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Oil

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

The National

Shadi's take on disruption to the global economy

CartoonJuly 24, 2026

US Iran Houthi Red Sea Gif

Oil hits $100 for first time since May after Houthi attacks on Saudi ships

EnergyJuly 23, 2026

US forces have bombed targets in Iran for 11 straight nights. AFP

Oil prices hit six-week high on Hormuz and Red Sea supply disruption fears

EnergyJuly 22, 2026

Mark Nelson, second left, vice chairman of Chevron, and Ali Al Zaidi, second right, Iraq's Prime Minister, after a meeting in Houston, Texas. Chevron is among the US oil firms to have signed deals with Iraq. Bloomberg

Iraq secures energy deals worth $200bn during Prime Minister's US visit

EnergyJuly 22, 2026

Houthi supporters in Sanaa gather in front of a digital billboard displaying Bab Al Mandeb, a critical maritime chokepoint between the Red Sea and Gulf of Aden. EPA

Tankers carrying Saudi oil make U-turn in Red Sea after Houthi threats

GulfJuly 21, 2026

The National's editors and correspondents answer your questions on the breakdown of

47:05

What does the US-Iran escalation mean for the Gulf?

MENAJuly 21, 2026

Houthi military spokesman Brig Gen Yahya Saree on a TV screen in Sanaa, Yemen. EPA

Saudi oil loadings drop by 36% as Houthi threats disrupt Bab Al Mandeb passage

EnergyJuly 20, 2026

Vessels in the Strait of Hormuz, as seen from Musandam, Oman. The waterway has effectively been blocked again. Reuters

Inflation fears reignite as Gulf energy infrastructure comes under attack

EconomyJuly 20, 2026

The USS Donald Cook transits the Arabian Sea accompanied by an MH-60S Sea Hawk as American forces enforce a naval blockade against Iran. Photo: Centcom

Brent hits $90 as widening Middle East conflict rattles oil markets

EnergyJuly 20, 2026

The high cost of diesel has forced Cuban farmers to resort to ploughing their fields manually. AFP

Why diesel is the most vulnerable fuel when faced by geopolitical shocks

EnergyJuly 20, 2026

Argentina fans at the World Cup display a banner with a message referring to their country's claim to the Falkland Islands. Reuters

No VAR reviews: Argentina, the Falkland Islands and oil wins

EnergyJuly 19, 2026

Iraqi Prime Minister Ali Al Zaidi at the Iraqi-American Bilateral Chamber of Commerce joint economic dialogue forum held in Houston, Texas. Photo: Iraqi Prime Minister's Office

Iraq and Syria agree to revive defunct crude oil pipeline

EnergyJuly 17, 2026

A US warship launches an attack during a wave of strikes on Iran. Reuters

Oil prices post 16% weekly jump as US and Iran intensify attacks

EnergyJuly 17, 2026

The Rumaila oilfield in Basra could be linked to Jordan by two pipelines. Reuters

Strait of Hormuz crisis prompts Iraq and Jordan to revisit oil pipeline plan

MENAJuly 16, 2026

The US military's latest strikes included a 90-minute raid on Greater Tunb, a UAE island occupied and heavily fortified by Iran for decades. US NAVY/AFP

US now focused on degrading Iran's Strait of Hormuz threat

GulfJuly 16, 2026

The Hormuz gauntlet: Trump says strait is open, but will tankers risk it?

Running the gauntlet: Trump says strait is open, but will tankers risk it?

GulfJuly 15, 2026

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