Iran sought to assert control over the Strait of Hormuz by saying that ships need its permission and mandatory insurance in order to cross, even as the US said that 20 ships had quietly sailed through overnight via a route along Oman’s coast.
Iran sought to assert control over the Strait of Hormuz by saying that ships need its permission and mandatory insurance in order to cross, even as the US said that 20 ships had quietly sailed through overnight via a route along Oman’s coast.
In this picture obtained from Iran's ISNA news agency on June 18,
Oil flows through the waterway are surging, but some doubts remain.
Ships anchored off the Port of Long Beach in Long Beach, California, US, on Thursday, May 7, 2026. The near closure of the Strait of Hormuz has sparked a global fuel crunch, and consumers are getting saddled with soaring prices. Photographer: Tim Rue/Bloomberg
Russian gasoline prices advanced further, with Ukrainian attacks on refineries forcing some filling stations to limit sales just as the summer vacation season gets underway.
Russian gasoline prices advanced further, with Ukrainian attacks on refineries forcing some filling stations to limit sales just as the summer vacation season gets underway.
Russian gasoline prices advanced further, with Ukrainian attacks on refineries forcing some filling stations to limit sales just as the summer vacation season gets underway.
Russian gasoline prices advanced further, with Ukrainian attacks on refineries forcing some filling stations to limit sales just as the summer vacation season gets underway.
The oil and shipping industry remains largely in wait-and-see mode ahead of Friday’s deadline to reopen the Strait of Hormuz, although there are some tentative signs of preparations as a handful of ships begin rerouting toward the Middle East while Iranian tankers laden with oil move out.
The oil and shipping industry remains largely in wait-and-see mode ahead of Friday’s deadline to reopen the Strait of Hormuz, although there are some tentative signs of preparations as a handful of ships begin rerouting toward the Middle East while Iranian tankers laden with oil move out.
Tankers and cargo vessels are seen in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea, on June 16. AP Photo
The US and Iran have committed to reopening the Strait of Hormuz, the world’s most important artery for shipping oil and natural gas, which has been largely blocked since the two countries went to war in February. However, returning traffic in the strait to prewar levels — if that day ever comes — presents significant challenges. The prediction market Kalshi assigns a 51% probability that traffic will return to normal before Aug. 1 and a 68% probability before Sept. 1.
The US and Iran have committed to reopening the Strait of Hormuz, the world’s most important artery for shipping oil and natural gas, which has been largely blocked since the two countries went to war in February. However, returning traffic in the strait to prewar levels — if that day ever comes — presents significant challenges. The prediction market Kalshi assigns a 51% probability that traffic will return to normal before Aug. 1 and a 68% probability before Sept. 1.
USS Rafael Peralta during blockade operations near an Iranian-flagged ship in April. Source: US Navy
A number of Iran-linked oil tankers have been shifting position as the country prepares to sign a peace deal that could allow Tehran to immediately start selling its oil.
A number of Iran-linked oil tankers have been shifting position as the country prepares to sign a peace deal that could allow Tehran to immediately start selling its oil.
Ukrainian drones hit Moscow’s oil refinery, the latest in a series of strikes on Russian energy infrastructure that has left the nation facing a growing fuel shortage.
Ukrainian drones hit Moscow’s oil refinery, the latest in a series of strikes on Russian energy infrastructure that has left the nation facing a growing fuel shortage.
Long-range drones at an undisclosed location in Ukraine.
Transits into the Gulf of Aden remain far below levels seen back in 2023, when the militants lashed out at commercial shipping.
DJIBOUTI, DJIBOUTI - JANUARY 17: Tankers are seen at sea on January 17, 2024 in Djibouti, Djibouti. Attacks on commercial ships by Yemen's Houthi rebel group, who say they are acting in protest of Israel's war in Gaza, have imperilled a vital global shipping route through the Bab-el-Mandeb strait that lies between Yemen and Djibouti and connects the Gulf of Aden and Red Sea. The disruption has forced more shipping companies to divert around the Horn of Africa, upending supply chains and increasing costs. (Photo by Luke Dray/Getty Images) Photographer: Luke Dray/Getty Images Europe
Russia’s payouts to refiners in May were near the highest in more than two years, denting the nation’s oil and gas revenues even as the war in Iran helped to boost crude prices.
Russia’s payouts to refiners in May were near the highest in more than two years, denting the nation’s oil and gas revenues even as the war in Iran helped to boost crude prices.
Smoke rises above buildings following a recent drone attack on the Tuapse oil refinery in Tuapse, Krasnodar region on April 29, 2026, amid the ongoing Russian-Ukrainian conflict. (Photo by AFP via Getty Images)
Russia is considering limiting exports of diesel and jet fuel, according to Interfax, as refinery run rates fall to multi-year lows amid Ukraine’s escalating attacks.
Russia is considering limiting exports of diesel and jet fuel, according to Interfax, as refinery run rates fall to multi-year lows amid Ukraine’s escalating attacks.
Freight wagons filled with fuel at a refining and petrochemical plant in Nizhnekamsk, Russia.
Russia and Ukraine struck each other’s energy infrastructure, hitting oil facilities in a key Russian Black Sea port as well as gas and oil assets in two Ukrainian regions.
Russia and Ukraine struck each other’s energy infrastructure, hitting oil facilities in a key Russian Black Sea port as well as gas and oil assets in two Ukrainian regions.
A NASA FIRMS image taken on Saturday signals fire at the Grushovaya terminal that ships oil towards Novorossiysk Bloomberg
Ukraine targeted the Yaroslavl oil refinery in central Russia overnight to inflict further damage on its foe’s energy infrastructure, according to President Volodymyr Zelenskyy.
Ukraine targeted the Yaroslavl oil refinery in central Russia overnight to inflict further damage on its foe’s energy infrastructure, according to President Volodymyr Zelenskyy.
A Friday image taken by a NASA FIRMS satellite shows a heating anomaly at the refinery also known as Yanos
Ukraine said it attacked a major oil refinery in central Russia for the second time this week, as Kyiv continues to target the country’s energy infrastructure.
Ukraine said it attacked a major oil refinery in central Russia for the second time this week, as Kyiv continues to target the country’s energy infrastructure.
Long-range drones at an undisclosed location in Ukraine. Photographer: Evgeniy Maloletka/AP Photo
President Vladimir Putin signed a decree aimed at simplifying the process for residents of Moldova’s pro-Moscow region of Transnistria to obtain Russian citizenship, drawing a sharp response from Ukraine.
President Vladimir Putin signed a decree aimed at simplifying the process for residents of Moldova’s pro-Moscow region of Transnistria to obtain Russian citizenship, drawing a sharp response from Ukraine.
THIS IMAGE WAS DIRECTLY PROVIDED BY A THIRD PARTY AND HAS NOT BEEN VETTED FOR EDITORIAL ACCURACY BY THE AP EDITORIAL TEAM. THE IMAGE MAY CONTAIN REFERENCES THAT DO NOT ADHERE TO AP’S EDITORIAL STANDARDS CONCERNING THE CONFLICT IN UKRAINE. AP ALSO CANNOT INDEPENDENTLY VERIFY, THE DATE, LOCATION OR CONDITIONS UNDER WHICH IT WAS SHOT. 9055775 26.11.2025 A general view shows he House of Soviets where a polling station is located for the upcoming elections of deputies to the Transnistria's Supreme Council, deputies to local councils and heads of villages and settlements, in Tiraspol, Transnistria region, also known as the unrecognized Pridnestrovian Moldavian Republic (PMR), Moldova. Artem Kulekin / Sputnik via AP
The Kremlin confirmed President Vladimir Putin’s visit to China on May 19-20, days after President Xi Jinping’s summit in the Chinese capital with his US counterpart Donald Trump.
The Kremlin confirmed President Vladimir Putin’s visit to China on May 19-20, days after President Xi Jinping’s summit in the Chinese capital with his US counterpart Donald Trump.
TOPSHOT - In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin and China's President Xi Jinping shake hands during a signing ceremony following their talks in Beijing on May 16, 2024. (Photo by Sergei BOBYLYOV / POOL / AFP) / ** Editor's note : this image is distributed by Russian state owned agency Sputnik ** (Photo by SERGEI BOBYLYOV/POOL/AFP via Getty Images) Photographer: SERGEI BOBYLYOV/Getty Images
A pause in Iranian oil shipments from Kharg Island, the nation’s main export hub, is most likely the result of an oil spill in the area, according to TankerTrackers.com, a firm that uses satellite imagery to monitor vessel movements.
A pause in Iranian oil shipments from Kharg Island, the nation’s main export hub, is most likely the result of an oil spill in the area, according to TankerTrackers.com, a firm that uses satellite imagery to monitor vessel movements.
Anmelden
