
Saudi Aramco promises full production can be restored within days if Strait of Hormuz is reopened
The Aramco chief has warned of a 'catastrophic' impact on the oil market if the Strait of Hormuz remains closed, reiterating that Saudi Aramco could restore full production within days of its reopening.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Excellent (100/100)Sources
US oil poised to return to $100 - TradingView
US oil poised to return to $100 TradingView
Read full article →Oil price jumps despite deal to release record amount of reserves
It comes as Iranian attacks on ships intensify in the crucial Strait of Hormuz waterway.
Read full article →Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy
Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
By Elian Peltier and Zia ur-Rehman
Read full article →Investors slash Fed rate-cut bets as Iran war sends petrol prices surging
Traders expect central bank to remain on hold until next summer in blow to Trump’s hopes for lower borrowing costs
Read full article →Why China could emerge a winner from Trump’s global energy shock
Spiking oil prices may reveal how China has been more successful in electrifying its economy and reducing dependence on fossil fuels than the United States.
By Evan Halper
Read full article →Oil shock 'largest supply disruption' in history, says International Energy Agency
The IEA said current flows through the Strait of Hormuz were moving at less than 10% of pre-crisis levels, which in 2025 were around 15 million barrels per day – with 'no signs of a de-escalation in hostilities or a clear timeline for a recovery in flows through the Strait.'
Read full article →Threats to the Strait of Hormuz raises concerns about global oil prices
The threat of Iran laying mines in the Strait of Hormuz -- the narrow waterway through which about 20% of the world's oil supply travels -- is raising fresh fears about global oil prices.
By Scott Neuman
Read full article →Oil price over $100 as Iran attacks on shipping intensify - The Times
Oil price over $100 as Iran attacks on shipping intensify The Times
Read full article →Oil prices swing wildly amid mixed messages over Iran war
Crude oil prices fall sharply as energy markets remain on tenterhooks over effective closure of the Strait of Hormuz.
Read full article →Trump administration directs Sable Offshore to restore Santa Ynez oil unit
The Trump administration on Friday directed Sable Offshore to restore oil drilling operations off the southern California coast, the U.S. Energy Department said.
Read full article →World's largest oil company wants to buy Ukraine interceptor drones
Saudi Aramco wants to buy interceptor drones from the Ukrainian companies SkyFall and Wild Hornets for protection from attacks.
By Artur Kryzhnyi
Read full article →How Middle East conflict and soaring oil prices will affect Angola’s Chinese debt deals
As conflict in the Middle East pushes oil beyond US$100 per barrel, Angola and other African producers are in line to be among the main beneficiaries. On Thursday, following renewed tanker attacks, Brent crude oil prices surged back past US$100 a barrel, having reached a peak of US$119.50 on Monday, the highest level since 2022. The closure of the Strait of Hormuz, a key maritime chokepoint through which about 20 million barrels of oil and petroleum products flow daily, has crippled energy...
By Jevans Nyabiage
Read full article →Iran to allow India-flagged tankers to pass through Strait of Hormuz (reports)
Iran will reportedly allow Indian-flagged tankers to transit the Strait of Hormuz, a conduit for 40% of the South Asian nation's crude imports, an Indian government source told Reuters on Thursday, but an Iranian source outside the country denied any such deal was reached. FRANCE 24's Mark Owen speaks with Giacome Luciani, Professor at the Paris School of International Affairs.
By FRANCE24
Read full article →Brent oil futures climb above $100 on continued disruption to Strait of Hormuz traffic
Prices have spiked after Iran’s new supreme leader broke his silence and called for the Strait of Hormuz to stay closed.
By Nora Redmond
Read full article →Markets End Another Week Down—Dropping Over 1%—As Oil Still Above $100 Amid Iran War - Forbes
Markets End Another Week Down—Dropping Over 1%—As Oil Still Above $100 Amid Iran War Forbes
Read full article →FTSE 100 falls on growing fears of prolonged war in Middle East
Stocks were under pressure and oil climbed as Iran’s new supreme leader ordered the vital Strait of Hormuz shipping lane to remain closed.
By Michael Hennessey
Read full article →Two Indian vessels carrying LPG cross Strait of Hormuz safely: Shipping Ministry official
LPG carriers Shivalik and Nanda Devi are now headed to Mundra and Kandla ports in Gujarat, Rajesh Kumar Sinha, Special Secretary in Ministry of Shipping, told a media briefing
Read full article →Oil prices dip as Indian tanker passes through Strait of Hormuz
Read full article →Havoc in the Strait of Hormuz hands Canada’s oil sector a windfall. Will pipelines follow?
Canadian oil is banking surging profits, Alberta royalties are up, and Ottawa is gaining a tax windfall thanks to the spike
By Tracy Moran
Read full article →Two Indian vessels cross Strait of Hormuz safely with 92,700 tonne LPG
By TOI BUSINESS DESK
Read full article →After two Indian LPG carriers cross Strait of Hormuz, Iran envoy says ‘our embassy tried’
India’s shipping ministry confirmed that two Indian-flagged LPG carriers – Shivalik and Nanda Devi – safely crossed the Strait of Hormuz early Saturday morning
Read full article →KTR writes to Centre seeking urgent steps to address LPG shortage, warns of shutdown of eateries
Read full article →Why ‘shadow tankers’ are the only ships sailing through the Strait of Hormuz - The Straits Times
Why ‘shadow tankers’ are the only ships sailing through the Strait of Hormuz The Straits Times
Read full article →IndiGo Flights To Get Costlier As It Imposes Fuel Surcharge Amid Iran War
Passengers booking IndiGo flights will pay more from tomorrow after the airline announced it is adding a fuel charge to all domestic and international routes amid war in the Middle East.
Read full article →Protecting consumers or balancing the books: Pakistan’s oil dilemma
Oil has been on everyone’s lips since the start of the US and Israel’s war with Iran. Global energy markets are on tenterhooks as traffic through the Strait of Hormuz, through which about one-fifth of the global oil supply transits, has nearly halted, while attacks on energy facilities across the Middle East have heightened uncertainty. The blockade means that some 15 million barrels of crude oil and 5mn barrels of other oil products are choked off from global markets every day. The disruptio...
By none@none.com (Nasir Jamal)
Read full article →Seoul shares close lower on extended Middle East tension; won sharply down
South Korean stocks closed lower Thursday amid escalating tensions in the Strait of Hormuz, which triggered extreme volatility in global oil prices. The local currency fell sharply against the greenback. The Korea Composite Stock Price Index moved down 26.7 points, or 0.48 percent, to close at 5,583.25. Trade volume was heavy at 794.1 billion shares worth 23.6 trillion won ($15.9 billion), with gainers outpacing losers 569 to 321. Foreigners sold a net 2.36 trillion won while individuals bought
By The Korea Herald
Read full article →US energy secretary plays down $200 oil risk as prices surge and tankers burn in Iraqi port
US Energy Secretary Chris Wright said on Thursday that oil prices are unlikely to reach $200 a barrel, even as crude tankers remained stalled in the Strait of Hormuz and two vessels blazed at an Iraqi port following suspected Iranian drone boat attacks. “I would say unlikely, but we are focused on the military operation […]
By Newsroom
Read full article →Oil prices hit $100 again as Iran targets Gulf energy sites and shipping
The war has cost the United States more than $11.3 billion, US lawmakers were told in a Pentagon briefing
Read full article →Oil spike may raise power rates by up to P4 per KwH — ERC chair
BAGUIO CITY—Filipinos may face further financial stress next month as the prices of electricity traded at the spot market may climb by as much as P4 per kilowatt hour (kWh) amid the ongoing war in the Middle East. Speaking to reporters on Thursday, Energy Regulatory Commission (ERC) chair and CEO Francis Saturnino Juan said simulations
By mmercado
Read full article →World’s largest oil producer Aramco in talks to buy Ukrainian interceptor drones, WSJ reports - The Kyiv Independent
World’s largest oil producer Aramco in talks to buy Ukrainian interceptor drones, WSJ reports The Kyiv Independent
Read full article →Oil prices nosedive amid US intervention signals in Strait of Hormuz - Gulf News
Oil prices nosedive amid US intervention signals in Strait of Hormuz Gulf News
Read full article →Aramco chief warns of 'catastrophic' hit to oil market if Strait of Hormuz stays closed - thenationalnews.com
Aramco chief warns of 'catastrophic' hit to oil market if Strait of Hormuz stays closed thenationalnews.com
Read full article →Iran may permit oil tankers to pass Hormuz if trade uses yuan: Report
Iran may allow a restricted number of oil tankers to pass through the Strait of Hormuz if shipments are traded in Chinese yuan, a senior Iranian official told CNN, according to a r...
Read full article →Iran Considers Yuan Payments for Hormuz Ship Passage - Tempo.co English
Iran Considers Yuan Payments for Hormuz Ship Passage Tempo.co English
Read full article →European Stocks Erase Losses as Oil Slips Below $100 a Barrel
European stocks rose Friday as oil prices slipped below $100 a barrel, following news reports of an Indian tanker’s passage from the Strait of Hormuz, a key shipping artery that’s been effectively shut amid the Iran war.
By Olivia Levieux
Read full article →Futures At Session Highs After Oil Drops Below $100 On India Hormuz Transit Hopes
Futures At Session Highs After Oil Drops Below $100 On India Hormuz Transit Hopes US stock futures rebounded from their overnight selloff, and were trading near session highs after three days of losses on Wall Street as Brent slipped below $100 a barrel and investors waited to see if the war in the Middle East would escalate further. The catalyst for the bounce was news that India asked Iran to allow its tanker armada through Hormuz, which would lead to a substantial easing of t...
By Tyler Durden
Read full article →Middle East conflict: Oil shock 'largest supply disruption' in history, says IEA - The Star | Malaysia
Middle East conflict: Oil shock 'largest supply disruption' in history, says IEA The Star | Malaysia
Read full article →Aramco sees ‘catastrophic consequences’ for oil markets if Hormuz strait remains blocked - The Daily Star
Aramco sees ‘catastrophic consequences’ for oil markets if Hormuz strait remains blocked The Daily Star
Read full article →EU financial markets face rising volatility as Middle East tensions escalate - The Brussels Times
EU financial markets face rising volatility as Middle East tensions escalate The Brussels Times
Read full article →Oil: Brent holds $100 as Iran conflict enters third week
Energy markets remain tense, with oil holding above $100 as the conflict between the US, Israel and Iran escalates and navigation in the Strait of Hormuz remains restricted The post Oil: Brent holds $100 as Iran conflict enters third week appeared first on ProtoThema English.
By admin
Read full article →Oil holds above $100, stocks fall as Khamenei targets Hormuz
Oil prices held gains above $100 Friday and most equity markets dropped after Iran's leader called for the blocking of the crucial Strait of Hormuz and the opening up of new fronts in the war against the United States and Israel. The post Oil holds above $100, stocks fall as Khamenei targets Hormuz appeared first on Vanguard News.
By Ayobami
Read full article →Oil jumps to US$100 per barrel and stocks sink worldwide with no clear end in sight for Iran war - Jamaica Gleaner
Oil jumps to US$100 per barrel and stocks sink worldwide with no clear end in sight for Iran war Jamaica Gleaner
Read full article →Oil Prices Climb Above $100 as Middle East War Overshadows Relief Efforts
Rabat – Oil prices are still ascending, with Brent and US crude poised for strong weekly gains, as tensions in the Middle East overshadowed international measures aimed at easing supply strains. Brent futures for May rose 88 cents to $101.34 a barrel, marking a weekly increase of around 9%. US West Texas Intermediate (WTI) for […] The post Oil Prices Climb Above $100 as Middle East War Overshadows Relief Efforts appeared first on Morocco World News.
By Firdaous Naim
Read full article →Oil price jumps despite deal to release record amount of reserves
Oil prices climbed back above $100 a barrel, and stock markets fell after three more cargo vessels were hit in the Gulf and Iran's new supreme leader vowed to keep blocking the key Strait of Hormuz shipping route.
By Prince Adu-Owusu
Read full article →TotalEnergies halts Qatar output as war disrupts Middle East energy flows
TotalEnergies announced shutdowns for Qatar, Iraq and offshore UAE productions, cutting 15 percent of the company’s global output. French energy major TotalEnergies said it has shut down, or is in… (The post TotalEnergies halts Qatar output as war disrupts Middle East energy flows is from Doha News | Qatar.)
By Farah AlSharif
Read full article →Chamber warns businesses of effect of Middle East conflict - The Fiji Times
Chamber warns businesses of effect of Middle East conflict The Fiji Times
Read full article →Coverage Timeline
World's largest oil company wants to buy Ukraine interceptor drones
Iran to allow India-flagged tankers to pass through Strait of Hormuz (reports)
Chamber warns businesses of effect of Middle East conflict - The Fiji Times
Related Stories

LTFRB approves fare hike for provincial buses
just now

LTFRB Approves Provisional Fare Hike for Provincial Buses in Philippines
just now

Lagos Ride-Hailing Drivers Begin Three-Day Strike Over Fares
just now

Sute de milioane de barili de petrol din rezervele strategice ale AIE intră pe piaţă pentru a calma şocul provocat de războiul din Iran
6m ago