python Challenge Python Bowl in Big Cypress National Preserve near Ochopee, Florida, U.S. January 15, 2020. Picture taken January 15, 2020.

The IRGC’s oil empire: How Iran’s elite guards are cashing in on state’s black gold - analysis

The IRGC’s control over Iran’s oil industry is not just an economic fact - it is a political verdict on the regime’s direction.

 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