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The Business Standard

Thursday
June 18, 2026

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THURSDAY, JUNE 18, 2026

Oil

Oil

Tankers are seen off the coast of the Fujairah, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Fujairah, United Arab Emirates, March 3, 2026. REUTERS/Amr Alfiky/File Photo

Trump orders oil tanker insurance support, says Navy could escort ships in Gulf

Global crude prices have spiked since Israeli and US forces began striking Iran over the weekend, leading to fighting that has interrupted Middle East oil tanker shipments.

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

Oil jumps 10% on Iran conflict

Representational image

Malaysia seizes $129.9m in crude oil from tankers suspected of illegally transferring oil

Photo: BSS/AFP

Trump says India will buy oil from Venezuela, not Iran

 A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023.  REUTERS/Kevin Lamarque/File Photo

US targets Iran's 'shadow fleet' over crackdown on protesters

People bathe on a beach next to the El Palito refinery of the Venezuelan state oil company PDVSA, in Puerto Cabello, Venezuela February 10, 2024. Photo: REUTERS/Leonardo Fernandez Viloria

Can China rely on domestic oil after Iran, Venezuela shocks?

The Nave Photon, carrying crude oil from Venezuela, is docked at Port Freeport in Freeport, Texas, US, January 15, 2026. Photo: REUTERS/Antranik Tavitian/File Photo

US control of Venezuela oil risks debt restructuring showdown with China

An oilfield worker walks next to drilling rigs at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas on 16 April 2015. File Photo: Reuters

Venezuela receives $300m in proceeds from first US oil sale

A general view shows the Novorossiysk Fuel Oil Terminal (NMT) in the Black Sea port of Novorossiisk, Russia May 30, 2018. REUTERS/Natalya Chumakova/File Photo

Oil prices drop 3% after Trump comments on Iran

The Guinea-flagged oil tanker MT Bandra, which is under sanctions, is partially seen alongside another vessel at El Palito terminal, near Puerto Cabello, Venezuela December 29, 2025. Photo: REUTERS/Juan Carlos Hernandez

Oil pauses gains as Venezuela shipments resume, but Iran concerns loom

File image of US President Donald Trump. Photo: Reuters

Trump moves to block courts from seizing Venezuelan oil revenue in US accounts

US President Donald Trump, Vice President JD Vance, Secretary of State Marco Rubio and US Secretary of the Interior Doug Burgum attend a meeting with oil industry executives, at the White House in Washington, DC, US, on 9 January 2026. Photo: Reuters

Trump urges US oil giants to repair Venezuela's 'rotting' energy industry

El Palito refinery of the Venezuelan state oil company PDVSA is pictured, in Puerto Cabello, Venezuela on 10 February 2024. REUTERS/Leonardo Fernandez Viloria/File Photo

White House oil meeting on Venezuela includes independents, and strong links to Denver

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