Middle East

US Navy fires at and boards Iranian-flagged cargo ship (VIDEOS)
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US Navy fires at and boards Iranian-flagged cargo ship (VIDEOS)

An American warship disabled the vessel’s engine before Marines boarded it, CENTCOM has said Published 19 Apr, 2026 22:13 |…
EU delays proposal to completely ban Russian oil imports amid Iran war
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EU delays proposal to completely ban Russian oil imports amid Iran war

The proposal, due to be unveiled in mid‑April, was reportedly dropped from the agenda because of “current geopolitical developments” Published…
India buys Russian oil at premium amid Strait of Hormuz disruption
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India buys Russian oil at premium amid Strait of Hormuz disruption

Indian refiners have reportedly payed above benchmark prices for about 60 million barrels for April delivery Published 25 Mar, 2026…
European countries could face fuel shortages next month, Shell CEO warns
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European countries could face fuel shortages next month, Shell CEO warns

The Iran war is set to hit diesel and gasoline supplies starting next month, Wael Sawan has warned Published 25…
Iran war repair costs hit $58 billion as energy damage surges, Rystad says
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Iran war repair costs hit $58 billion as energy damage surges, Rystad says

US-Israel strikes and Tehran’s retaliation are pushing oil and gas facility damage costs toward $50 billion, Rystad Energy projects Published…
France facing fuel crunch triggered by Middle East war
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France facing fuel crunch triggered by Middle East war

Hundreds of sites have run dry across the country after price caps triggered a surge in demand amid Middle East…
ExxonMobil and Chevron have reported an output drop amid Iran war disruption
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ExxonMobil and Chevron have reported an output drop amid Iran war disruption

Exxon and Chevron have both disclosed production declines which resulted from the Iran conflict Published 9 Apr, 2026 17:58 |…
IMF warns of lasting economic damage from the war in the Middle East
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IMF warns of lasting economic damage from the war in the Middle East

Disruptions to oil and gas supplies will leave lasting “scars” on the world economy, managing director Kristalina Georgieva has said…
IMF raises Russia GDP forecast for 2026
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IMF raises Russia GDP forecast for 2026

The economy is forecast to expand 1.1% this year on higher energy prices due to Middle East disruptions Published 14…
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