Published On 11 Mar 202611 Mar 2026 Click here to share on social media share2 Share plus2googleAdd Al Jazeera on Googleinfo The International Energy Agency has agreed to release 400 million barrels of oil from its members’ strategic reserves, in an attempt to counter soaring global energy prices amid the United States-Israeli war on Iran. … Read more
NewsFeed Attacks on key energy facilities in Qatar and Saudi Arabia, along with Iran blockading the Strait of Hormuz, are sending global oil and gas prices soaring. Analysts warn the disruptions could drive up energy costs worldwide, affecting gasoline, electricity, and heating. Al Jazeera’s Marah Rayan looks at the impact. Published On 4 Mar 20264 … Read more
NewsFeed Videos show smoke rising from a refinery operated by Saudi Aramco after a fire broke out, which Saudi officials say was caused by debris from an intercepted Iranian missile. Oil prices have surged sharply amid the disruption and the closure of the Strait of Hormuz, raising fears over global supply. Published On 2 Mar … Read more
NewsFeed Footage from near the Strait of Hormuz shows a Palau-flagged oil tanker ablaze after what Oman’s maritime security centre said was a hit from an unidentified projectile. At least three ships have been struck in the area. More than 150 others have dropped anchor to avoid entering the strait. Published On 1 Mar 20261 … Read more
Hungary announced on Feb. 20 that it will block the European Union’s 90-billion-euro ($107 million) loan to Ukraine until Russian oil flows via the damaged Druzhba pipeline resume. The move comes amid rising tensions between Ukraine and Hungary, one of the EU’s most Kremlin-friendly states, and comes only days before the four-year anniversary of Russia’s … Read more
DUBAI, United Arab Emirates — Iran seized two foreign oil tankers in the Persian Gulf on Thursday, state television reported, claiming the vessels had been smuggling fuel. The report did not provide a nationality of the tankers or say what flag they were flying under. Gen. Heidar Honarian Mojarrad, a regional commander with the Revolutionary … Read more
India is not importing significant amounts of Iranian oil owing to US sanctions, as it turned to Russia for supplies. Published On 1 Feb 20261 Feb 2026 Click here to share on social media share2 Share United States President Donald Trump claims India will now buy Venezuelan oil after tussles last year over the South … Read more
Caracas says it is opening up the sector to private players. It all started with a direct US attack on Venezuela earlier this month. Back then, US President Donald Trump made it clear that he was only interested in the country’s substantial oil reserves. On Thursday, the government in Caracas announced a massive overhaul of … Read more
President Donald Trump aims to control and revive Venezuela’s oil industry. Critics call it modern-day colonialism. A nation with the world’s largest oil reserves, Venezuela is now at the centre of a high-stakes economic power play over energy supply – with global ramifications. The United States says it will control the sales and revenue of … Read more
BREAKINGBREAKING, US president says oil will be sold at market prices and that he will control resulting the revenues. Published On 7 Jan 20267 Jan 2026 Click here to share on social media share2 Share United States President Donald Trump has announced that Venezuela will turn over between 30 and 50 million barrels of sanctioned … Read more