Oil Industry News
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US reinstates sanctions on Iranian oil sales after LNG, oil tanker attacks
The United States on Tuesday re-imposed sanctions on Iranian oil, as a U.S. official warned that Iran's attacks on vessels in the Strait of Hormuz were 'wholly unacceptable' and would be met with consequences. SCROLL TO CONTINUE WITH CONTENT Oil…
Beyond Oil: Disruption In Hormuz Spells Trouble For Global Markets
Machinery at Yara International ASA's 24-megawatt plant for renewable hydrogen production at the company's Heroya industrial facility in Porsgrunn, Norway, on Monday, June 10, 2024. Europe's largest fertilizer maker, Yara, opened a renewable…
Oil Prices Rise on Renewed Supply Disruption Fears as U.S. Launches Strikes on Iran
The U.S. struck sites along Iran's coast and blocked its ability to sell oil legally on Tuesday following Tehran's recent attacks on ships near the Strait of Hormuz, a key waterway through which one-fifth of the world's oil is transported. The…
Oil Rises Amid Renewed Supply-Disruption Fears
2332 GMT — Oil rises in early Asian trade amid renewed supply-disruption fears. The U.S. struck sites along Iran 's coast and blocked its ability to sell oil legally on Tuesday in response to Tehran's recent attacks on ships near the Strait…
Oil Prices Up As U.S. Cancels Iran's Sales License, Launches Strikes
Tugboats push the Djibouti-flagged crude oil tanker Glory Forever, carrying oil imported from the UAE, to the pier in Qingdao, Shandong province, China. (Photo: Yu Fangping) Future Publishing via Getty Images Oil prices rose on Tuesday following…
U.S. Revokes Waiver Allowing Sale of Iranian Oil
WASHINGTON—The Trump administration on Tuesday revoked a license allowing Iran to sell oil on the open market, the main economic benefit for Tehran of an interim peace deal that put an end to the war between Washington and Tehran and which…
Wall Street Breakfast Podcast: Oil Futures Surge On Strikes
Listen below or on the go via Apple Podcasts and Spotify U.S. strikes Iran, oil (CL1:COM) responds. (00:14) Oklahoma targets Allstate's (ALL) claims practices. (01:27) Streaming's biggest players are chasing the World Cup. (02:14) This is an…
Oil Jumps After U.S. Bars Iranian Oil Sales
Oil prices jumped in late trading Tuesday after the Treasury Department revoked a waiver that allowed Iran to sell oil, signaling a new test for stop-and-start peace talks between the countries. The department said the move, which comes after a new…
Oil prices rising after fresh round of strikes threaten US-Iran ceasefire
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Oil prices have risen and stocks have slumped after fresh…
A Better Way to Guard Against the Next Oil Crisis
If you knew your local Coke factory was having chronic supply-chain problems, buying a bigger refrigerator to store more soda would be one way to deal with it. The better strategy, however, might be to switch to Pepsi instead. And yet the…
Oil prices extend rally as US strikes on Iran revive geopolitical fears
Oil prices extended a surge on Wednesday as the Middle East crisis burst back into the spotlight with US forces launching fresh strikes on Iran after an attack on three vessels in the Strait of Hormuz. The sudden flare-up has stoked concerns about…
Watch Trump's Been Successful in Talking Down The 'Oil Markets' Says Kloza
Trump's Been Successful in Talking Down The 'Oil Markets' Says Kloza Oil nudged higher following attacks on shipping in and around the Strait of Hormuz, pointing to continued risks to vessels in the critical waterway. Tom Kloza, Chief Energy…
Watch Iran Escalation Jolts Oil as Strait of Hormuz Risks Return | Insight 07/08/2026
Iran Escalation Jolts Oil as Strait of Hormuz Risks Return | Insight 07/08/2026 Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that…
Oil Surges as US Strikes Targets in Iran Following Ship Attacks
Oil jumped — after gaining almost 3% on Tuesday — as the US launched a wave of strikes against Iran in retaliation for a spate of attacks on shipping in the Strait of Hormuz. West Texas Intermediate surged above $72 a barrel, while…
Oil up over 3pc as US and Iran trade strikes
Oil prices have gained more than 3pc after Iran and the US military traded airstrikes and Washington reimposed crude sales sanctions on Tehran, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again…
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