oil

Reports describe what is being called the most massive Ukrainian drone attack on Moscow to date, with a major oil refinery among the targets said to have been hit. The strike, if confirmed, would mark one of the largest aerial operations against the Russian capital since the war began and a significant blow to Russian refining capacity.

Russia has begun rationing fuel following a massive Ukrainian drone strike that damaged key energy and refining infrastructure. Reports say Ukrainian long-range drone technology is outpacing Russian defences, hitting oil facilities deep inside Russian territory. The shortage is forcing regional authorities to limit petrol and diesel supplies, exposing vulnerabilities in Russia's fuel logistics and war economy as the conflict grinds on.

Iran is shifting trade routes north to the Caspian Sea as the war has impaired shipping through the Strait of Hormuz, the main artery for its commerce and oil exports. The rerouting marks a significant logistical adjustment, with goods moving overland to Caspian ports for onward trade. Observers are weighing how sustainable the alternative route is and what the disruption to Hormuz means for regional and global trade.

President Donald Trump said the conflict with Iran will be over 'soon' and predicted oil prices will plunge once it ends. His comments come as markets watch the Middle East conflict closely, with energy prices sensitive to any escalation or de-escalation. Observers are weighing whether the forecast reflects genuine expectations of a rapid resolution or an attempt to calm markets.

Iran has put forward a seven-day plan that would reopen the Strait of Hormuz and see nuclear talks resume within a week, according to a report carried by Al Jazeera. The proposal ties freedom of navigation through the strategic waterway to a restart of diplomacy over Iran's nuclear programme. The Strait of Hormuz is a critical chokepoint for global oil shipments, so any move affecting it draws close attention from energy markets and world governments.

Ukraine's defence ministry says its forces struck six strategic Russian oil refineries over the past week, some up to 1,600 km behind the front line. It describes the facilities as key parts of Russia's defence industry supplying fuel to occupation forces, framing the campaign as retaliation for Russian strikes on Ukrainian territory.

Iran has signalled support for diplomatic engagement while Saudi Arabia's foreign minister called for a return to the situation in the Strait of Hormuz as it stood before February 28. The comments point to efforts to defuse regional tensions around the key oil shipping route, with Riyadh pushing to restore prior arrangements and Tehran voicing openness to dialogue.

The White House says Iran has 'backed down' to President Trump by agreeing to a ceasefire, framing the deal as a victory following recent hostilities between the two countries. The claim came as news of the truce spread, with officials presenting Iran's agreement as evidence of pressure from the US administration. Details of the ceasefire terms and Iran's response have not been fully outlined.

The United States has helped double the volume of oil leaving the Gulf, with the US military now guiding tankers through shipping lanes in broad daylight. The move marks a shift from covert to openly escorted maritime operations, aimed at securing a critical energy corridor. Observers see it as a signal of Washington's commitment to keeping Gulf oil exports flowing amid regional tensions.

Iran is pressing a diplomatic opening over the Strait of Hormuz, but Donald Trump has rejected a peace proposal tied to the strategic waterway. The standoff leaves tensions unresolved in a region where any disruption to the strait would threaten global oil shipments. Observers are watching whether further diplomatic channels remain open between Tehran and Washington.

Following this week's summit between Donald Trump and Xi Jinping, China has frozen Iran's money held there, according to claims circulating widely. Commentators note the significance: China previously bought around 90% of Iran's oil exports before Trump's blockade, so the move is being read as a major diplomatic shift and a sign of changed global alignments.

Iran is pressing for a diplomatic resolution to the Strait of Hormuz dispute after US President Donald Trump rejected a proposed peace plan, insisting that only a negotiated solution can resolve tensions over the strategic waterway. The rejection has sharpened focus on the risk of confrontation in a passage that carries a large share of the world's oil, with observers watching whether diplomacy can still prevail.

French President Emmanuel Macron announced that France will send soldiers and air defense systems to Saudi Arabia to help protect Yanbu's critical oil-export facilities from Houthi attacks. He did not rule out an additional French Air Force fighter deployment as well. The move marks a significant expansion of France's military role in the region and its security cooperation with Saudi Arabia.

US stock futures are being closely watched following President Trump's decision on Iran, with investors assessing the implications for oil prices, geopolitics and market stability. Coverage from financial outlets highlights uncertainty over how Middle East tensions will shape trading when markets open, as traders weigh the risk of escalation against hopes for de-escalation.

British authorities reportedly prevented a suspected terror plot near a US military base in the UK. Few details have been released about the suspects, the target, or how the operation unfolded, but the reported connection to an American installation has drawn attention given heightened security concerns around US military sites in Britain.

US President Donald Trump has rejected an Iranian proposal to reopen the Strait of Hormuz within a week, according to i24NEWS. The waterway is a critical artery for global oil shipments, and Tehran's offer came amid heightened tensions over shipping access. The rejection leaves uncertainty over the strait's status and is drawing attention from markets and governments watching energy supply risks.

Donald Trump says he expects further talks between the United States and Iran to take place this week, with diplomacy between the two countries continuing. The comments point to ongoing efforts to reach an agreement despite long-standing tensions, and are being closely watched for their impact on regional stability and oil markets.

Iranian officials say they remain committed to their proposal concerning the Strait of Hormuz even after Donald Trump publicly rejected it. They noted that although they were aware of Trump's comments dismissing the plan, which would open the strategic waterway, Tehran has received no formal message officially rejecting it, leaving the diplomatic status of the proposal ambiguous.

Oil prices dropped as hopes grew for renewed diplomatic talks between the United States and Iran. Traders weighed the prospect of eased tensions, which could reduce supply risks in the region and potentially open the door to more Iranian oil on world markets. Analysts are watching whether negotiations materialize and how far prices might fall if a deal becomes more likely.

Donald Trump declared 'we got them' after authorities foiled a suspected terrorist plot targeting a UK airbase. The claim came shortly after reports of an apparent plot being disrupted, though details about the suspects and the nature of the threat remain limited. The comments have drawn attention given the sensitivity of US-UK security cooperation and Trump's direct public framing of the operation.

President Donald Trump has rejected a proposal from Iran to reopen the Strait of Hormuz, the critical shipping chokepoint for much of the world's oil. The refusal keeps tensions high between Washington and Tehran, with observers watching closely for any impact on global energy markets and shipping through the Gulf.

Global crude prices are holding above $105 per barrel as maritime security risks in the Strait of Hormuz disrupt shipping routes. International markets are adjusting to delays along one of the world's most critical oil transit chokepoints, and analysts are weighing what sustained escalation would mean for fuel prices and inflation worldwide.

Iran says it remains committed to diplomatic solutions after Donald Trump rejected a peace plan concerning the Strait of Hormuz. Tehran's stance signals it still seeks negotiation despite Washington's dismissal of the proposal. The exchange keeps attention on tensions in the Persian Gulf, where the Strait of Hormuz remains a critical chokepoint for global oil shipments.

Donald Trump has rejected an Iranian proposal to reopen the Strait of Hormuz, while Tehran insists that diplomacy is the only path forward in the standoff. The dispute centers on the strategic waterway, a critical artery for global oil shipments. The exchange underscores continued tensions between Washington and Tehran, with both sides signaling hardened positions even as Iran publicly keeps the door open to negotiations.

The European Union is reportedly considering postponing its methane emissions rules by one year. The rules, part of the bloc's effort to cut methane leaks from the energy sector, would affect oil and gas producers, including exporters shipping to the EU market. A delay would be significant for energy companies preparing to comply and for climate advocates pushing for faster emissions cuts. Details on the reasoning behind the proposed postponement remain limited.

President Donald Trump has rejected an Iranian proposal that would have opened the Strait of Hormuz and brought an end to fighting between the two countries. The strait is a critical artery for global oil shipments, and the rejection keeps tensions high and raises questions about the risk of further escalation in the region. Markets and governments are watching closely for Tehran's next move.

Iran says it will press ahead with its plan regarding the Strait of Hormuz despite Washington's rejection of the proposal. The strait is a critical chokepoint for global oil shipments, so any Iranian move there carries major implications for energy markets and regional security. Tensions between Tehran and Washington continue to drive debate over shipping safety and possible escalation in the Gulf.

A Deutsche Welle analysis examines Saudi Arabia's outsized role in the global economy, pointing to its position as the world's largest crude oil exporter and the influence that gives Riyadh over energy prices, inflation and growth prospects worldwide. The piece highlights how the kingdom's production decisions, its Vision 2030 investment agenda and its ties with major economies shape markets far beyond the Gulf region.

Donald Trump said he has turned down an Iranian proposal to reopen the Strait of Hormuz, the critical oil shipping waterway between Iran and the Gulf states. The announcement has drawn attention because the strait carries a large share of the world's oil, and any closure or reopening carries major implications for energy prices and regional security.

Iran is waiting for a United States response to a proposal concerning the reopening of the Strait of Hormuz, according to Daily Sabah. The report, flagged in coverage tagged to nuclear topics, offers no further details on the plan's terms, who drafted it, or what closing of the strategic waterway it refers to. The Strait of Hormuz is a critical chokepoint for global oil shipments, so any move affecting its status draws wide attention.