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Oil

Latest news about the key commodity driving global economies, markets and energy policies

Iranian Foreign Minister Abbas Araghchi says indirect talks with the US are continuing through mediators Pakistan and Qatar. AFP

Araghchi says Strait of Hormuz will stay closed until US agrees to Iran's terms

GulfOctober 21, 2026
Pakistan's Field Marshal ​Asim Munir arrives for talks in Tehran. @PakistanFauj / X

No US peace talks without sanctions removal, Iran tells Pakistan

GulfOctober 20, 2026
A Houthi rebel in Yemen. Concern about the global economy is growing as the regional war persists. EPA

Oil prices hit five-month high as more Houthi attacks prompt supply fears

EnergyOctober 20, 2026
US Defence Secretary Pete Hegseth, left, has held talks with Israeli Prime Minister Benjamin Netanyahu. AFP

Hegseth meets Netanyahu in unannounced Israel visit amid Iran war concerns

MENAOctober 20, 2026
A Houthi fighter takes part in an offensive against Saudi-backed Yemeni forces in Jawf province. Photo: Reuters

Yemen fighting threatens to widen after Houthi attack on training camp

MENAOctober 19, 2026
An oil tanker sails near the Omani coast, in June. Reuters

Oman could become a cornerstone of Gulf energy security, but risks remain

EnergyOctober 19, 2026
Domestic tourists stand on the seaside promenade at Fort Kochi beach as the oil and chemical products tanker Anantha sails through the Arabian Sea after departing from a port in Kochi, India, on October 12, 2026. Getty Images

Oil transfers off India's west coast surge as Gulf shipping congestion worsens

EnergyOctober 15, 2026
Containers float in the water after Singapore-flagged GFS Pride sank in the Strait of Hormuz. Reuters

Fire, sinking and scramble for cargo: what we know about ship lost in Hormuz

GulfOctober 15, 2026
A petrol pump in Atlanta, Georgia. US diesel stocks ended last month at a 14-year seasonal low. Reuters

Diesel shortage to persist into 2027 as Iran war disrupts supply, IEA warns

EnergyOctober 14, 2026
Smoke rises from a fire at the Aramco refinery south of Riyadh. Reuters

Houthi attack hits Aramco's historic nerve centre in Saudi Arabia

EnergyOctober 14, 2026
Smoke rises from a Saudi Aramco refinery after an attack by the Houthi rebels in Yemen, on October 3. Reuters

Aramco building on fire after Saudi-led coalition hits Houthi site

GulfOctober 14, 2026
King Khalid International Airport in Riyadh has been the target of repeated Houthi attacks. Reuters

Saudi Arabia vows to remain strong after deadly Houthi attacks

GulfOctober 13, 2026
Ships wait near the Strait of Hormuz, where Iranian attacks have heavily disrupted commercial traffic. Getty Images

Hormuz attacks surge as Iran steps up campaign against US-backed oil shipping

GulfOctober 13, 2026
US Energy secretary Chris Wright said Gulf oil flows have recovered to as much as 90 per cent of prewar levels. Bloomberg

US says Hormuz oil flows recover to 14 million bpd despite Saudi attacks

EnergyOctober 12, 2026
Smoke rises from an oil refinery in Moscow after a reported Ukrainian drone strike. Attacks on Russian energy infrastructure have curtailed fuel exports, limiting the potential effect of a proposed energy ceasefire. Reuters

Why Trump’s Russia-Ukraine energy ceasefire may offer oil markets little relief

EnergyOctober 12, 2026
Saudi energy minister Prince Abdulaziz bin Salman Al Saud addresses the 25th WPC Energy Congress held in Riyadh on October 12, 2026. AFP
Play

Saudi Arabia says oil supply to continue to flow despite Riyadh attacks

EnergyOctober 12, 2026
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