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Iranian oil

Two women from the Iranian Red Crescent Society stand as a thick plume of smoke from a US-Israeli strike on an oil storage facility late Saturday rises into the sky in Tehran, Iran on March 8, 2026. (AP Photo/Vahid Salemi)
May 12, 2026, 3:14 am
UAE secretly launched strikes on Iran during war, attacked oil refinery — report
April attack on Persian Gulf site only specific instance mentioned in report; US said to welcome Abu Dhabi’s involvement after other Gulf countries refused to join war effort
By ToI Staff and Reuters
This photo from March 12, 2017, shows a an Iranian oil facility on Kharg Island, on the shore of the Persian Gulf. (AFP Photo/Atta Kenare)
April 23, 2026, 4:45 pm
Iran economy looks set to withstand US naval blockade, analysts say
US closure of Iranian ports might pinch, but is seen as taking weeks if not months to have a significant impact, rather than immediate collapse touted by Trump
By Callum PATON
A woman talks on her cellphone as she walks past a billboard showing 20th century national hero Rais Ali Delvari, right, and slain IRGC navy chief Alireza Tangsiri, who was killed in the US-Israeli strike in late March 2026, on a building in Tehran, Iran, April 20, 2026. (AP Photo/Vahid Salemi)
April 23, 2026, 1:48 pm
Iran says it won’t reopen Strait of Hormuz as long as US is blockading ports
Parliament Speaker Ghalibaf, who has led Iran’s delegation at talks, says opening key waterway ‘not possible amid blatant violation of ceasefire’; report says 34 tankers have evaded US blockade
By AFP and ToI Staff
Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, March 11, 2026. (AP/Altaf Qadri,File)
April 14, 2026, 11:52 pm
US says it won’t renew temporary ease on Iran oil sanctions that expires Sunday
Move is to maintain ‘maximum pressure’ on Tehran, after last month’s ease aimed to keep energy prices at bay amid Hormuz chokehold
By Agencies
The Liberia-flagged tanker Shenlong Suezmax, carrying crude oil from Saudi Arabia, that arrived clearing the Strait of Hormuz, is seen at the Mumbai Port in Mumbai, India, March 12, 2026. (AP Photo/Rafiq Maqbool)
April 2, 2026, 4:42 pm
Oil prices jump over 7% after Trump vows to continue strikes on Iran
Brent crude futures head for biggest daily gains in weeks, as markets fear Strait of Hormuz will remain closed
By Reuters and ToI Staff
This handout image taken by the European Space Agency, captured by the Copernicus Sentinel-2 satellite, shows a view of Iran's Kharg Island, which hosts the country's main crude export terminal and is responsible for the overwhelming majority of its oil shipments to the world, about 30 kilometers south of the mainland in the north of the Gulf, on March 7, 2026. (European Space Agency/AFP)
March 30, 2026, 5:26 pm
Kharg Island is key to Iran’s oil exports, but targeting it would carry major risks
A threatened US ground operation to seize control of the energy hub would put troops just 21 miles off Iran’s coast, within range of missiles and drones
By SAM METZ
US President Donald Trump (center) walks to board Air Force One, March 20, 2026, at Joint Base Andrews, Maryland. (AP/Mark Schiefelbein)
March 27, 2026, 9:18 am
Taking Kharg Island is seen as key to opening Hormuz. There are better options
US Marines are heading to region as Trump looks for a way to open Hormuz. Taking Iran’s energy hub might seem enticing, but it’s a costly, uncertain way to pressure Tehran
By Lazar Berman
Illustrative: This picture taken on October 31, 2022, shows an oil tanker seized by Iranian naval forces at the Gulf port of Bandar Abbas in southern Iran. (IRNA / AFP)
March 21, 2026, 4:00 am
US okays temporary trade of oil from Iran already at sea to curb supply crisis
Treasury secretary says easing of sanctions will allow Iranian oil loaded onto tankers before March 20 to be delivered until April 19, expanding supply to world
By AFP
Footage shows the aftermath of an IDF strike on the South Pars gas field on the northern coast of the Persian Gulf, in Asaluyeh, Iran, on March 18, 2026. (Social media, used in accordance with Clause 27a of the Copyright Law)
March 18, 2026, 8:41 pm
Israel strikes major Iranian gas field; Tehran vows to hit Gulf energy sites in kind
Impact expected to be far-reaching, with Brent crude soaring to over $108 a barrel; Qatar, UAE condemn ‘irresponsible’ escalation as Iran warns it will take ‘an eye for an eye’
By Emanuel Fabian, Nava Freiberg, Lazar Berman, Jacob Magid, ToI Staff and Agencies
A man walks past an electronic quotation board displaying numbers of the Nikkei Stock Average on the Tokyo Stock Exchange along a street in Tokyo on March 9, 2026. (Philip FONG / AFP)
March 9, 2026, 4:56 pm
Stock markets worldwide quake after oil prices briefly spike to almost $120 a barrel
With traffic frozen in Strait of Hormuz amid US-Israeli war with Iran, a barrel of Brent crude hit $119.50 on Monday, its highest price since Russia invaded Ukraine in 2022
By STAN CHOE
Clothes clips covered in soot from burned fuel are seen as smoke from a strike on an oil facility lingers in the cloudy sky over Tehran, Iran, March 8, 2026. (AP Photo/Vahid Salemi)
March 8, 2026, 12:24 pm
Black clouds over Tehran rain down oil drops after Israel strikes oil facilities
IDF says fuel depots served Iran’s military infrastructure, as Iranian Red Crescent warns that contaminated precipitation ‘is extremely dangerous’
By Agencies and Emanuel Fabian
US President Donald Trump (R) shakes hands with Prime Minister Benjamin Netanyahu as Trump listens to a question from a reporter at the end of a news conference at Mar-a-Lago, on December 29, 2025, in Palm Beach, Florida. (AP Photo/Alex Brandon)
February 14, 2026, 11:23 pm
PM and Trump reportedly agree to ‘full force’ economic pressure campaign against Iran
Blocking Iranian oil exports to China among the options, US official tells Axios; Geneva to host next round of US-Iran talks, though second American official sees ‘zero chance’ of deal
By ToI Staff
Iranian oil tanker Fortune is anchored at the dock of the El Palito refinery near Puerto Cabello, Venezuela, May 25, 2020. (AP/Ernesto Vargas)
December 19, 2025, 8:38 am
US imposes sanctions on 29 ‘shadow fleet’ tankers carrying Iranian oil
Targeted vessels and companies have transported hundreds of millions of dollars of petroleum via deceptive shipping practices, US Treasury says
By Reuters and ToI Staff
Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes, on June 23, 2025. (Giuseppe CACACE / AFP)
September 2, 2025, 9:20 pm
US sanctions network for transporting Iranian oil as nuclear talks remain stalled
Treasury says blacklisted businesses operate primarily by covertly blending Iranian oil with Iraqi oil, then marketing it solely as Iraqi
By Reuters and ToI Staff
A picture taken on March 12, 2017, shows an oil facility in the Khark Island, Iran, on the shore of the Gulf. (Atta Kenare/ AFP)
August 22, 2025, 6:11 am
US and UK each impose fresh sanctions on Iran, with focus on Iranian oil exports
American sanctions target Greek national and his network of companies and vessels, while Britain blacklists son of senior Khamenei adviser and several companies
By Reuters
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