Value of shipments hits most since just after Ukraine invasion, amid higher prices and flows
Russia shipped 3.6 million barrels a day of crude in the four weeks to March 22, helping boost inflows to the Kremlin’s war chest to the highest in four years.
Value of shipments hits most since just after Ukraine invasion, amid higher prices and flows
Russia shipped 3.6 million barrels a day of crude in the four weeks to March 22, helping boost inflows to the Kremlin’s war chest to the highest in four years.
It took just days for the Iran war to hobble oil fields, refineries and gas plants across the Persian Gulf, but it could take years to restore their full potential as the conflict drags on.
It took just days for the Iran war to hobble oil fields, refineries and gas plants across the Persian Gulf, but it could take years to restore their full potential as the conflict drags on.
Damage to Saudi Aramco’s Ras Tanura refinery, in an image released on March 2.
Maritime traffic through the Strait of Hormuz — a vital route for exports of oil, natural gas and other commodities from the Persian Gulf — remains at a near-standstill weeks after the US and Israel launched strikes against Iran.
Maritime traffic through the Strait of Hormuz — a vital route for exports of oil, natural gas and other commodities from the Persian Gulf — remains at a near-standstill weeks after the US and Israel launched strikes against Iran.
A satellite view of the Strait of Hormuz Photographer: Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2025/Getty Images
Oil and gas markets have been rocked by disruption to supply out of the Persian Gulf. Prices of both commodities have jumped since the US and Israel began their strikes on Iran.
Oil and gas markets have been rocked by disruption to supply out of the Persian Gulf. Prices of both commodities have jumped since the US and Israel began their strikes on Iran.
The liquefied natural gas production facility in Qatar's Ras Laffan Industrial City.
Maritime traffic through the Strait of Hormuz — a vital route for exports of oil, gas and other commodities from the Persian Gulf — remains at a near-standstill weeks after the US and Israel launched strikes against Iran.
Maritime traffic through the Strait of Hormuz — a vital route for exports of oil, gas and other commodities from the Persian Gulf — remains at a near-standstill weeks after the US and Israel launched strikes against Iran.
An Iranian Navy speedboat near the strait of Hormuz.
A huge number of tankers are now waiting to collect oil from Saudi Arabia’s key port in the Red Sea as Riyadh ramps up its efforts to bypass the Strait of Hormuz after the vital waterway was effectively closed to shipping.
A huge number of tankers are now waiting to collect oil from Saudi Arabia’s key port in the Red Sea as Riyadh ramps up its efforts to bypass the Strait of Hormuz after the vital waterway was effectively closed to shipping.
At least 27 large crude oil tankers are anchored off Saudi Arabia's Yanbu port on the Red Sea on March 16, 2026.
Saudi Arabia’s race to bypass the Strait of Hormuz has led to a buildup of oil supertankers waiting off the kingdom’s Red Sea coast to collect cargoes, as Riyadh tries to overcome unprecedented disruption caused by the Iran war.
Saudi Arabia’s race to bypass the Strait of Hormuz has led to a buildup of oil supertankers waiting off the kingdom’s Red Sea coast to collect cargoes, as Riyadh tries to overcome unprecedented disruption caused by the Iran war.
At least 50 supertankers are heading the Saudi Red Sea port of Yanbu on March 13, 2026.
OPEC’s crude oil production climbed last month as group leader Saudi Arabia bolstered production amid rising regional tensions, a Bloomberg survey showed.
OPEC’s crude oil production climbed last month as group leader Saudi Arabia bolstered production amid rising regional tensions, a Bloomberg survey showed.
An employee walks past oil transport pipes on the quayside of the Arabian Sea at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification.
Commercial maritime traffic through the Strait of Hormuz remains effectively at a standstill with no confirmed transits in either direction over the past 24 hours, according to vessel-tracking data compiled by Bloomberg.
Commercial maritime traffic through the Strait of Hormuz remains effectively at a standstill with no confirmed transits in either direction over the past 24 hours, according to vessel-tracking data compiled by Bloomberg.
TOPSHOT - Commercial vessels are pictured offshore in Dubai on March 11, 2026. New attacks hit three commercial ships in the Gulf on March 11, with one of the vessels in flames as Iran pressed its campaign against its oil-exporting neighbours, threatening shipping in the Strait of Hormuz and plunging the global energy economy into crisis. (Photo by AFP via Getty Images) / Attention editors: AFP covers the war in the Middle East through its extensive regional network, including bureaus in Tehran, Jerusalem and several neighboring countries.Since the start of the conflict, journalists have been working under increasingly restrictive conditions. Authorities in several countries have limited reporters' movements, photo and live video coverage from sensitive locations. Some governments and armed groups have banned images of missile or drone strikes and other security-related sites. /
While mainstream Western shipping remains largely suspended through the Strait of Hormuz, recent 24-hour observations reveal a slight increase in Iran-linked traffic, specifically involving two sanctioned VLCCs.
While mainstream Western shipping remains largely suspended through the Strait of Hormuz, recent 24-hour observations reveal a slight increase in Iran-linked traffic, specifically involving two sanctioned VLCCs.
Iran continued loading crude onto tankers at its Kharg Island oil terminal on Saturday, a week after the US and Israel launched air attacks against the Persian Gulf country. It’s unclear whether loading operations have continued, with no new satellite images since then.
Iran continued loading crude onto tankers at its Kharg Island oil terminal on Saturday, a week after the US and Israel launched air attacks against the Persian Gulf country. It’s unclear whether loading operations have continued, with no new satellite images since then.
Oil facilities on Kharg island, Iran. Photographer: Morteza Nikoubazl/NurPhoto/Getty Images
Strait of Hormuz transit remains near a standstill for a seventh day, with Iran-linked ships the only commercial vessels making the crossing in the past 24 hours.
Strait of Hormuz transit remains near a standstill for a seventh day, with Iran-linked ships the only commercial vessels making the crossing in the past 24 hours.
Satellite view of the Strait of Hormuz Photographer: Gallo Images/Orbital Horizon/Getty Images
Oil markets are set for yet more chaos on Monday as the war in Iran unleashes unprecedented disruption: major producers are curbing output as storage fills up and the most important waterway for global energy markets remains all but closed.
Oil markets are set for yet more chaos on Monday as the war in Iran unleashes unprecedented disruption: major producers are curbing output as storage fills up and the most important waterway for global energy markets remains all but closed.
Men stand outside a storage facility of oil giant ADNOC in the capital of the United Arab Emirates, Abu Dhabi, on January 17, 2022. - Three people were killed in a suspected drone attack that set off a blast and a fire in Abu Dhabi today, officials said, as Yemen's rebels announced military operations in the United Arab Emirates. Two Indians and a Pakistani died as three petrol tanks exploded near the storage facility of oil giant ADNOC, while a fire ignited in a construction area at Abu Dhabi airport. (Photo by AFP) (Photo by -/AFP via Getty Images)
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