Oil prices/Crude oil

Kharg Island: Iran’s vital oil hub in the crosshairs?

A view of Iran's Kharg Island, which hosts the country’s main crude export terminal and is responsible for the overwhelming majority of its oil shipments to the world, on March 2, 2026.

Global LNG hunt intensifies as Middle East conflict cuts supply

Analysts predict a potential LNG deficit if disruptions persist, delaying the expected glut and impacting supply into 2026.

Oil swings after report of IEA proposing record reserves release

Oil tumbled on March 10 as the market grappled with rapidly shifting comments from the Trump administration about the war and shipping via Hormuz.

Macron to host G7 leaders call on Iran crisis, energy prices

France's President Emmanuel Macron speaks during a national defense council meeting at the Elysee Palace, in Paris, France March 10, 2026. Thomas Padilla/Pool via REUTERS

LPG hoarding, firewood use: Hawkers and families in Asia deal with fuel shortage amid Iran war

Mr Abhijit Chakraborty, who owns a tea stall in Kolkata, India, is worried that rising cooking gas prices could hurt his earnings.

US Navy tells shipping industry Hormuz escorts not possible for now

FILE PHOTO: A map showing the Strait of Hormuz and Iran is seen behind a 3D printed oil pipeline in this illustration taken June 22, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Britain working with allies to support shipping through war-choked Strait of Hormuz

Iran’s Revolutionary Guards said on March 10 they would not let any oil out of the Middle East until US and Israeli attacks cease.

US is less prone to oil price shocks than in past decades

In addition to being less dependent on imports, the US economy is much less oil-intensive than it used to be.

Troops guard Bangladesh depots as fuel crunch hits Asia amid Middle East conflict

Bangladesh imports 95 per cent of its oil and petrol needs.

Gulf oil giants deepen output cuts as ships avoid Hormuz

The conflict in the Middle East has forced output cuts as the effective closure of the main export route causes storage tanks to fill up.

E-paper

Newsletters

Podcasts

RSS Feed

About Us

Terms & Conditions

Privacy Policy

Need help? Reach us here.

Advertise with us

MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.