oil price

Trump and Zelensky clash over Russian diesel deal

Diesel deal sparks tensions amid deadly Russian attacks in Ukraine

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US eases Russian diesel sanctions, drawing criticism from Ukraine and EU

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.

Brent crude oil surges near $100 amid US-Iran war

US-Iran clashes hit tankers, choke key Gulf route and lift crude prices

A man fills in his car with petrol at a gas station in Saint-Etienne-de-Montluc, western France, on April 15, 2026, as US-Israel war on Iran, launched on February 28, has roiled global energy and equities markets, sending oil prices skyrocketing after Tehran virtually closed the key Strait of Hormuz.

Why US oil refiners are not rushing to build new plants

With refineries near full capacity, Trump’s call for more gasoline runs into hard limits

The US refining squeeze is part of a much larger global problem. Millions of barrels per day of refining capacity are reportedly offline across Asia, the Middle East and Russia, either because of damage from the conflict, maintenance or other disruptions.

80% of Hormuz traffic ‘dark’ as US flips Iran playbook

US-protected ‘dark’ tankers keep millions of barrels flowing, easing oil prices

An oil tanker sails at night. Tankers are increasingly switching off tracking signals while transiting the Strait of Hormuz as part of efforts to keep Gulf oil flowing despite Iranian attacks.

UAE fuel prices out today: Petrol prices to rise?

Brent spikes as Red Sea attacks reignite fears, clouding hopes of another fuel price cut

UAE fuel prices out today: Petrol prices to rise in August?

IEA warns of oil supply risks as Hormuz tensions grow

Agency says crude markets remain cushioned, but refined fuels, LNG face growing pressure

Two men wade in the waters of the Strait of Hormuz with vessels anchored in the background, off Bandar Abbas, Iran, Sunday, July 12.

Brent crosses $90 as supply fears return

Strait of Hormuz risks lift Brent to a one-month high and revive inflation fears

Agency

Oil is near $90. Here is what could send it higher

Hormuz disruption and tighter inventories are the key risks traders are watching

What could push oil above $90 after an 11% weekly surge?

Projectile sets on fire tanker off Oman coast in Hormuz

US president signals both diplomacy and military options remain open

Crowds of mourners surround the convoy carrying the coffins of Iran's slain supreme leader Ali Khamenei and members of his family during a funeral procession near Azadi Square in Tehran on July 6, 2026.

Why OPEC+ is pumping more oil again in August

Sunday decision comes as shipping through the Strait of Hormuz continues to normalise

Energy ministers from Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman agreed to implement the production adjustment from August 2026

Air India cuts long-haul fees, airfare relief in sight

Lower fuel surcharge to make Air India’s long-haul international fares cheaper

Air India lowers fuel levy on North America, Europe, UK and Australia flights after ATF eases. Illustrative image

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