Oil

'We're going to hit them hard': Trump threatens Iran as Tehran escalates shipping attacks

Trump threatened to 'hit Iran hard' as Iranian officials revealed new tactics targeting ships in the Strait of Hormuz, aimed at keeping oil prices high ahead of US midterm elections.

.S. President Donald Trump arrives for a campaign rally at the Menard Memorial Sports Center on October 13, 2026 in Wasilla, Alaska.
A Patriot missile battery is seen near Prince Sultan air base at al-Kharj on February 20, 2020; Illustrative.

Ongoing explosions in Riyadh, Aramco headquarters as Saudi coalition intercepts Houthi attacks

The Falkland Islands

Argentina files international case against Israeli-led oil project in UK's Falkland Islands

Bank of Israel Governor Amir Yaron.

Bank executives to represent Israel at IMF conference in Bangkok


Middle East conflicts, energy supplies, to dominate IMF-World Bank meetings in Thailand

The US-Israeli-led war with Iran, now in its eighth month, and the inflation and hardship it has caused will dominate the agenda and sideline conversations during the annual meeting.

International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, US, April 20, 2018.

CENTCOM strikes commercial vessel with precision munition after ship attempts to bypass blockade

Additionally, the IRGC said on Saturday that an oil tanker had exploded and caught fire after hitting a naval mine while transiting the Strait of Hormuz, Iranian state media reported.

Vessels transit the Strait of Hormuz off the coast of the port city of Bandar Abbas in southern Iran on September 5, 2026; illustrative

Trump leaves door open to Iran strike before midterms, less than a day after ruling it out

Asked about possible US strikes on Iran before the midterms, Trump said, "We may. I mean, we'll see." Trump also discussed the Russian diesel deal and the Fort Hood shooter.

US President Donald Trump dances on stage during a rally at Pinnacle Bank Expo Center in Grand Island, Nebraska, US, October 5, 2026.

Trump says Russia to 'immediately supply' 300,000 tons of diesel fuel to US, global markets

Another 500,000 tons are expected to be supplied in November, and another 1,000,000 'immediately thereafter,' according to Trump. Zelensky responded by saying the deal was 'an investment in war.'

A bird flies near a price board at a Rosneft petrol pump amid fuel shortages following recent series of Ukrainian air attacks on oil refineries in Russian regions and further gasoline production cuts, in the course of the Russia-Ukraine conflict, in Moscow, Russia, August 14, 2026.

UK announces new round of Russia sanctions targeting financial services, 'shadow fleet'

The sanctions were brought against companies, including those allegedly involved in Russian financial services and entities that facilitate the production and trade of Russian ballistic missiles.

The Russian flag flies on the dome of the Kremlin Senate building behind Spasskaya Tower, in central Moscow, Russia, May 4, 2023.

South Korea accused by Ukraine of aiding Russia with 176,000 tons of fuel amidst critical shortage

"These shipments began precisely when Ukrainian strikes on Russian oil refineries were reducing processing volumes and creating a fuel shortage within Russia."

The container ship "Panstar Acro" is anchored to load containers at Busan New Port in Busan on August 22, 2026, as the vessel is scheduled to sail to Europe via the Arctic to test the commercial viability of the shipping route opened by melting ice.

Yitzhak Tshuva’s Ithaca Energy invests $860 million in Canadian oil drilling

North Sea-focused Ithaca purchases producing oil assets in Canada for $860m. Deal involves 103 million barrels at an average price of $8 per barrel.

Offshore gas and oil drilling rig.

Qatar's UCC in talks for possible entrance into oil, gas areas in Venezuela, executive says

UCC, British BP, and XRG, a unit of United Arab Emirates' state company ADNOC, last month were granted a long-term license to develop the Loran gas project, one of the largestin Venezuela's waters.

The Venezuela International Oil & Gas Summit 2026, the first major international energy summit since Nicolas Maduro's removal from power in January, in Caracas, Venezuela, September 29, 2026.

Somali pirates kill five crew members before tanker rescue, state authorities say

Among those killed were three from Pakistan, one from Myanmar, and one from India. Four others were injured.

Families of the Pakistani hostage crew members of the Oil Products Tanker the HONOUR 25 that was hijacked by pirates off the coast of Somalia, hold placards during a protest, calling the government to take immediate action for the safe return of their loved ones, in Karachi, Pakistan May 13, 2026.

Gas prices in Israel to reach all-time high at NIS 8.27 per liter amid worldwide price hikes

Finance Minister Bezalel Smotrich said later Tuesday that he instructed officials to "prepare for an additional subsidy on gasoline to stem the price spike," according to N12 News.

Illustration of a gas station in Jerusalem. August 30, 2026.