Oil
Panama tanker carrying Iraqi fuel oil struck by drone in Iraqi waters
Iraqi rescue boats extinguished a fire aboard the tanker, New Andros, and there were no reports of casualties, port officials told Reuters.
Brent crude rises above $100 a barrel as Middle East conflict escalates
Iran condemns US attacks on its tankers after the largest Iranian salvo since Op. Roaring Lion
Dwindling oil revenue is driving Iran into deeper economic crisis - report
Iraq delays July public salaries as Strait of Hormuz blockade guts oil revenue
Iraq’s oil exports plunged from 100 million barrels in February to around 32 million in May and June, according to figures shown to The National by the country’s Oil Ministry.
Gulf shipping traffic steady amid uncertainty of peace talks, eight ships transit Strait of Hormuz
Six of the vessels, three tankers and three bulk carriers, were entering the strait, while a gas carrier and a tanker were exiting. Some 130 ships would typically transit the waterway before the war.
Trump’s Syria-Iraq pipeline plan aims to weaken Iran’s leverage - opinion
Trump is backing a revived Iraq-Syria oil pipeline to bypass the Strait of Hormuz and reshape Middle East energy.
Cuba suffers islandwide power grid collapse as US oil blockade deepens energy crisis
The outage follows three nationwide blackouts in July and comes as a US-imposed oil blockade further strains the island's aging energy infrastructure.
Climate change made 'fire-prone' weather conditions more likely in Spain and France, scientists say
Ongoing wildfires in Spain and France have forced hundreds of thousands of people to evacuate and scorched huge swathes of land.
Oman proposes Hormuz management system with voluntary fees, source says
Iran has said the strait cannot go back to its pre-war status where shipping flowed freely, while Gulf states insist there be no mandatory payment of fees to Iran.
Oil tanker explodes after hitting naval mine in Strait of Hormuz, IRGC-linked media claims - report
There was no immediate official statement from Iranian authorities regarding the incident.
Some $18 billion of Iranian oil sold since outbreak of war, over half of annual budget
The sales generated more than 60% of the oil revenue forecast in Iran's annual budget, Iranian Oil Minister Paknejad said.
Hormuz tanker crossings slip to lowest in more than two months, data shows
One tanker crossed the Strait of Hormuz on July 23, compared with three the day earlier, data from analytics firm Kpler showed, as ships are being rerouted to paths that take significantly longer.
Oil settles over $100 as Houthi attacks intensify Middle East supply risks
Oil prices rose above $100 for the first time since May after Yemen's Iran-backed Houthis opened a new front in the Iran war by targeting Saudi vessels in the Bab el-Mandeb Strait.
