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Illustrative: A worker collects engine oil as he works at a degassing station in the Zubair oil field near Basra, Iraq, on March 28, 2026. (AP Photo/Leo Correa)
May 15, 2026, 10:21 am
Iraq seeking assistance from IMF and World Bank after oil income slashed by Iran war
Talks commenced during global lenders’ meeting in Washington last month, and are expected to be finalized once a new government assumes power in Baghdad, officials say
By Andrea Shalal and Muayad Hameed Suad
Royal Saudi Air Force F-15s provide an honorary escort for Air Force One, with US President Donald Trump aboard, as it arrives in Saudi Arabia, May 13, 2025. (Alex Brandon/AP)
March 26, 2026, 2:56 pm
Saudi Arabia stoic amid Iran war, but attacks on Red Sea ports could change that
If Iranians carry out threat to hit Bab al-Mandeb Strait, kingdom’s remaining shipping route for oil exports, Riyadh would likely retaliate immediately, experts say
By David Stout and Sofiane Alsaar
High gas prices are listed at Chevron gas station in Los Angeles on March 9, 2026. (Frederic J. BROWN / AFP)
March 10, 2026, 8:00 am
Oil prices plunge after Trump predicts quick end to Middle East war
G7 nations weigh releasing emergency reserves as Washington explores easing Russian oil sanctions to curb global price spike
By Anushree Mukherjee and Emily Chow
A thick plume of smoke rises from an oil storage facility hit by a strike in Tehran, Iran, Sunday, March 8, 2026. (AP Photo/Vahid Salemi)
March 9, 2026, 9:58 am
Crude oil prices spike above $115 a barrel as Iran conflict disrupts production, shipping
Asian stock markets plunge as several nations cut oil production amid attacks by Iran and threat to export routes, including key Strait of Hormuz
By AP
This screen grab taken from a video posted on the X account of US Secretary of Homeland Security Kristi Noem shows a US Coast Guard aircraft flying over a crude oil tanker, last docked in Venezuela, before apprehending it on December 20, 2025. (Handout / US Secretary of Homeland Security Kristi Noem's X account / AFP)
December 21, 2025, 9:46 pm
US pursuing third oil tanker near Venezuela, officials say
Move follows Trump’s declaration of blockade on sanctioned Venezuelan oil; seizures may affect oil prices, analysts say
By Idrees Ali, Steve Holland and Helen Coster
Damage at the Bazan Group's oil refinery in Haifa Bay, northern Israel, after it was hit by an Iranian missile between June 15-16, 2025. (Used in accordance with clause 27a of the copyright law)
June 29, 2025, 11:12 pm
Haifa oil refinery partly reopens after shutdown caused by deadly Iran strike
The company, Bazan, tells regulator it will likely resume full operations in October; missile impact killed three employees
By Reuters and ToI Staff
File: A natural gas refinery at the South Pars gas field on the northern coast of the Persian Gulf, in Asaluyeh, Iran, on March 16, 2019. (Vahid Salemi/AP)
June 19, 2025, 12:11 pm
Why Israel-Iran tensions might not raise prices at the pump as much as feared
In post-COVID recovery, OPEC has millions of barrels of oil available, while International Energy Agency has another million in reserve
By Reuters and ToI Staff
Pakistanis watch a news channel telecasting report about the Israeli attacks on Iran, in Peshawar, Pakistan, on June 13, 2025. (AP/Muhammad Sajjad)
June 13, 2025, 12:44 pm
Oil prices surge, stocks fall, as Mideast braces in wake of Israel’s attack on Iran
Oil spikes 12%, most since January, but lowers slightly after Iran says its main refineries and depots were unaffected; equity futures, bond yields sink
By AFP
An Iranian military speedboat patrols the waters as a tanker prepares to dock at the oil facility on Khark Island, Iran, on March 12, 2017. (Atta Kenare/AFP)
February 6, 2025, 8:23 pm
First new US sanctions under Trump target network delivering Iranian oil to China
Measures against alleged front company for Iranian military come after Trump signs order resuming ‘maximum pressure’ campaign, aimed at ‘driving Iran’s oil exports to zero’
By AFP
US President-elect Donald Trump arrives at an election night watch party at the Palm Beach Convention Center, in West Palm Beach, Florida, November 6, 2024. (Evan Vucci/AP)
November 6, 2024, 11:52 pm
Trump may restrict Iranian oil but China might not play along, analysts say
US president-elect says he believes in enforcing sanctions and then removing them, expected to ease clamps on Russian energy
By Reuters
Illustrative: Iranian oil tanker Fortune is anchored at the dock of the El Palito refinery near Puerto Cabello, Venezuela, May 25, 2020. (AP Photo/Ernesto Vargas)
October 28, 2024, 1:26 pm
Oil prices fall after Israel avoids energy sites in its strike on Iran
Costs drop as much as 5% in early trade; analysts believe Tehran’s downplaying of attack signals wariness about escalation
By Agencies and ToI Staff
An oil tanker docks at the Europe Asia Pipeline Company port in Eilat in southern Israel, on May 4, 2021. (Shmulik Taggar)
May 30, 2024, 10:11 pm
Israel aims to boost Red Sea oil deliveries despite environmental risks
Government seeks to shore up economy amid wartime constraints; Eilat mayor, environmental regulators opposed, citing coral reef, history of oil spills
By Reuters and ToI Staff
An image shared by the IDF showing twelve oil tanks in which Hamas allegedly stores its reserves while the Gaza Strip is running out of fuel during the ongoing war with Israel, October 24, 2023. (IDF Arabic spokesman on X)
October 24, 2023, 7:10 pm
IDF says Gaza photos show half million liters of fuel held by Hamas
Through Arabic spokesman, military publishes images of tanks of fuel it says are being withheld from hospitals, tells Gazans they are not a priority for the terror group
By Gianluca Pacchiani and Agencies
A satellite image of the FSO Safer tanker moored off Ras Issa port, in Yemen, June 17, 2020. (Maxar Technologies via AP)
August 11, 2023, 8:13 pm
UN says oil safely moved off decaying Red Sea tanker, averting disaster
Oil now aboard replacement tank, putting looming fears of catastrophe to bed after years of warring sides blocking international operation
By AP
Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jeddah, Saudi Arabia, on March 21, 2021 (AP Photo/Amr Nabil)
August 7, 2023, 12:31 pm
Saudi oil giant Aramco reports $30b in Q2 profits, down nearly 40% from last year
Company still ranked second-biggest in the world by revenue, behind only Walmart and ahead of Amazon and Apple
By AP
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