Global oil crisis

Global oil crisis

Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. REUTERS

Global oil inventories depleted, next price spike could roil economies, markets

Some fear the next move higher for oil prices would pose a risk to economic growth, bond yields and the bull market for stocks

The Agios Fanourios I arrived in the waters off Basra, Iraq, in late April. Loaded with Iraqi crude oil and bound for Vietnam, it crossed the Strait of Hormuz on 10 May under a deal with Iran overseen by Iraq's prime minister. REUTERS/Mohammed Aty

Iran is consolidating control of Hormuz with island checkpoints, diplomatic deals and sometimes 'fees'

Illustration: Ashrafun Naher Ananna/TBS Creative

Tehran seeks Bangladesh energy shipment details

Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration//File Photo

US allows 30-day sale of Iran oil at sea in bid to tame prices

File Photo: Reuters

From Ukraine to Iran: War stirs fresh oil shock. Is Bangladesh ready for another inflation storm?

A file photo of a gas refuelling station. Photo: Reuters

Rising US fuel prices risk sparking domestic wildfire for Trump

Strategic Petroleum Reserve storage in Freeport, Texas.Photographer: Brandon Bell/Getty Images North America

The weaponisation of oil in numbers

Oil pumping jacks in an oilfield near Neftekamsk, in the Republic of Bashkortostan, Russia.Source: Bloomberg

Oil ends year of wild price swings with 2nd straight annual gain

A Russian state flag flies on the top of a diesel plant in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 10, 2019. Picture taken March 10, 2019. REUTERS/Vasily Fedosenko/File Photo

Russian oil output to fall 1.4 mln bpd next year as EU ban takes effect - IEA

Saudi Arabia cuts oil prices for Asia as global growth slows

Saudi Arabia cuts oil prices for Asia as global growth slows

Emptier than we thought.Photographer: SeongJoon Cho/Bloomberg

We told big oil not to invest. Don't complain now

Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer

Oil prices surge as Putin mobilises more troops

Industrial facilities of PCK Raffinerie oil refinery are pictured in Schwedt/Oder, Germany, May 9, 2022. The company receives crude oil from Russia via the 'Friendship' pipeline. REUTERS/Hannibal Hanschke/File Photo

Russia says it will stop selling oil to countries that impose price caps