Oil and gas

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How are Iran-linked tankers still moving through Hormuz blockade?

At least 19 Iran-linked tankers have passed through the US blockade on the strait to exit the Gulf while at least 15 have entered, according to the cargo-tracking group Vortexa.

Fishing and cargo ships and ferries are pictured in the Gulf off the Iranian port city of Bandar Abbas, which is the main base of the Islamic Republic's navy and has a strategic position on the Strait of Hormuz, on April 29, 2019.

Iran seizes two cargo ships in Hormuz after Trump extends ceasefire

The IRGC Navy’s seizure of two cargo vessels follows US Navy interdictions of two Iran-linked crude oil tankers in the Arabian Sea and the Indian Ocean earlier this week.

A picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on Feb. 6, 2017.

Analysis

Gulf energy deals face Iran war stress test as global expansion meets oil shock

ADNOC, Aramco and QatarEnergy have aggressively expanded their international portfolios in recent years, a strategy facing new constraints as the US-Israel-Iran war impacts Gulf production and exposes structural risks.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

A man walks past a screen displaying stock indices at the Dubai Financial Market stock exchange in Dubai, March 4, 2026.

Oil rises, Gulf stocks slide after Iran ship seizure throws truce into doubt

In a post on Truth Social on Sunday, US President Donald Trump said the US Navy fired at and seized an Iranian-flagged cargo ship in the Gulf of Oman.

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Analysis

How long can Iran's economy weather US naval blockade?

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In Bristol, reporting on regional business, climate change, AI, tech

Why are Wall Street banks posting record profits amid Iran war?

ANGELA WEISS/AFP via Getty Images

As US blockades Hormuz, China urges restraint, rejects call to ditch Iran oil

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Turkey launches first overseas drilling mission in Somalia: What to know

This picture taken on Oct. 19, 2020 in Istanbul shows Turkey's third drilling ship 'Kanuni' as it enters the bosphorus near Haydarpasa port.

A picture taken on Oct. 17, 2017, shows excess flammable gasses burning from gas flares at the Havana oil field, west of the multiethnic northern Iraqi city of Kirkuk.

Exclusive

Iraq seeks more compensation from Turkey, 'blocks' reopening of Kurds' oil pipeline

Disputes over oil revenues and arbitration claims have kept the Kurdish pipeline closed.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

The Iranian-flagged oil tanker Fortune is docked at the El Palito refinery after its arrival to Puerto Cabello in the northern state of Carabobo, Venezuela, on May 25, 2020.

US slaps sanctions on Iran's oil tankers, targets China 'teapot' refinery

Targets of the sanctions include a refinery allegedly purchasing Iranian oil from a vessel linked to Yemen's Houthi militant group.

Aerial view of shipyard dry dock maintenance and repair cargo ship transport and oil ships in Istanbul.

Turkey wants to export gas to Syria, Ukraine, energy minister says

In 2020, Turkey discovered the a massive gas field in Turkish waters of the Black Sea that would help it meet domestic needs and export the energy.

An oil refinery in the northern town of Ras Lanuf is seen in this photo, Libya, June 3, 2020.

Libya now politically stable, 'attractive' to foreign oil firms: NOC chairman

Since the ousting of longtime dictator Moammar Gadhafi in 2011, Libya’s oil sector has been unstable amid political unrest between two warring factions in the east and the west of the country.

Sultan Ahmed Al Jaber, President of COP28, speaks during the opening ceremony of the UNFCCC COP29 Climate Conference on Nov. 11, 2024 in Baku, Azerbaijan.

UAE’s XRG to make big investment in US energy, ADNOC chief says

Sultan Ahmed Al Jaber said his new low-carbon energy company wants to become a one-stop shop for gas in the United States.

United Arab Emirates

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024.

Saudi Aramco CEO warns of 'painful awakening' as energy costs rise

Amin Nasser said that green energy would not replace oil as demand for crude continues to grow, especially from the Global South.

AFP via Getty Images

Analysis

Why Iran oil sanctions on China may not prove as effective as Trump hopes

Washington has sanctioned entities in China and the United Arab Emirates involved in the trade of oil and drone components with Tehran.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Tadawul

Aramco to invest up to $58B in 2025 gas, renewables ventures, CEO says

Saudi Aramco is investing in an offshore gas field and new business areas such as lithium and blue ammonia, its CEO told stockholders.

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE’s ADNOC, Austria’s OMV merge businesses to create $60B plastics firm

Following the acquisition, the new firm, called Borouge Group International (BGI), will be the world’s fourth-largest polyofin company, said ADNOC and OMV.

United Arab Emirates

An oil tanker unloads imported crude oil at Qingdao port in China's eastern Shandong province on May 9, 2022. - China OUT (Photo by AFP) / China OUT (Photo by STR/AFP via Getty Images)

US sanctions on Iran’s 'shadow' oil fleet target brokers in UAE, China

The latest sanctions come after President Donald Trump pledged his administration would drive Iran's oil sales down to zero.

BEIJING, CHINA - NOVEMBER 9: Chinese President Xi Jinping and U.S. President Donald Trump attend a welcoming ceremony November 9, 2017 in Beijing, China. Trump is on a 10-day trip to Asia. (Photo by Thomas Peter-Pool/Getty Images)

Analysis

Why Iran's oil exports to China are surging despite Trump's 'maximum pressure'

Data from shipping analytics firm Kpler suggests Iran is offloading more crude from its floating storage off the coast of Malaysia and Singapore.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Traffic flows on a main road past electricity transmission towers in Tehran on December 16, 2024. Iran has suspended operations at several power plants over fuel shortages that have been intensified by rising demand during a spell of freezing weather. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Iranian officials trade blame as energy crisis, outages worsen: What to know

Unplanned power outages across Tehran in February have brought Iran’s energy crisis back into the spotlight, particularly as the country grapples with the strain of the maximum pressure sanctions campaign placed upon it by the United States.