Oil prices rise as Iran hardens demands over Strait of Hormuz
The spike reflects the lingering tensions around the Strait of Hormuz
Oil
BP profits double to $5.7bn as Middle East conflict drives up oil prices
BP Chief Executive Meg O'Neill stated the company is still not reaching its full financial potential
Russian oil refining falls to lowest level since 2002 — media
Throughput readings started to go down in 2026
Kazakhstan Rebukes “Deliberate” Strikes on Caspian Pipeline’s Oil Tankers
Drone warfare has recently escalated in the Black Sea area
Low Global Oil Inventories Cast Doubt on Market Optimism After US-Iran Deal
Analysts warn that depleted stockpiles, disrupted tanker traffic and fragile regional stability could keep oil markets vulnerable even as geopolitical tensions ease
Karakalpakstan Proposes “Besqala Mining Valley” Where Crypto Miners Can Extract Oil and Gas
Operations within the valley will be strictly limited to legal entities
Oil Spill Hits Uzbekistan’s Boysun District Following Mudflows
A thorough examination of the site is currently under way
Heavy Rainfall Triggers Oil Spill in Uzbekistan’s Surkhandarya Region
Following the breach the ERIELL Group immediately launched emergency repair work
Trump Administration Renews Russian Oil Waiver to Combat Global Energy Crisis
This replaces a previous 30-day grace period that expired on April 11
Australian Refinery Blaze Amplifies National Fuel Supply Fears
Diesel prices in Australia have skyrocketed in recent weeks
South Korea Eyes Kazakh Oil to Bypass Middle East Instability
The volumes will be disclosed this week
Uzbekistan Boosts Oil Trade in Early 2026
Foreign trade hits $11.6 bn as Uzbekistan expands energy imports and strengthens global trade ties
Iran Says “Non-Hostile” Ships Can Pass Through Strait Of Hormuz
Vessels not involved in actions against Iran may pass safely
Trump Threatens to Strike Iran’s Power Plants Over Hormuz Standoff
The warning came just a day after he suggested the war could be scaled back
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
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