Energy & Oil

Monday, March 9th 2026 - 10:59 UTC
Oil rises above US$100 a barrel as Middle East war and Hormuz disruption hit supply

Oil prices climbed above US$100 a barrel on Sunday in futures trading, reaching their highest levels since 2022 as the war in the Middle East, the effective closure of the Strait of Hormuz and fresh production cuts among Gulf producers tightened supply expectations. Reuters reported Brent rose as high as US$111.04 a barrel while West Texas Intermediate (WTI) touched US$111.24 in early trading. AP later put Brent at US$107.97 and WTI at US$106.22, both more than 16% above the previous close.
Friday, March 6th 2026 - 15:41 UTC
Oil posts its biggest weekly jump since 2020 as the Iran war disrupts Hormuz

Oil became this week’s clearest barometer of the Middle East crisis, with Brent hovering near US$90 a barrel and WTI around US$87.5, putting both contracts on track for their biggest weekly advance since 2020. The same factor sits behind the surge: the de facto blockage of the Strait of Hormuz, through which roughly one-fifth of the world’s oil normally passes.
Thursday, March 5th 2026 - 16:02 UTC
Iran says it hit a US oil tanker in the Gulf and warns on transit through Hormuz

Iran’s Revolutionary Guards said on Thursday that their naval force struck a US oil tanker in the northern Gulf and that the vessel “is on fire,” raising fresh concerns about maritime security tied to the regional conflict and the safety of the Strait of Hormuz—one of the world’s most sensitive energy choke points.
Wednesday, March 4th 2026 - 22:47 UTC
US interior secretary highlights Venezuela’s mineral wealth, says cooperation has “no limits”

US Interior Secretary Doug Burgum said in Caracas on Wednesday that opportunities for cooperation between Washington and Venezuela “have no limits,” highlighting the South American country’s mineral potential during a visit focused on mining and access to critical minerals.
Wednesday, March 4th 2026 - 13:04 UTC
Argentina hits oil output record on Vaca Muerta as Brent tops $80 on Iran war

Argentina posted its highest monthly crude output on official record in January, at a time when global energy markets are again under strain from the Iran–Israel–US conflict and renewed pressure on key supply routes.
Monday, March 2nd 2026 - 21:16 UTC
Revolutionary Guard say Strait of Hormuz is “closed”

Iran’s Revolutionary Guards said on Monday the Strait of Hormuz is now “closed” and threatened to attack any vessel attempting to transit, in the most explicit warning yet against the Gulf’s main maritime chokepoint. A Guards commander said they would set any ship “ablaze” if it tried to pass, according to remarks carried by Reuters.
Monday, March 2nd 2026 - 12:38 UTC
Oil jumps and shares fall as Iran warnings chill Strait of Hormuz traffic and shipping reroutes spread

Global oil prices rose sharply on Monday and European equities fell as the regional conflict intensified, following attacks on vessels near the Strait of Hormuz and Iranian warnings to shipping in a chokepoint through which roughly a fifth of the world’s oil and gas trade moves.
Saturday, February 28th 2026 - 01:29 UTC
Uruguay approves offshore 3D seismic survey for oil exploration, sets marine safeguards

Uruguay’s Environment Ministry on Friday granted operational authorization for a 3D seismic survey in its jurisdictional waters, in an offshore block operated by Chevron, with a specialized vessel already in position and work planned through the end of April.
Thursday, February 26th 2026 - 12:46 UTC
UK government actions to help families with impact of the cost of living

UK Labour government is taking action to help families with the cost of living, “We know that families across the country are feeling the impact of the cost of living - it’s the number one issue impacting working people.
Saturday, February 14th 2026 - 04:19 UTC
Major fire hits Havana’s Ñico López refinery amid Cuba’s energy crunch

A large fire broke out on Friday at the Ñico López refinery in Cuba’s capital, sending a thick column of black smoke into the sky that was visible from multiple points around Havana Bay. Authorities have not yet disclosed the cause of the blaze or the extent of any damage, while emergency crews remained on scene.