APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices fell on Tuesday after U.S. President Donald Trump said he would postpone a planned military strike on Iran following requests from key Middle Eastern leaders, easing fears of an imminent escalation that could further disrupt global crude supplies. International benchmark Brent…
Washington, DC — As we’re all being painfully reminded, cutting off for any length of time the fifth of the world’s oil supply that passes through the Strait of Hormuz has an extraordinarily negative impact on commerce and lives here and everywhere. But what if we could get even half of that oil another way?…
President Donald Trump raised hopes of an agreement between the US and Iran after days of escalation.
Brent crude rises nearly 6 percent as soaring tensions in waterway push ceasefire to the brink. Published On 5 May 20265 May 2026 Oil prices have risen sharply as violence in the Strait of Hormuz cast doubt over the fragile ceasefire between the United States and Iran. Brent crude, the primary benchmark for oil prices…
Sanae Takaichi makes comments during a visit to Australia, where she signs agreements on energy supplies. Published On 4 May 20264 May 2026 The global oil supply squeeze from shipping disruptions in the Strait of Hormuz during the United States-Israeli war on Iran is having an “enormous impact” across the Asia Pacific, Japan’s prime minister…
The government will extend fuel tax cuts for another two months to cushion the impact of the Iran war on households, but that the relief would end after that and it would recoup the lost tax revenue in other ways. The US-Israeli war against Iran has caused the biggest oil supply disruption in history, the…
Somali piracy, which was on the decline since 2011, has surged again since late 2023, when Houthi rebels began attacking ships in the Gulf of Aden and Red Sea. The attacks forced international navies to instead tackle the Houthi threat, thus allowing armed groups on the Somali coast to take advantage of the security lapse.
NewsFeed Donald Trump says US forces are ‘like pirates’ taking over Iranian ships and cargo near the Strait of Hormuz. The US is maintaining a blockade of Iran’s ports and has seized at least three Iranian flagged vessels. Published On 2 May 20262 May 2026 Click here to share on social media share-nodes Share googleAdd…
U.S.-Israeli attacks launched previously during negotiations with Iran have led to a complete loss of trust in the United States, Iran’s president Masoud Pezeshkian said Thursday, according to Mizan News, the news agency of Iran’s powerful judiciary branch. In a phone call with Belarusian president Alexander Lukashenko, a close ally of Russia’s Vladimir Putin, Pezeshkian…
Alexander Manzyuk | Reuters Oil prices turned lower on Thursday shortly after Brent crude notched a four-year high on a report that the U.S. military would brief President Donald Trump on potential action against Iran. Axios reported that the U.S. Central Command was set to present Trump plans for a possible military action against Iran,…
