BISHKEK, KYRGYZSTAN – AUGUST 31: Russian President Vladimir Putin (R) istens to Indian Prime Minister Narendra Modi (L) during the Shanghai Cooperation Organization Summit on August 31, 2026 in Bishkek, Kyrgyzstan. Contributor | Getty Images News | Getty Images Indian Prime Minister Narendra Modi has urged Russia to end the Ukraine war and for a…
Vessels near the Strait of Hormuz, as seen from Musandam, Oman, Aug. 31, 2026. Stringer | Reuters A tanker was struck by three unknown projectiles while transiting the Strait of Hormuz on Monday, stoking worries that the Middle East conflict could once again escalate. The tanker was sailing in the southern shipping lane close to…
A Venezuelan flag waves in front of oil tanker on lake in Maracaibo, Venezuela on July 27, 2026. Jose Isaac Bula | Anadolu | Getty Images Venezuelan interim authorities have granted U.S.-backed North American Blue Energy Partners, or NABEP, 100-year concessions for 17 oil fields, with proven reserves of about 65 billion barrels, the White…
Drivers in the U.S. won’t see lower gas prices from President Donald Trump‘s massive oil deal with Venezuela because it will take years to significantly boost the country’s production, experts say. Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela’s proven oil reserves, around 20% of the 303 billion…
US President Donald Trump during a meeting with oil executives in the East Room of the White House in Washington, DC, US, on Friday, Jan. 9, 2026. Al Drago | Bloomberg | Getty Images President Donald Trump will meet Tuesday with U.S. refiners and fuel distributors as his administration looks for ways to expand domestic…
Vessels are seen in the Strait of Hormuz, off the port city of Bandar Abbas in southern Iran on August 10, 2026. Atta Kenare | Afp | Getty Images Oil rose Monday, amid heightened concerns over supply disruptions after U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday. Futures for international benchmark…
A UAE navy ship sails next to a cargo ship in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. Altaf Qadri | AP Iranian trade has fallen sharply under U.S. sanctions and a naval blockade, President Masoud Pezeshkian said, as Supreme Leader Mojtaba Khamenei urged a reduction…
U.S. Navy sailors work on the flight deck of the aircraft carrier USS George Washington as it transits the Arabian Sea to support U.S. military operations in the war with Iran Aug. 20, 2026. U.S. Navy | Via Reuters Iran’s foreign minister said on Friday that a return to diplomatic negotiations with the U.S. is…
Friday marks six months since the U.S. and Israel launched “major combat operations” in Iran, prompting retaliatory strikes on targets across the Gulf and sparking a new war in the Middle East. What was initially expected to be a weeks-long conflict has evolved into a standoff that geopolitical analysts say has no end in sight….
The tanker LNG ENTERPRISE unloads liquefied natural gas from the Lake Freeport LNG terminal in the United States at the Revithoussa terminal near Athens, Greece, on May 2, 2026. With the conflict in Iran causing disruptions to global gas supplies, US LNG deliveries to Europe have become significant. Nurphoto | Nurphoto | Getty Images Europe…
