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Rising fuel costs strain Pentagon budget: Report

- US army forced to cut back on training amid $4B-$6B shortfall driven by several factors, notably Iran war

04.06.2026 Oil

US crude oil inventories down 1.8% in week ending May 29

- Daily crude oil production falls to around 13.7 million barrels per day

04.06.2026 Oil

Iran warns military vessels interfering in Hormuz Strait will be targeted

- Military says commercial vessels and oil tankers must obtain authorization from IRGC Navy before transiting strategic waterway

31.05.2026 Energy Diplomacy

US oil rig count up for week ending May 29

- Number of US oil rigs fall by 22 compared to one year ago

30.05.2026 Oil

US crude oil inventories down 0.7% in week ending May 22

- Daily crude oil production falls to around 13.7 million barrels per day

29.05.2026 Oil

Brent crude trades under $100 per barrel amid mixed market signals

- Oil prices remained mixed as growing hopes for a ceasefire between the US and Iran were countered by renewed concerns after US strikes on Iran resumed

27.05.2026 Oil

US won’t let Iran hold energy market hostage, Rubio tells India's Modi

- During meeting with Indian prime minister in New Delhi, secretary of state says US energy products can diversify India’s needs

24.05.2026 General

US, Iran near 60-day ceasefire deal to reopen Strait of Hormuz

- Iran would clear mines from waterway, Washington would lift port blockade, allow Tehran to sell oil during 60-day period

24.05.2026 General

Oil prices rise as markets weigh risks in US-Iran tensions

- Positive signals from Washington-Tehran talks raise hopes for reduced risks to regional energy routes and global supply chains

22.05.2026 Oil

Saudi oil export revenues hit 3-year high in March amid Middle East war

- Oil exports account for 80.3% of total merchandise exports, putting revenue at around $24.7B, as prices surged

21.05.2026 General

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US crude oil inventories down 1.7% in week ending May 15

- Daily crude oil production falls to around 13.7 million barrels per day

21.05.2026 Oil

US Treasury issues temporary 30-day general license to provide access to Russian oil

- 'This extension will provide additional flexibility, and we will work with these nations to provide specific licenses as needed,' says Secretary Bessent

19.05.2026 Oil

US energy chief says Hormuz could reopen by end of summer

- Agreement with Iran could emerge ‘in next few days,’ Chris Wright says, but warns US military could reopen Strait of Hormuz by force if Tehran continues blocking traffic

16.05.2026 Energy Diplomacy

Cuba is out of fuel oil and diesel, energy minister says amid US oil blockade

- 'We have no fuel oil, no diesel,' says Vicente de La O Levy

14.05.2026 General

China-linked vessels transit Strait of Hormuz via Iran's 'safe' corridor as Trump visits China

- At least 4 China-linked ships, including crude tanker Yuan Hua Hu, passed through strategic waterway in last 24 hours, MarineTraffic data shows

14.05.2026 General

US crude oil inventories down 0.9% in week ending May 8

- Daily crude oil production rises to around 13.71 million barrels per day

13.05.2026 Oil

Iran war has cost Americans more than $37.3B in fuel price increases: Study

- Majority of additional costs – $20.41 billion – have been paid for petroleum while diesel accounts for nearly $17 billion, according to Brown University's Iran War Energy Cost Tracker

12.05.2026 Oil