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US energy chief says oil flows from Gulf at 15M barrels per day

- Chris Wright says 7-day average for oil leaving Strait of Hormuz had reached nearly 9M barrels per day

10:32 Oil

EIA raises oil price forecast as disruptions in Strait of Hormuz persist

- EIA expects Brent crude to average $85 per barrel in third quarter as disruptions in Hormuz weigh on global oil supplies

10:10 Oil

US expects Iran to ensure safe oil flow through Strait of Hormuz: Vance

- ‘Our expectation is you're going to see the same amount of oil and gas come out of the Gulf that you saw before the conflict started,’ says JD Vance

08.08.2026 Oil

Iran war pushes US Strategic Petroleum Reserve to 43-year low

- Emergency releases following Iran conflict drive US oil stockpile to its lowest level since February 1983

08.08.2026 Oil

US oil rig count up for week ending Aug. 7

- Number of US oil rigs up by 43 compared to one year ago

08.08.2026 Oil

US crude oil inventories up 0.6% in week ending July 31

- Daily crude oil production increases to around 13.8 million barrels per day

06.08.2026 Oil

US, Iran may reach Hormuz deal by Tuesday or Wednesday: Treasury chief

- Deal would allow freedom of movement in Strait of Hormuz, says US Treasury Secretary Scott Bessent

04.08.2026 General

US military says it redirected 44 vessels under Iran blockade enforcement

- 'U.S. forces continue to strictly enforce the U.S. blockade against Iran,' Central Command says

04.08.2026 General

Trump urges oil companies to cut retail fuel prices

- US president calls on Chevron, other oil producers to pass higher profits on to consumers by reducing prices at pump

04.08.2026 General

Trump accuses Iran of mixed signals, repeats demand for nuclear deal or ‘total surrender’

-‘Iranian Leadership is unbelievably duplicitous!’ US president says

04.08.2026 General

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US oil rig count up for week ending July 31

- Number of US oil rigs up by 41 compared to one year ago

01.08.2026 General

QatarEnergy buys 33 spot US LNG cargoes to offset Hormuz disruption

- 28 cargoes have been delivered to customers in Asia, while remaining five are en route to South Korea, Taiwan and India

30.07.2026 Oil

Oil gains as US-Iran tensions escalate after Trump retaliation warning

- Brent crude edges higher as geopolitical risks surrounding the Strait of Hormuz outweigh broader market uncertainty

30.07.2026 Oil

US crude oil inventories down 1.7% in week ending July 24

- Daily crude oil production decreases to around 13.8 million barrels per day

30.07.2026 Oil

South Korea to enshrine nuclear non-proliferation pledge in law as it pursues nuclear-powered subs: Report

- Proposed legislation, expected to be announced for public consultation by Defense Ministry, outlines 5 basic principles for country's nuclear-powered submarine project

28.07.2026 General