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US, Venezuela Sign 20‑Year Oil Partnership, Granting Limited Sanctions Relief
On Monday, the United States and Venezuela announced a new agreement that will expand U.S. access to Venezuelan oil reserves under a private‑investment fra
Oil & Energy 143 stories
World
Algeria declares three days mourning after Jijel wildfires kill 12.
Algerian President Abdelmadjid Tebboune announced on Thursday that the nation will observe three days of official mourning after a series of wildfires ripp
World
SK Gas Pays Record $5.3 million for Panama Canal Slot Before El Niño Limits
South Korean energy trader SK Gas paid a record US$5.3 million on 26 August for a priority transit slot for its LPG tanker G. Spirit through the Panama Can
World
Iran rejects UN draft, bans warships in Strait of Hormuz
Iran’s deputy foreign minister, Kazem Gharibabadi, told reporters on Monday that Tehran will not permit any military vessels to transit the Strait of Hormu
World
Iran, Oman discuss temporary joint shipping corridor for Hormuz
Iranian Foreign Minister Abbas Araghchi and his Omani counterpart, Badr bin Hamad Al Busaidi, told reporters on Thursday that their two governments had beg
World
U.S. Treasury Launches “Operation Economic Outcast” Sanctions Against Iran
U.S. Treasury Secretary Scott Bessent unveiled “Operation Economic Outcast” on Thursday, announcing a coordinated set of sanctions aimed at further isolati
World
Iranian rial hits historic low of 2.02 million per dollar as US sanctions loom
The Iranian rial hit a new historic low on Tuesday, slipping to 2.02 million rials per U.S. dollar, the worst rate ever recorded for the currency. The plun
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Iran blacklists 45 tankers for alleged Strait of Hormuz rule violations
Iran’s Persian Gulf Strait Authority announced on X that it has placed 45 tankers on a blacklist for allegedly violating the nation’s crossing rules in the
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Iranian parliament committee backs draft law to charge Strait of Hormuz tolls
Tehran’s parliament moved a step closer to monetising its most strategic maritime chokepoint on Monday, when the National Security and Foreign Policy Commi
World
Kazakhstan's Election Commission Reports Candidate Nurlanov Leads with 71% Vote
The Central Election Commission of Kazakhstan announced yesterday that presidential candidate Ädilet Nurlanov secured 71 percent of the vote in the nation’
World
Four northbound, three southbound vessels cross Strait of Hormuz, satellite shows
Recent satellite‑derived figures released by the maritime data firm Kpler indicate that seven vessels transited the Strait of Hormuz over the past 24 hours
World
Kazakhstan Holds First Unicameral Parliamentary Election After Constitutional Reform
Kazakhstan held a nationwide election on Saturday to fill all 145 seats in the first convocation of its newly created unicameral parliament, the Kurultai,
World
Explosion in Idlib village kills three, injures six residents
A blast at a residential house in the Ain al‑Qasab village of Idlib province on Sunday night killed three people and left six others wounded. The explosion
World
Pakistan Army Kills 49 Taliban and BLA Fighters in Khyber Pakhtunkhwa Raid
Pakistani forces carried out a coordinated raid on several militant hideouts in Khyber Pakhtunkhwa on Tuesday, killing 49 fighters allegedly linked to the
World
Trump Announces Broad U.S. Sanctions, Declares Economic War on Iran
Washington, D.C., – On Thursday, President Donald Trump declared the launch of an “economic war” against the Islamic Republic of Iran, unveiling a sweeping
World
Explosion kills three, forces shutdown of Syria's Baniyas thermal power plant
An explosion ripped through the Baniyas thermal power plant in western Syria on Tuesday, killing three workers and prompting an emergency shutdown of the f
World
UAE Halts All Trade and Financial Relations Over Iran Missile Launch
The United Arab Emirates (UAE) announced on Tuesday that, after Iran launched two ballistic missiles toward its territory, it is immediately suspending all
World
Tanker Attacked by Iran in Strait of Hormuz Raises Tensions in the Region Again.
The third vessel owned by the Abu Dhabi National Oil Company (ADNOC) has been attacked while transiting through the Strait of Hormuz, according to reports
World
Iran and Azerbaijan Launch Joint Security Route for Shipping Through Strait.
Iranian Foreign Ministry spokesperson Esmail Baghaei stated that Iran and Oman have reached an agreement to establish a safe passage for ships passing thro
World
UAE Accuses Iran of Attacking Oil Tankers in Strait of Hormuz
On January 2024, two oil tanker ships owned by Abu Dhabi National Oil Company were attacked in the Strait of Hormuz, with the United Arab Emirates (UAE) ac
World
Syria's Transition Government Collaborates with IAEA to Clean Uranium Material Factory Hideout
Syrian Interim Government Confirms Collaboration with International Atomic Energy Agency to Clear Hidden Nuclear Material Facility This decision was made a
World
Iran, US Near Historic Deal to Guarantee Safe Passage through Strategic Strait.
Pakistan's Defense Minister Kavaja Asif has recently stated that an agreement between Iran and the United States is "imminent," including arrangements for
World
Russian Oil Facility in Geneva Hit by Ukrainian Drone Attack, 13 Killed, 39 Injured
At least 13 people have been killed and 39 others injured in a Ukrainian drone attack on an oil mine in Nizhnevartovsk, Russia's Tatarstan Autonomous Repub
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India Successfully Repatriates Over 4,000 Crew Members, Ensures Smooth Passage Through Hormuz Strait
Indian Shipping Minister Sarbananda Sonowal announced yesterday that more than 4,000 Indian seafarers have successfully been repatriated and 62 Indian vess