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Tag: Oil

Iran war paralyzes oil trade, U.S. military plane crashes in Iraq
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Iran war paralyzes oil trade, U.S. military plane crashes in Iraq

eriinfo.com4 months ago04 mins

Iran’s new Supreme Leader Ayatollah Mojtaba Khamenei issued his first public message Thursday — but the statement came as a prepared message, with no speech, video or public appearance.  Security around Iran’s leadership is extremely tight following the assassination of his father, Ayatollah Ali Khamenei, in the opening phase of the war now spreading across…

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Oil price jumps despite deal to release record amount of reserves
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Oil price jumps despite deal to release record amount of reserves

eriinfo.com4 months ago01 mins

It comes as Iranian attacks on ships intensify in the crucial Strait of Hormuz waterway.

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Iran sends millions of oil barrels to China through Strait of Hormuz even as war chokes the waterway
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Iran sends millions of oil barrels to China through Strait of Hormuz even as war chokes the waterway

eriinfo.com4 months ago010 mins

Rotterdam hopper dredger vessel operated by Van Oord sits anchored, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 9, 2026. Benoit Tessier | Reuters Iran has continued to send large amounts of crude oil via the Strait of Hormuz to China even as the…

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Oil falls after Energy secretary wrongly claims tanker escort
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Oil falls after Energy secretary wrongly claims tanker escort

eriinfo.com4 months ago06 mins

Oil prices retreated Tuesday, even after Secretary of Energy Chris Wright wrongly claimed in a social media post that the U.S. Navy had escorted a tanker through the Strait of Hormuz. “The U.S. Navy has not escorted a tanker or a vessel at this time,” White House Press Secretary Karoline Leavitt told reporters Tuesday. U.S….

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Africa: Oil Prices Soar Above 0 Per Barrel As Us/Israel War On Iran Disrupts Supply
  • Africa

Africa: Oil Prices Soar Above $100 Per Barrel As Us/Israel War On Iran Disrupts Supply

eriinfo.com4 months ago05 mins

Global oil prices have surged past $100 per barrel for the first time in over five years as the escalating conflict involving the United States, Israel and Iran disrupts supplies through the Strait of Hormuz. The price of Brent crude has jumped to $109.18 per barrel, crossing the $100 mark for the first time in…

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Strait of Hormuz ship traffic slows to a crawl. Here’s what to know about the key oil waterway.
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Strait of Hormuz ship traffic slows to a crawl. Here’s what to know about the key oil waterway.

eriinfo.com4 months ago012 mins

The U.S. and Israeli attacks on Iran are focusing attention on the Strait of Hormuz, a narrow but strategically vital waterway in the region that serves as a key artery for global oil shipments. The passage of oil tankers and other commercial ships has all but halted in the strait, sparking concerns that a prolonged conflict in…

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Trump threatens more strikes if Iran halts world oil supply
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Trump threatens more strikes if Iran halts world oil supply

eriinfo.com4 months ago03 mins

IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Trump threatens more strikes if Iran halts world oil supply 00:58 UP NEXT Blasts spotted in Beirut as Israel continues strikes 00:19 Celebrations in Tehran as new Iranian leader selected 00:30 Seventh American dies from war with Iran…

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As U.S.-Israeli war with Iran intensifies, Trump says he has “a plan” for oil prices
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As U.S.-Israeli war with Iran intensifies, Trump says he has “a plan” for oil prices

eriinfo.com4 months ago03 mins

President Trump weighed in Monday on the plight of Iran’s national women’s soccer team, who were caught up in the geopolitical ramifications of the U.S.-Israeli war on their home country as they participated in the women’s Asian Cup in Australia, offering them asylum in the U.S. There were calls for Australia to offer the women…

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G7 nations to hold emergency meeting on oil as stock markets sink
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G7 nations to hold emergency meeting on oil as stock markets sink

eriinfo.com4 months ago01 mins

Chancellor Rachel Reeves will join talks amid reports that oil reserves could be released to lower prices.

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Oil approaches 0 as U.S. pulls diplomats, Middle East war deepens
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Oil approaches $110 as U.S. pulls diplomats, Middle East war deepens

eriinfo.com4 months ago010 mins

Smoke rises from the site of airstrikes in a central area of the Iranian capital Tehran on March 6, 2026. Atta Kenare | Afp | Getty Images The U.S. government on Monday ordered non-emergency government employees to leave Saudi Arabia as the war engulfing Iran widened across the Middle East, pushing oil prices above $110…

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  • Rescue efforts turn to recovery as aftershocks shake Venezuela | Humanitarian Crises News
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