Israel’s military said Thursday that it had struck “dozens of headquarters, weapons storage facilities, launch sites, and anti-tank missile positions” belonging to the Iranian-backed Hezbollah group in Lebanon over the last 24 hours. The IDF said it would continue to “operate decisively against the Hezbollah terror organization” in Lebanon “to remove the threat posed to…
Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026. Kena Betancur | AFP | Getty Images Crude prices extended gains during Asia trading as escalating attacks in the Persian Gulf and U.S. President Donald Trump‘s signals on exiting the Iran conflict even as the Strait of Hormuz remains…
At least two Chinese cargo ships that were blocked by Iran last week as they tried to transit the Strait of Hormuz managed to traverse the key waterway on Monday, according to tracking data from the MarineTraffic website. Iran’s Islamic Revolutionary Guard Corps naval forces appeared to make an example of the vessels, and one…
An old Soviet-era Lada car drives past a truck belonging to a private Cuban company (mipyme) parked in front of a gas station with an IsoTank of imported fuel in Havana on March 19, 2026. Adalberto Roque | Afp | Getty Images The Kremlin on Monday welcomed the arrival of a Russian-flagged oil tanker to…
President Donald Trump said Sunday that he would like to “take the oil in Iran” and is considering seizing the export hub of Kharg Island, which is responsible for more than 90% of Iran’s oil exports. In an interview with the Financial Times, Trump said his “preference would be to take the oil.” “To be…
President Trump on Sunday night said he has “no problem” with a Russian oil tanker off the coast of Cuba delivering relief to the island, which has been brought to its knees by a U.S. oil blockade. “We have a tanker out there. We don’t mind having somebody get a boatload because they need… they…
The Tokyo Tower stands amid buildings at dusk in Tokyo, Japan. Bloomberg | Bloomberg | Getty Images South Korea stocks fell sharply Monday, leading declines in the region as the Middle East war entered its fifth week. The benchmark Kospi plunged over 5%, while the small-cap Kosdaq was 3.97% lower. Japan’s Nikkei 225 fell 3.97%,…
HOUSTON — The CEOs of the world’s most influential oil and gas companies delivered a sobering message this week about the impact of the Iran war on energy supplies and the long-term consequences for the global economy. The executives gathered in Houston, Texas, for S&P Global’s annual CERAWeek energy conference to take stock of the…
As the United States-Israeli war on Iran enters its fourth week this weekend, pressure on oil and gas markets continues to mount due to severe disruption to shipping traffic through the Strait of Hormuz as well as attacks on and around key energy facilities in the Gulf. In peacetime, 20 percent of the world’s oil…
An oil tanker unloads crude oil at a terminal at the port in Qingdao, in China’s eastern Shandong province on March 11, 2026. – | Afp | Getty Images Chinese industrial firms saw their profits surge in the first two months of this year as officials pressed ahead with efforts to contain the fallout from…
