Strait of Hormuz oil crisis

Tanker attack in Strait of Hormuz sends oil prices sharply higher

Oil prices continued to rise on Oct. 30, putting crude on track for a fourth consecutive monthly gain after an attack on a tanker in the Strait of Hormuz renewed concerns about potential supply disruptions, Reuters reported on Oct. 30.

30 October, 01:56 PM

Zelenskyy calls Trump’s attempts to blame him for Russia’s war ‘unacceptable’

U.S. President Donald Trump is baselessly blaming Ukraine for rising global fuel prices, Ukrainian President Volodymyr Zelenskyy said in an interview on The Diary of a CEO podcast, released on Oct. 22.

22 October, 06:48 PM

Brent crude climbs to $110 a barrel as Middle East attacks lift oil prices

Oil prices rose on Oct. 20, and approached a five-month high as traders built in a geopolitical risk premium amid Houthi attacks on Saudi Arabia's infrastructure and reports of attacks on ships in the Persian Gulf, Reuters reported.

20 October, 11:55 AM

Zelenskyy confirms Washington threatened to halt intelligence sharing

Washington threatened to halt intelligence sharing with Kyiv if Ukrainian forces did not stop striking Russian oil refineries, though the U.S. has yet to act on the warning, Ukrainian President Volodymyr Zelenskyy told PBS on October 13.

14 October, 12:07 PM

Brent tops $100 as Gulf tensions offset steady regional oil exports

Oil prices edged higher on Oct. 6 as Middle East security concerns sustained a geopolitical risk premium, while steady regional exports and an emergency release of reserves by G7 countries eased fears of supply disruptions, Reuters reported.

6 October, 01:21 PM

Global oil stockpiles fall to 'scarily' low level, Saudi Aramco warns

Global oil stockpiles that soften the effects of supply disruptions have fallen to a "scarily" low level, Amin Nasser, head of Saudi state-owned Saudi Aramco, said at the Energy Intelligence Forum in London on Oct. 5.

5 October, 05:40 PM

Global fuel crisis driven by Iran conflict and refining limits, not Ukraine strikes — expert

The global fuel crisis is primarily driven by reduced oil supplies from the Middle East and a worldwide shortage of refining capacity rather than Ukraine's drone strikes on Russian refineries, Director at A-95 Consulting Group Serhii Kuyun told Radio NV on September 22.

25 September, 11:47 AM

Oil crosses $100 a barrel as U.S.-Iran tanker attacks escalate

Oil prices were stable on Sept. 10 after Brent crude surpassed $100 a barrel, with traders bracing for more severe supply disruptions following the largest attacks on vessels by Iran and the United States since their six-month conflict began, according to Reuters.

10 September, 11:45 AM

Gulf states establish covert oil network to bypass Strait of Hormuz

Gulf nations have established a covert network to transport oil overland around the Strait of Hormuz before loading it onto tankers in the Gulf of Oman, allowing exporters to secure supply routes despite regular Iranian attacks on commercial vessels, Bloomberg reported on August 16.

17 August, 09:55 AM

Oil drops as cratering demand forecasts overshadow deadlocked Strait of Hormuz peace talks

Oil prices declined on August 13 as investors ‌assessed prospects for weaker global demand this year and higher U.S. crude stocks, while prices found support from a lack of progress in talks over the blockaded Strait of Hormuz and disruptions to supply, Reuters reported.

13 August, 12:49 PM

Oil prices edge higher as Middle East supply risks intensify after maritime attacks

Oil prices edged higher on August 12 as escalating fears over a stalled U.S.-Iran peace deal and recent maritime attacks on two vessels intensified supply disruption concerns, even as inventories of U.S. crude swelled, Reuters reported.

12 August, 12:33 PM

Oil hovers near one-week high as U.S.-Iran talks stall

Oil prices hovered near a one-week high on August 11 as stalling diplomatic talks between the U.S. and Iran dimmed prospects for a breakthrough to end hostilities and reopen the blockaded Strait of Hormuz, Reuters reported.

11 August, 12:56 PM

Cyprus set to become pivotal new gas supplier for Europe

European consumers can expect natural gas from an undersea deposit off Cyprus to help meet their energy needs as early as March 2028, Energy Minister Michael Damianos told The Associated Press in an interview published on August 9.

10 August, 10:02 AM

Global oil prices surge as market anxieties grow over Strait of Hormuz

Oil prices continued to climb amid mounting concerns surrounding the opening of the Strait of Hormuz, Reuters reported on August 7.

7 August, 10:37 AM

Russian oil discounts for India drop sharply as supply worries grow

Discounts on Russian Urals crude oil delivered to India dropped to between $1 and $2 a barrel against the dated Brent benchmark this week due to supply concerns, Reuters reported on July 29, citing three trade sources.

30 July, 10:11 AM

Rerouted Persian Gulf oil pipelines threaten Russia's energy revenues

The ongoing crisis in the Persian Gulf poses a lethal threat to Russia's Urals crude oil as energy-producing nations bypass the Strait of Hormuz, Ukraine's Foreign Intelligence Service (FIS) wrote on July 28.

28 July, 11:00 AM

Japan imports 2.905 million tons of Russian LNG this year after dramatic June spike

Japan, one of the world's largest buyers of liquefied natural gas (LNG), increased its LNG imports by 6% year-on-year to 4.718 million tons in June 2026, Russian propaganda agency Interfax reported.

24 July, 01:40 PM

Trump administration prepares for prolonged military conflict with Iran — Axios

U.S. President Donald Trump administration is preparing for a potential multi-day or even multi-week exchange of strikes with Iran over the situation in the Strait of Hormuz, Axios reported, citing American officials, on July 9.

9 July, 11:15 AM

Iran demands end to Hezbollah war, oil curbs before reopening Hormuz

Iran is demanding an end to Israel’s war against Hezbollah in Lebanon and the removal of all restrictions on its oil sales before reopening the Strait of Hormuz, Iran’s Tasnim news agency reported, citing a source close to the negotiating team.

21 June, 06:52 PM

Oil heads for worst week in months as traders price in U.S.-Iran deal

Oil prices fell more than 1% on May 29 and were headed for their steepest weekly drop since early April, Reuters reported.

29 May, 02:50 PM

Strait of Hormuz oil crisis

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