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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

10:57 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

10:56 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

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

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US removes Russian-linked oil tanker from sanctions blacklist

- Vietnam-flagged vessel Astra had been designated under Russia-related executive orders

09.05.2026 Oil

US oil rig count up for week ending May 8

- Number of US oil rigs fall by 57 compared to one year ago

09.05.2026 Oil

US crude oil inventories down 0.5% in week ending May 1

- Daily crude oil production falls to around 13.57 million barrels per day

07.05.2026 Oil

Oil falls on US-Iran deal optimism after Trump announces pause on 'Project Freedom'

- Suspension of 'Project Freedom' eases tensions, while sharp drop in US crude inventories limits price declines

06.05.2026 Oil

'New equation in Strait of Hormuz is taking shape,' says Iran's parliament speaker

- 'The security of shipping, energy transit has been endangered by United States and its allies,' says Qalibaf

05.05.2026 General

Iran says there is 'no military solution' to political crisis as it warns US, UAE over Hormuz tensions

- 'Events in Hormuz make clear that there’s no military solution to a political crisis,' Iran's foreign minister says, warning US and UAE of 'being dragged back into quagmire'

05.05.2026 General