Trump Threatens Strike on Iran’s Kharg Island Oil Hub if Hormuz Remains Blocked
Trump also claimed Iran was unable to defend itself against U.S. strikes
Oil
Toxic Pollution From Iran Oil Fires Drifts Toward Central and South Asia
Environmental experts warn that smoke and pollutant clouds from burning oil facilities in Iran could trigger acid rain and worsen air quality across Central Asia and Pakistan
U.S. Allows Limited Purchases of Sanctioned Russian Oil to Stabilise Markets
The authorisation will remain in place until April 11
U.S. to Release 172 Mln Barrels of Oil From Strategic Reserve
Deliveries will begin next week
Oil Prices Drop 4% After Trump Predicts End to Middle East War
Brent crude futures fell $4.17
Tehran Wakes to Toxic Smoke and Acid Rain After Overnight Oil Depot Strikes
Tehran’s governor urged wearing masks outdoors
Oil Prices Jump Over 25% as Middle East Conflict Disrupts Supply
Traders are particularly concerned about the impact on the Strait of Hormuz
U.S. Grants India Temporary Waiver on Russian Oil Restrictions
The waiver applies only to crude that has already been loaded onto vessels
Iran Threatens Ships as Strait of Hormuz Reportedly Closed
Roughly one fifth of the world’s oil consumption moves through the strait
Saudi Arabia’s Aramco Closes Ras Tanura Refinery Following Drone Attack
The drone strike comes amid a wave of assaults across the region
Oil Prices Jump as Middle East Conflict Shakes Global Markets
The surge followed continued military strikes by the United States and Israel on Iran
Goldman Sachs Raises 2026 Brent and WTI Forecasts
The bank warned of downside risks to its fourth-quarter 2026 forecasts
Midad Energy Moves to Buy Sanctioned Lukoil Assets
Midad will place its all-cash offer in escrow
KazTransOil to Raise Oil Transit Tariffs for Russia–Uzbekistan Route
For Russian crude, the tariff will go up by 14%
Uzbekistan Purchased Kazakh Oil at Among Lowest Prices in 2025
Singapore and Switzerland also secured comparatively cheap supplies
Lukoil Agrees to Sell Foreign Assets to Carlyle Group
The agreement is not exclusive and is conditional on regulatory approvals
U.S. Set to Approve Broader Chevron Licence for Venezuelan Oil
Chevron remains the only U.S. oil major producing in Venezuela
Kazakhstan Condemns Drone Attacks on Black Sea Tankers
The affected tankers had all necessary permits and identification systems.
Chevron Tanker and Kazakh Oil Ship Struck by Drones in Black Sea
Oil and gas production in Kazakhstan fell 35% between January 1 and 12
U.S. Seizes Fifth Tanker in Venezuelan Oil Crackdown
The tanker was intercepted before dawn by Marines
U.S. Intercepts Venezuela-Linked Russian Oil Tanker
Moscow has criticised U.S. actions related to Venezuela
Chevron and Quantum Target Lukoil Foreign Assets
Saudi firm Midad Energy is also considered a potential bidder
Venezuela to Export Up to $2 Bn in Oil to U.S. Under Trump Deal
The deal is intended to redirect shipments from China
Uzbekistan Contains New Oil Leak at M-25 Field
Authorities also confirmed that some oil entered a water channel