EnergyPolitics
US Oil Reserve Hits 1982 Low Amid Venezuela Deal Doubts
The US Strategic Petroleum Reserve has fallen to 285 million barrels, its lowest since 1982, as a Venezuela oil deal raises more questions than answers.
—6 min read
Tag
#Oil
17 articles
InternationalPolitics
Trump Rejects Iran's Plan to Reopen Strait of Hormuz
Trump rejected Iran's seven-day plan to reopen the Strait of Hormuz, deepening a standoff over the oil chokepoint as both sides brace for the midterms.
—7 min read
International RelationsMilitary
Iran claims strike on US ship in Hormuz; US denies attack
Iran says its IRGC Navy struck a US unmanned vessel in the Strait of Hormuz; Washington calls the claim a 'total lie' amid escalating tit-for-tat attacks.
—7 min read
InternationalConflict
US Strikes Iranian Oil Tankers After Navy Ships Targeted
US military strikes three Iranian oil tankers after Navy warships were targeted with missiles, escalating tensions in the six-month-old Iran war.
—6 min read
PoliticsInternational Relations
Trump Announces Landmark US-Venezuela Oil Deal
Trump announces a sweeping US-Venezuela deal giving Washington control of 65 billion barrels of oil reserves, sparking praise and legal questions.
—7 min read
InternationalEnergy
US Secures Control of 65B Barrels of Venezuela Oil
Trump announces landmark deal giving US majority control of 65 billion barrels of Venezuela's oil reserves, reshaping global energy markets.
—7 min read
International RelationsMilitary
Iran Rejects Trump's Claim Over Strait of Hormuz
Iran's deputy foreign minister asserts Tehran's exclusive control over the Strait of Hormuz, dismissing Trump's pledge to claim the waterway.
—5 min read
InternationalPolitics
Trump Orders Pause in Iran Strikes Amid Diplomatic Push
Trump paused U.S. strikes on Iran after 13 nights as Omani mediators arrived in Tehran to reopen the Strait of Hormuz amid Houthi attacks on Saudi oil.
—6 min read
War & ConflictPolitics
Iran Rejects U.S. Cease-Fire Proposal as Strikes Intensify
Iran reportedly rejected a U.S. cease-fire proposal as American forces completed a 13th night of strikes and Trump threatened a 'massive attack.'
—5 min read
EconomyEnergy
Fuel Prices Surge in Belgium as Refining Costs Climb
Belgian fuel prices rise sharply as diesel hits EUR 2.10/litre. Surging refining margins and geopolitical tensions are driving the increase.
—5 min read
US PoliticsInternational
US Strikes Iran as Tehran Closes Strait of Hormuz
The US launches fresh airstrikes on Iran after Tehran closes the Strait of Hormuz. Experts say Israel holds the key to de-escalation as oil markets reel.
—5 min read
International PoliticsAmericas
How Marco Rubio Is Running Venezuela From Washington
A New York Times investigation reveals Marco Rubio effectively controls Venezuela's finances, oil revenue, and government from Washington.
—6 min read
International EnergyGeopolitics
China's Oil Stockpiles Give It Unrivaled Leverage in Crisis
China's 1.4 billion barrels of strategic oil reserves exceed all IEA members combined, giving Beijing a decisive edge in the Strait of Hormuz crisis.
—5 min read
EconomyEnergy
China's 92-Octane Gasoline Returns to '7 Yuan Era'
China's 92-octane gasoline drops back to 7.8-7.9 yuan/liter after NDRC cuts prices by 515 yuan/ton. Analysts predict a third consecutive cut on July 3.
—4 min read
Economy
US Gas Prices Dip Below $4 for First Time Since March
US gas prices fell below $4 per gallon for the first time since March after the US-Iran peace deal, but remain 25% higher than last year amid inflation.
—5 min read
Economy
Fuel Prices Rise Again in Belgium Amid Iran Conflict
Belgian fuel prices rise again: petrol reaches €1.874 and diesel climbs to €2.08 per liter as the US-Iran conflict roils global oil markets.
—4 min read
InternationalPolitics
US Sanctions Iran's Persian Gulf Strait Authority on Hormuz
The US Treasury sanctioned Iran's Persian Gulf Strait Authority, targeting Tehran's toll regime over the Strait of Hormuz and escalating pressure.
—4 min read