Oil and gas

Ali Saeedi/Getty Images

Oil prices fall after Iran steps up truce efforts, US says Hormuz mines cleared

Mohsen Rezaei, secretary of Iran's Supreme National Security Council, said in an interview on Thursday that Iran was preparing a list of conditions for reopening the Strait of Hormuz.

Supporters of Yemen's Houthi rebel movement carry a mock rocket as they demonstrate in the capital, Sanaa, to denounce a reported air strike by the Saudi-led coalition on a prison in the country's rebel-held north, on Jan. 21, 2022.

Houthis claim strike on Saudi oil tanker off Yanbu: What to know

The incident is the latest in a string of Houthi attacks targeting Saudi oil and military assets.

Leon Neal/Getty Images

Oil falls 1.8% as traders await 'toughest' sanctions on Iran

Traders are awaiting details about new US measures sure to further disrupt Iranian oil flows.

Zaidi

Iraq’s Zaidi doubles down on militia disarmament, boosting oil exports

Iraqi Prime Minister Ali al-Zaidi made the comments amid Hormuz-related export struggles and a nearing deadline for armed groups to disarm.

Latest News

China slams Trump over economic war on Iran: What to know

Foreign Ministry Spokesperson Lin Jian holds a press conference on Aug. 19, 2026.

Explainer

Iraq seeks special Hormuz access from Iran in scramble to keep oil flowing

AHMAD AL-RUBAYE / AFP via Getty Images

Turkey looks to expand Syria energy footprint into oil, gas

President Ahmad al-Sharaa meets Turkish Energy and Natural Resources Minister Alparslan Bayraktar at the People’s Palace in Damascus, Syria, on Aug. 19, 2026.

Oil nears $92 on UAE missile alert as Trump claims Iran talks stuck

Leon Neal/Getty Images

United Arab Emirates

Ships are anchored in the Strait of Hormuz on Aug. 10, 2026, off the coast of Bandar Abbas, Iran.

Iran says understanding reached with Oman over new Hormuz route map

Iranian Foreign Ministry spokesperson Esmail Baghaei told reporters in Tehran on Monday that “an understanding has been reached regarding the map of the transit route.”

A photograph obtained from the Iranian Students’ News Agency shows an oil slick along the southern coast of Qeshm Island, Iran, August 13, 2026.

Oil spills off Oman, Iran's Qeshm Island reap environmental havoc amid war

One oil leak off the coast of Oman is estimated to cover more than 772 square miles, devastating local habitats.

Children swimming in the Strait of Hormuz

Iran’s Hormuz authority denies Trump claims of control over strait: What to know

Trump administration officials have said oil shipments through the Strait of Hormuz are rising, but maritime traffic remains diminished.

Libyan firefighting teams attempt to extinguish a fire at the Zawiya refinery, the second-largest oil refinery in Libya, with a refining capacity of 120,000 barrels per day, after a tank belonging to the state-owned Libyan Brega Oil Company was attacked by unknown perpetrators, in Zawiya, Libya, on Aug. 11, 2026.

Analysis

Libya’s oil revival faces new test as violence returns amid US peace push

A drone strike destroyed a power substation in Zawiya as a US-backed peace push appears to be roiling domestic tensions.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

port attack

Hormuz traffic sinks to one-week low as ships attacked, talks stagnate

The United States and Yemen's Houthi rebels carried out separate attacks on commercial ships on Tuesday in the Gulf of Oman and the Red Sea.

Minister of Foreign Affairs Hakan Fidan met with Abdul Hamid Dbeibah, Prime Minister of the Government of National Unity of Libya, in Tripoli on Aug. 11, 2026.

Turkey’s Fidan heads to Libya as US-backed unification push gathers pace

The Turkish foreign minister will hold talks in both Tripoli and Benghazi as Ankara seeks to preserve its military, maritime, energy and commercial interests while Washington pushes Libya’s rival camps toward a power-sharing arrangement.

The Al-Riqqa oil tanker (L) and Al-Yarmouk oil tankers sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026.

Kuwait's LNG imports climb to highest level since start of Iran war

The country's domestic gas production has fallen drastically since the beginning of the US-Israel-Iran war in February.

Building construction at the Red Sea in Egypt.

Explainer

UAE-Egypt ties keep growing as Cairo navigates shifting Gulf landscape

An Emirati investor could soon strike a $2.7 billion deal to develop another tourism project on Egypt's North Coast, the latest in a string of UAE-linked pacts that have continued advancing despite turmoil from the US-Iran war.

ABDULLAH DOMA/AFP via Getty Images

Explainer

Egypt, Libya begin studying $1B oil pipeline: What to know

The two countries are nearing the launch of a joint project to build a pipeline linking the Egyptian city of Alexandria with the Libyan city of Tobruk, Asharq Bloomberg reported.

Khaled ZIAD / AFP via Getty Images

Explainer

Iran-Oman deal spurs Hormuz hopes as Red Sea threats evolve

Iran has signaled that an agreement was reached with Oman establishing a Hormuz shipping route even as Houthi attacks in the Red Sea expand.

Iranian Foreign Minister Abbas Araghchi (L), Iranian parliament speaker Mohammad Bagher Ghalibaf (2nd L) and Omani Foreign Minister Badr bin Hamad Al Busaidi (R) attend a meeting in Muscat, Oman, on June 22, 2026.

Explainer

Iran-Oman Hormuz route talks near 'completion': What to know

The new framework would give Iran a greater role in managing one of the world’s most strategically important maritime choke points.

Fayez Nureldine / AFP via Getty Images

Saudi Arabia's economy shrinks by 4.8% amid Iran war: What to know

The kingdom saw a 24.7% year-on-year decline in its oil sector for the April 1 to June 30 period due to the closure of the Strait of Hormuz.