Iran’s government has said it will “defend itself and respond like never before” after US President Donald Trump threatened to attack the country if it doesn’t do a deal on its nuclear program. One way Tehran could retaliate would be to block or effectively close the Strait of Hormuz to shipping.
France’s navy boarded an oil tanker coming from Russia into the Mediterranean Sea, as part of a global crackdown on shadow fleet ships used to export sanctioned crude.
Iranian oil stockpiles at a key export terminal are about a fifth lower than where they started the year, a possible sign the country is moving crude out of harm’s way amid a wave of unrest over the past two weeks, according to the founder of a company that tracks inventories with satellites.
Technicians stand at an oil and methanol installation on Kharg Island in the Persian Gulf off the coast of Iran. The country exports about 1 million to 1.1 million barrels of crude per day, down from 2.5 million before the U.S. and European Union added oil sanctions in mid-2012, IEA data show.
Almost every day, an oil tanker arrives off the Guyana coast to pick up a cargo that could reach a buyer practically anywhere on the planet. The stream of shipments is all the more remarkable because just a few years ago, the country didn’t pump a single barrel.
The Deer Park Complex oil refinery and petrochemical plant, owned by Petroleos Mexicanos (PEMEX), in Houston, Texas, US, on Saturday, March 8, 2025. Some 40% of the crude oil processed at US refineries is imported, and Canada and Mexico, the No. 1 and No. 2 foreign suppliers of oil to the US, respectively, together deliver more than two-thirds of that oil. Photographer: Mark Felix/Bloomberg
Oil tankers hauling Russian crude across the Black Sea are taking a roundabout route along the coastlines of Georgia and Turkey — a measure that might help them to reduce the risk of being targeted by Ukrainian sea drones.
Long-range drones at an undisclosed location in Ukraine.
The market impact and geopolitical significance of the Venezuela tanker blockade are quite different
The Venezuelan-flagged Fiorella oil tanker docked in front of the Petroleos de Venezuela SA (PDVSA) Bajo Grande Refinery at the Paraguana Refinery Complex on Lake Maracaibo in Maracaibo, Zulia state, Venezuela, on Wednesday, Nov. 15, 2023. A decision by the US on Oct. 18 to ease sanctions in exchange for greater political freedom in Venezuela, has opened the doors for dealmaking and increased production that will enable the Latin American country's crude to reach global markets. Photographer: Gaby Oraa/Bloomberg
Crude shipments registered their biggest week-on-week drop since the invasion of Ukraine
Russia shipped 3.61 million barrels a day of crude in the four weeks to Dec. 14, after the biggest week-on-week slump in shipments since the 2022 invasion of Ukraine.
Crude shipments registered their biggest week-on-week drop since the invasion of Ukraine
Russia shipped 3.61 million barrels a day of crude in the four weeks to Dec. 14, after the biggest week-on-week slump in shipments since the 2022 invasion of Ukraine.
Anmelden
