Energy & Oil

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.
Saturday, February 14th 2026 - 00:05 UTC
Trump says he will visit Venezuela, praises Delcy Rodríguez as U.S. expands oil licences

U.S. President Donald Trump said on Friday he plans to travel to Venezuela, while acknowledging that no date has been set. “I’m going to make a visit to Venezuela,” he told reporters at the White House.
Friday, February 13th 2026 - 18:53 UTC
US lifts key curbs on Venezuelan oil, clearing Repsol and other majors to operate

Washington has issued new authorizations that allow oil-and-gas-related transactions in Venezuela for companies including BP, Chevron, Eni, Repsol and Shell, in a shift that could unlock stalled projects and settle payments previously constrained by US sanctions.
Thursday, February 12th 2026 - 04:10 UTC
US signals easing of energy restrictions after energy secretary’s Caracas visit

Venezuela’s acting President and Oil Minister Delcy Rodríguez met on Wednesday at Miraflores Palace with US Energy Secretary Chris Wright to discuss what the Venezuelan government described as “an energy agenda that benefits both nations,” as bilateral contacts continue to reopen.
Monday, February 9th 2026 - 08:20 UTC
Cuba tells airlines it will run out of jet fuel as of Monday, deepening energy crisis

Cuba has warned international airlines that it will run out of aviation fuel starting Monday, widening an energy emergency that has already disrupted transport, public services and economic activity — and now threatens to further squeeze tourism, one of the island’s main sources of hard currency.
Monday, February 9th 2026 - 04:24 UTC
Paraguay courts AI data centers and green hydrogen with discounted power rates

Paraguay’s government has rolled out a pair of decrees offering preferential electricity pricing to energy-hungry industries—ranging from AI-linked data centers and cloud computing to green hydrogen and other “Power-to-X” projects—betting that the country’s hydroelectric surplus can be converted into investment and higher-value production. The move, however, has triggered pushback from energy experts and a fast-moving labor dispute inside the state utility ANDE.