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Trump postpones Iran energy strikes, citing productive talks as oil tumbles
President Trump announced a five-day postponement of U.S. military strikes on Iranian energy infrastructure. The decision follows productive conversations with...
IEA warns Iran war rivals 1970s shocks, as oil nears $113
IEA head Fatih Birol warned Monday that the energy crisis from the war in Iran rivals the 1970s oil shocks and the Ukraine war combined. The closure of the...
IEA weighs emergency oil release, following U.S. ultimatum to Iran
The International Energy Agency (IEA) is consulting member countries about a further release of emergency oil stockpiles. Executive Director Fatih Birol...
Oil prices surge, following Trump’s 48-hour ultimatum to Iran
Global oil prices surged after U.S. President Donald Trump issued a 48-hour ultimatum to Iran to reopen the Strait of Hormuz. Trump threatened the decimation...
US and Iran threaten energy infrastructure, as oil hits multi-year highs
The U.S. and Iran threatened direct attacks on regional energy infrastructure Sunday. President Donald Trump issued a 48-hour ultimatum to reopen the Strait of...
Trump Issues 48-Hour Iran Ultimatum, Threatening Power Plants as Oil Tops $100
U.S. President Donald Trump issued a 48-hour deadline on Saturday for Iran to reopen the Strait of Hormuz. Trump warned the United States will destroy Iranian...
US destroys Iranian missile bunker, securing oil routes as Brent hits $100
The U.S. military announced Saturday the destruction of an Iranian underground bunker threatening energy shipments through the Strait of Hormuz. U.S. Central...
S&P Global Warns of GCC Energy Risks After Strait of Hormuz Closure
S&P Global Ratings issued a report on March 21, 2026, identifying critical vulnerabilities in the Gulf Cooperation Council (GCC) energy sector. The effective...
IEA urges travel cuts, citing record oil disruption from Hormuz closure
The International Energy Agency (IEA) advised citizens on Friday to avoid air travel and work from home. This warning follows the largest supply disruption in...
U.S. Treasury permits stranded Iranian oil sales, fighting record energy crisis
U.S. Treasury Secretary Scott Bessent authorized the temporary sale of Iranian oil currently stranded at sea. This measure responds to a global energy crisis...
SoftBank and GE Launch 9.2 GW Gas Project for AI
A group of U.S. and Japanese companies formed the Portsmouth Consortium on March 21, 2026. The group will develop a 9.2 GW natural gas power project at the...
Tesla and LG launch $4.3B battery plant, boosting US energy security
Tesla and LG Energy Solution are investing $4.3 billion in a new battery plant in Lansing, Michigan. This facility aims to strengthen the domestic clean energy...
Iran Drones Strike Kuwaiti Refinery, Sending Brent Crude Toward $110
Iranian drones struck Kuwait’s Mina Al-Ahmadi refinery for a second day on Friday. The attack caused multiple fires and forced the shutdown of several units at...
Iran attacks Kuwaiti refinery as Israel hits Tehran, sparking US blockade fears
Iran launched a second consecutive drone attack on Kuwait’s Mina Al-Ahmadi refinery on March 20. The assault caused multiple fires at the facility....
Iran drones hit Kuwait’s largest refinery, retaliating for South Pars strike
Iranian drones struck Kuwait's Mina Al-Ahmadi oil refinery on Friday for the second consecutive day. The attack sparked fires across multiple units of the...
U.S. to release 140M barrels of Iranian oil, countering $100 crude surge
The U.S. government announced plans on March 20, 2026, to release approximately 140 million barrels of sanctioned Iranian oil. Treasury Secretary Scott...
ExxonMobil production hit, following Iranian strikes on Saudi and Qatari facilities
Iranian military strikes damaged ExxonMobil-linked energy infrastructure in Saudi Arabia and Qatar. The attacks hit the SAMREF refinery and liquefied natural...
Iran strikes Gulf energy hubs, sending global energy prices soaring
Iran launched a major retaliatory assault on March 19 against critical energy infrastructure across the Persian Gulf. The strikes targeted facilities in Qatar,...
QatarEnergy halts LNG production after Iranian strikes, spiking oil to $120
Iran launched retaliatory missile and drone strikes on March 19. The attacks targeted critical energy infrastructure in Qatar, the UAE, Saudi Arabia, and...
Iran Attacks Gulf Energy Hubs, Sending Oil Past $115 After Israeli Strike
Iran launched drone and missile strikes against energy infrastructure in Qatar, Kuwait, and Saudi Arabia on Thursday. The attacks targeted Qatar’s Ras Laffan...