oil
Middle East Roundup, Aug 14: Trump’s Hormuz claim sparks Iranian vow to retain control
The US president claims he would 'soon' declare the Strait of Hormuz waterway part of US territory after defeating Iran
4 DAYS AGO
Stocks up, oil down on Mideast deal hopes
Global stocks surge and oil prices fell as President Trump signal a possible Iran deal and eased military threats, boosting investor optimism despite lingering uncertainty from Tehran.
June 12, 2026
Pakistan sets highest single-well oil production record in its history
OGDCL has crossed 40,000 barrels per day for the first time in six years, with Kohat's Baragzai well reaching record levels.
April 22, 2026
South Korea secures extra 18m barrels of oil from UAE
South Korea will receive 18 million barrels of oil from the UAE through multiple channels, bypassing the Strait of Hormuz amid the US-Israel war on Iran, while securing emergency purchases and using strategic reserves to stabilize fuel supplies.
March 18, 2026
G7 energy ministers 'ready' to take 'necessary measures' on oil reserves
The Wall Street Journal reported Tuesday, citing officials familiar with the matter, that the IEA had proposed its largest-ever release of oil reserves to counter soaring crude prices driven by the US-Israeli war with Iran.
March 11, 2026
US forces board tanker in Indian Ocean after Venezuela blockade evasion
US forces boarded the Panama-flagged tanker Veronica III in the Indian Ocean after tracking it from the Caribbean, accusing it of violating sanctions on Venezuelan and Iranian oil, the Department of War said in a statement on X.
February 16, 2026