oil

Gulf oil exports hit pre-war levels. Why are prices up?

More Gulf crude is reaching world markets. What’s behind the price puzzle?

4m read

Commercial vessels in the Strait of Hormuz on October 6, 2026, as Gulf oil flows recover despite continuing security risks in the strategic waterway.

Trump squeezes Iran as salaries lose their worth

US blockade chokes oil revenues as military buildup adds pressure on Tehran

Iranians shop at a street market in Tehran on September 23. The falling rial and rising living costs have eroded the purchasing power of salaries as US economic pressure intensifies.

Iran played its Hormuz card. Here’s why Trump said no

US escorts and oil flows have eased pressure on Washington to accept Tehran’s terms

Commercial vessels anchored amid haze in the Strait of Hormuz off Bandar Abbas, Iran, Monday, Sept. 7, 2026.

Trump rejects Iran’s Hormuz offer. What happens now?

Tehran says plan had top backing, but neither side wants to surrender its leverage first

US President Donald Trump and Iran’s Supreme Leader Mojtaba Khamenei as Washington and Tehran remain divided over the terms of a deal to reopen the Strait of Hormuz.

Trump pushes India-Middle East-Europe Economic Corridor

Iran war renews push for alternative trade and energy routes through the Gulf

The India-Middle East-Europe Economic Corridor links India with Europe through the Gulf, offering alternative trade and energy routes as the Iran war highlights risks around the Strait of Hormuz.

US met Houthis; US, Israeli ships spared from attacks

Previously undisclosed talks held at US Embassy in Muscat as Yemen conflict escalates

Houthi caretaker prime minister Mohammed Ahmed Miftah attends a press conference in Sanaa on September 12. The group has held previously undisclosed talks with US officials in Oman.

Just four vessels cross Hormuz as oil crisis deepens

Iran rejects US talks as attacks intensify and Brent crude stays above $108

A vessel lies anchored in the Strait of Hormuz off Bandar Abbas, Iran. Commodity-vessel traffic through the strategic waterway fell to just four transits on Monday as regional attacks intensified.

Drones hit 2 fishing boats off Iran, fishermen missing

Fishermen missing after drone attack near Kargan and Larak Island

Two fishing boats targeted in drone attack off Iran

Pakistan fuel relief could cost Rs30b a month

PM orders government to find additional funds to finance the new fuel relief programme

Two- and three-wheelers will qualify for subsidised petrol of up to 20 litres a month, while cars of up to 800cc will receive the discount on a maximum of 30 litres a month.

Oil above $100 as Red Sea threat hits Asia routes

Tankers face month-long detours as Asian refiners seek alternatives, freight costs rise

Perim or Mayum is a small island with enormous strategic value: it sits in the middle of Bab al-Mandab, the narrow gateway between the Red Sea and the Gulf of Aden.

Hormuz, Red Sea squeeze: How will oil get through?

Brent above $100 as Hormuz squeeze and Iran-backed Houthi gains threaten vital oil routes

Oil tankers navigate a key shipping route as disruptions put pressure on global energy flows. Illustrative image

Iran strikes ships, expands no-go zone outside Hormuz

Iran widens maritime ‘prohibited zone’ as clash with US sends oil above $100

A screen grab from US Central Command footage shows a strike on an oil tanker linked to Iran’s Revolutionary Guards, as attacks on shipping open a dangerous new phase in the battle over the Strait of Hormuz.

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