Shipowners are increasingly optimistic about a pickup in traffic through the Strait of Hormuz after more vessels left the waterway this week with the US providing information to aid those making the journey.
Shipowners are increasingly optimistic about a pickup in traffic through the Strait of Hormuz after more vessels left the waterway this week with the US providing information to aid those making the journey.
Falling water levels on one of Europe’s most important rivers are restricting the amount of oil barges can carry, adding more pressure to the region’s fuel supply chains as the Iran war grinds on.
Falling water levels on one of Europe’s most important rivers are restricting the amount of oil barges can carry, adding more pressure to the region’s fuel supply chains as the Iran war grinds on.
A barge sails along the River Rhine past exposed sections of riverbed, in Germany.
Falling water levels on one of Europe’s most important rivers are restricting the amount of oil barges can carry, adding more pressure to the region’s fuel supply chains as the Iran war grinds on.
Falling water levels on one of Europe’s most important rivers are restricting the amount of oil barges can carry, adding more pressure to the region’s fuel supply chains as the Iran war grinds on.
A barge sails along the River Rhine past exposed sections of riverbed, in Germany.
The UK moved to loosen its Russian sanctions in a controversial move aimed at preventing shortages of diesel and jet fuel, as the war in Iran eats into global oil buffers.
The UK moved to loosen its Russian sanctions in a controversial move aimed at preventing shortages of diesel and jet fuel, as the war in Iran eats into global oil buffers.
LONDON, UNITED KINGDOM - MAY 7: Fuel pumps are seen at a gas station as concerns over global oil supply and fluctuations in energy markets bring fuel prices back into focus in London, United Kingdom, on May 7, 2026. (Photo by Rasid Necati Aslim/Anadolu via Getty Images)
The UK moved to loosen its Russian sanctions in a controversial move aimed at preventing shortages of diesel and jet fuel, as the war in Iran eats into global oil buffers.
The UK moved to loosen its Russian sanctions in a controversial move aimed at preventing shortages of diesel and jet fuel, as the war in Iran eats into global oil buffers.
LONDON, UNITED KINGDOM - MAY 7: Fuel pumps are seen at a gas station as concerns over global oil supply and fluctuations in energy markets bring fuel prices back into focus in London, United Kingdom, on May 7, 2026. (Photo by Rasid Necati Aslim/Anadolu via Getty Images)
Oil slipped in volatile trading as traders awaited a pivotal meeting between US President Donald Trump and Chinese counterpart Xi Jinping, while fresh US data suggested stockpile have yet to drop to critical levels.
Oil slipped in volatile trading as traders awaited a pivotal meeting between US President Donald Trump and Chinese counterpart Xi Jinping, while fresh US data suggested stockpile have yet to drop to critical levels.
The Valero Port Arthur Refinery in Port Arthur, Texas, US, on Tuesday, April 14, 2026. US natural gas futures ended lower for a fifth consecutive session, erasing earlier gains as traders weighed plunging oil prices against mixed weather outlooks. Photographer: Mark Felix/Bloomberg
The Iran war has squeezed global supplies of jet fuel, threatening to upend vacation plans as the peak summer travel season approaches in the Northern Hemisphere.
The Iran war has squeezed global supplies of jet fuel, threatening to upend vacation plans as the peak summer travel season approaches in the Northern Hemisphere.
A passenger aircraft, operated by Deutsche Lufthansa AG, during a strike by Deutsche Lufthansa pilots from the Vereinigung Cockpit labor union, at Frankfurt Airport in Frankfurt, Germany, on Monday, April 13, 2026. The walkout adds to a turbulent start to the year for Europe’s biggest airline, which is also dealing with the fallout from the broader geopolitical challenges affecting air travel — notably, the war in Iran. Photographer: Alex Kraus/Bloomberg
In a matter of weeks, Europeans will begin heading off on their summer vacations — whether or not there will be enough jet fuel to transport them all remains an open question.
In a matter of weeks, Europeans will begin heading off on their summer vacations — whether or not there will be enough jet fuel to transport them all remains an open question.
A passenger wheels luggage through the departures terminal at Paris Charles de Gaulle airport in Paris, France, on Friday, Oct. 29, 2021. Air France-KLM expects a return to profitability for the full year and is adding transatlantic seats as an easing of travel rules revives prospects for the struggling carrier.
Military operations have impacted sections of a sprawling European fuel pipeline network at a time of supply pressures caused by the Iran war, according to a German service provider for the system.
Military operations have impacted sections of a sprawling European fuel pipeline network at a time of supply pressures caused by the Iran war, according to a German service provider for the system.
A Central Europe Pipeline System site Bitburg, Germany. Source: US Air Force/Digital
Gasoline’s premium to crude posted its biggest weekly gain on record, a boost for refiners that have been under pressure from high oil prices stoked by the Iran war.
Gasoline’s premium to crude posted its biggest weekly gain on record, a boost for refiners that have been under pressure from high oil prices stoked by the Iran war.
Drivers refuel their vehicles at a Total gas station in Paris, France, on Thursday, March 12, 2026. TotalEnergies raised its diesel price cap by 10 euro cents ($0.12) at French service stations as the Middle East conflict squeezes supplies and drives oil prices higher.
A handful of oil tankers were racing toward the Strait of Hormuz on Friday after Iran declared it open, even as industry groups urged caution and several shipowners and traders said they needed more clarity about the status of the waterway before making any decisions.
A handful of oil tankers were racing toward the Strait of Hormuz on Friday after Iran declared it open, even as industry groups urged caution and several shipowners and traders said they needed more clarity about the status of the waterway before making any decisions.
A mega-refinery owned by Africa’s richest person is becoming an increasingly important source of vital jet fuel supplies to Europe, helping fill a gap left by the impact of the Iran war while boosting profitability.
A mega-refinery owned by Africa’s richest person is becoming an increasingly important source of vital jet fuel supplies to Europe, helping fill a gap left by the impact of the Iran war while boosting profitability.
The Dangote refinery in Lagos is one of the world’s biggest. Photographer: Benson Ibeabuchi/Bloomberg
Prices have now passed $200 a barrel, the highest since 2022.
Petrol and diesel fuel pumps at a petrol station in Prague, Czech Republic, on Saturday, March 28, 2026. The Czech government is considering regulating retail margins at gas stations after Prime Minister Andrej Babis criticized fuel distributors for "outrageous" prices. Photographer: Milan Jaros/Bloomberg
Oil rallied above $110 a barrel after US President Donald Trump vowed an escalation in the war in Iran over the coming weeks, a move that could prolong disruptions to energy flows through the vital Strait of Hormuz.
Oil rallied above $110 a barrel after US President Donald Trump vowed an escalation in the war in Iran over the coming weeks, a move that could prolong disruptions to energy flows through the vital Strait of Hormuz.
Soaring fuel prices from the Iran war are forcing oil traders into longer, stranger journeys, sending cargoes on routes that would normally make little economic sense.
Soaring fuel prices from the Iran war are forcing oil traders into longer, stranger journeys, sending cargoes on routes that would normally make little economic sense.
Europe is expected to have enough jet fuel to avoid shortages in April, according to people directly involved in the aviation fuel market. But that situation could change in May, as the conflict in the Middle East continues to rock global energy markets.
Europe is expected to have enough jet fuel to avoid shortages in April, according to people directly involved in the aviation fuel market. But that situation could change in May, as the conflict in the Middle East continues to rock global energy markets.
An employee attaches a refuelling hose to a passenger aircraft at London Southend Airport in Southend-on-Sea, UK.
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