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Oil rises as US-Iran tensions intensify around Strait of Hormuz

- Brent briefly climbs above $85 per barrel as investors assess impact of escalating Gulf tensions on global oil supplies

09:39 Oil

OPEC crude production jumps 3.05M bpd in June

- UAE, Kuwait and Iraq lead output gains

13.07.2026 Oil

Commercial ship traffic through Strait of Hormuz falls back to near-record lows

- Only 14 commercial vessels cross strategic waterway on Sunday after Iran announces closure until further notice - Vessels include tankers carrying around 2M barrels of Iranian crude and 1M barrels of petroleum products

13.07.2026 General

Spot market natural gas prices for Sunday, Jul. 12

- 1,000 cubic meters of natural gas on spot market costs 17,358.24 Turkish liras

13.07.2026 Natural Gas

US company sees Türkiye's Diyarbakir Basin producing up to 250,000 bpd of oil

- Last year, Texas-based oil and gas company entered into joint venture with TPAO and Oklahoma-based Continental Resources to pursue unconventional opportunities in Diyarbakir basin

13.07.2026 Natural Gas Oil

Higher oil prices fuel profits for producers, political pressure for White House

- Elevated gasoline prices could become a key election issue despite strong financial performance across the US energy sector

11.07.2026 Oil

US oil rig count unchanged for week ending July 10

- Number of US oil rigs rise by 21 compared to one year ago

11.07.2026 Oil

Türkiye pledges continued support for Turkish Republic of Northern Cyprus’ energy security

- Energy Minister Alparslan Bayraktar visits Teknecik Power Plant, reviews production capacity and modernization work

10.07.2026 General

Türkiye to supply natural gas to TRNC through new 101-km subsea pipeline

- Natural gas infrastructure project is expected to support growing electricity demand driven by transport, tourism and industry

10.07.2026 Oil

Middle East tensions drive weekly oil rally despite OPEC+ output increase

- Investors continue to monitor Middle East developments as concerns over crude shipments through the Strait of Hormuz persist

10.07.2026 Oil

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Global oil production recovers as Hormuz shipments resume, IEA says

- Partial restoration of Hormuz oil flows boosts June output, but regional production remains well below levels seen before the conflict

10.07.2026 Oil

Oil prices hold firm on geopolitical risks despite inflation worries

- Investors balance geopolitical risks against expectations that higher energy prices could keep interest rates elevated

10.07.2026 Oil

Türkiye nears 12-month deal to keep Iraq-Türkiye crude oil pipeline flowing uninterrupted: Energy minister

- Oil flow through Iraq-Türkiye Crude Oil Pipeline to Mediterranean port of Ceyhan to continue uninterrupted, says Alparslan Bayraktar who is in Iraqi capital in Baghdad

09.07.2026 Oil