Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA), speaks during a press conference at the Japan National Press Club in Tokyo on June 26, 2026. Yuichi Yamazaki | Afp | Getty Images The U.S. and Iran’s interim peace agreement gives inspectors from the U.N. nuclear watchdog access to the Islamic Republic’s…
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil extended declines on Friday as investors monitored developments in the Middle East conflict while assessing whether recent diplomatic efforts would reduce the risk of supply chain disruptions. International benchmark Brent crude futures for August…
At least 20 oil tankers stranded in the Persian Gulf with 35 million barrels have exited the Strait of Hormuz since the U.S. and Iran agreed to open the sea lane, according to data provided by Kpler, a firm that tracks global trade flows. The tankers, which were not Iranian in origin, had been stuck…
More than 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Strait of Hormuz under a large-scale evacuation plan backed by Iran and the United States, the International Maritime Organization said Tuesday. “We have secured the necessary safety guarantees and have thoroughly verified the conditions for safe navigation to support these…
A cooling tower is seen at the nuclear-powered Vogtle Electric Generating Plant in Waynesboro, Georgia, U.S. August 13, 2024. Megan Varner | Reuters The Energy Department announced Tuesday that it will provide $17.5 billion in loans to speed the deployment of 10 big nuclear reactors across the U.S. Energy Secretary Chris Wright said the loans…
Chevron will fuel a massive Microsoft data center in West Texas with natural gas under a 20-year agreement, the oil major announced Monday. The data center, called Project Kilby, is expected to consume nearly 2.7 gigawatts of electricity, equivalent to the power needed to run about 2 million homes. Most of the electricity will come…
The U.S. on Monday authorized Iranian oil sales through August after “productive talks” between Tehran and Washington in Switzerland over the weekend, Treasury Secretary Scott Bessent said. “As part of the framework, Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil,” Bessent said in a post on…
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region’s oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. On Sunday, U.S. Vice President JD…
APA Corporation’s Forties Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices climbed Monday after U.S. President Donald Trump threatened renewed military action against Iran, raising concerns about the durability of a fragile interim peace agreement reached last week. Trump made the threat on Sunday, even as Vice President JD Vance met…
Black smoke rises from the area of the Russian oil producer Gazprom Neft’s Moscow oil refinery on the south-eastern outskirts of Moscow on June 18, 2026. – | Afp | Getty Images Russia has pledged to carry out frequent and “massive group strikes” against Ukraine shortly after Kyiv launched a barrage of drones on Moscow,…
