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crude oil

In this photo released by official website of the office of the Iranian Presidency on April 16, 2017, a part of the South Pars gas field facility is seen after being inaugurated by President Hassan Rouhani, on the northern coast of Persian Gulf, Iran. (Iranian Presidency Office via AP)
August 11, 2026, 2:01 pm
Iran says it will up gas output by next month as regime repairs damaged facilities
Oil ministry says 95 million cubic meters of lost daily output to be restored by end of September; global energy prices rise as hopes fade for US-Iran deal to open Hormuz
By Agencies
This picture shows ships sailing near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan on July 13, 2026. (AFP)
July 17, 2026, 10:24 am
Strait of Hormuz transits drop as US and Iran escalate attacks across Gulf
Just three commodity vessels cross the vital waterway on Thursday, down from 11 the previous day, while crude carriers and liquefied natural gas tankers stay away entirely
By Reuters
A board above the trading floor of the New York Stock Exchange displays the closing number for the Dow Jones industrial average, June 16, 2026. (AP Photo/Richard Drew)
June 17, 2026, 1:12 pm
Oil prices fall, stocks rise amid optimism over US-Iran deal, reopening of Hormuz
Crude prices dropped as much as 10% after agreement announced, though expert says a failure to sign a lasting, long-term agreement ‘could rapidly reverse the recent decline’
By AFP
People ride bicycles past a digital board displaying fuel prices near a gas station in Sofia, Bulgaria, on May 6, 2026. (Nikolay DOYCHINOV/AFP)
June 8, 2026, 4:26 pm
Oil prices surge amid Israel-Iran escalation, tech stocks dive
Brent crude jumps over $5 to $94 a barrel, while benchmark US crude rises $1 to $91; Samsung down more than 10%, rival SK hynix dips 7.7%
By Agencies and ToI Staff
A view of the Tel Aviv Stock Exchange on November 29, 2020. (Miriam Alster/FLASH90)
June 8, 2026, 12:38 pm
Tel Aviv shares drop, shekel recedes against dollar as fighting with Iran resumes
Crude prices jump over 4%, compounding dips in European and Asian markets, as financial and insurance indices lead losses on Tel Aviv Stock Exchange
By Sharon Wrobel and Agencies
View of the Europe Asia Pipeline Company's oil terminal in the southern city of Eilat, January 14, 2022. (Noam Revkin Fenton/Flash90)
May 13, 2026, 10:32 am
State bodies, NGOs up in arms over oil company’s plan to move into fiber optics
Opponents say law limits Europe Asia Pipeline Company to transporting, storing crude oil; EAPC insists project will make Israel a regional communications hub
By Sue Surkes
Illustrative: Plush toys are displayed at a Camp store in New York. Camp, November 21, 2019. (AP Photo/Mark Lennihan)
April 25, 2026, 3:19 am
From soft toys to bandages, Iran war may drive up cost of petroleum-derived goods
While rising cost of travel is most visible effect of war, experts say supply chains will be pressured if oil holds above $90 per barrel, impacting thousands of consumer items
By Anne D'Innocenzio
A woman walks past a billboard that shows a graphic depicting a military personnel's hand holding the Strait of Hormuz in his fist with signs which read in Farsi: 'In Iran's hands forever,' 'Trump couldn't do a damn thing,' and 'The control of Strait of Hormuz will be Iran's forever,' in Vanak Square, in northern Tehran, Iran, April 16, 2026. (AP/Vahid Salemi)
April 17, 2026, 9:05 pm
After Lebanon truce, Iran says Hormuz ‘completely open’; US maintains naval blockade
Trump hails move but keeps naval blockade on strait, says mine-clearing operations underway; oil prices tumble, though shipping firms, US Navy and EU warn situation remains unstable
By Jacob Magid and 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
The NISSOS CHRISTIANA crude oil tanker was spotted off Israel's Mediterranean coast on the shipping site MarineTraffic on March 22, 2026. (Screenshot/Youtube)
March 23, 2026, 1:14 pm
Israel has sufficient oil and petroleum reserves, for now — energy expert
But with costs rising, gasoline prices could go up by NIS 1 per liter, or $1.21 per gallon, next month unless Finance Ministry cuts fuel tax to soften the pinch
By Sue Surkes
Illustrative: Shoppers evacuate Jerusalem's Mahane Yehuda market and seek shelter as an air raid siren goes off on March 13, 2026. (Chaim Goldberg/FLASH90)
March 17, 2026, 5:28 pm
For Israeli consumers, Iran war will likely fuel price hikes well beyond the pump
Already paying for war directly, Israelis facing prospect of higher costs for food and other goods due to energy crunch, which could spike inflation and cause economic downturn
By Sharon Wrobel
A photograph shows the damage in the aftermath of a drone strike in the Seef district of Manama, Bahrain, on March 10, 2026. (AFP)
March 10, 2026, 7:44 pm
Iran keeps up attacks on Gulf states, says not a ‘single liter of oil’ will ship out
Woman killed, 8 people wounded in strike on residential building in Manama, Bahraini authorities say; Abu Dhabi state oil giant said forced to shutter refinery due to drone attack
By Agencies and ToI Staff
Prices are displayed at a gas station in London, March 9, 2026. (AP Photo/Alberto Pezzali)
March 9, 2026, 8:24 pm
Iran war puts at risk key pipelines, terminals, refineries that supply world’s oil and gas
Critical infrastructure forced to shut down due to missile, drone strikes and threats to shipping routes, driving international benchmark Brent crude up to almost $120 on Monday
By David McHugh
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
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
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