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Thai Tanker Transits Hormuz after Iran Talks

Mar 25, 2026

A Thai oil tanker has safely passed through the Strait of Hormuz following diplomatic coordination between Thailand and Iran, and was not required to pay to escape the blockade, a Thai official and the oil major that owns the vessel said on Wednesday.The Bangchak Corporation BCP.BK-owned tanker crossed the strategic waterway on Monday after successful talks between Thai foreign minister Sihasak Phuangketkeow and Iran's ambassador to Thailand…

Iran to UN: 'Non-Hostile' Ships Can Transit Strait of Hormuz

Mar 25, 2026

Iran has told the United Nations Security Council and the International Maritime Organization that 'non-hostile vessels' may transit the Strait of Hormuz if they coordinate with Iranian authorities, according to a note seen by Reuters on Tuesday…

Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears

Mar 25, 2026

Oil prices sank about 4% on Wednesday after reports the United States had sent Iran a 15-point proposal aimed at ending the war in the Middle East, raising prospects of a ceasefire that could ease supply disruptions in the region.Brent crude futures LCOc1 fell $4…

Oil Rises as Iran Denies US Talks, Supply Risks Persist

Mar 24, 2026

Oil prices rose on Tuesday on supply fear, as Iran denied it had talks with the United States to end the war in the Gulf, contradicting U.S. President Donald Trump who said a deal could be reached soon.Brent futures LCOc1 rose $2.89, or 2.9%…

IEA Weighs Further Oil Stock Releases as War on Iran Continues

Mar 23, 2026

The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil 'if necessary' due to the Iran war, Executive Director Fatih Birol said on Monday.'If it is necessary, of course, we will do it…

US Oil Shield Starts Showing Cracks as Iran War Drives Prices Higher

Mar 23, 2026

U.S. President Donald Trump went into the Iran war convinced that America’s vast oil wealth would insulate the country from the kind of energy shock now battering much of the world. Four weeks into the conflict, that shield is looking fragile…

IEA Unleashes Record 400M Barrel Oil Stockpile Release Amid Iran War Disruptions

Mar 12, 2026

The International Energy Agency on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the U.S.-Israeli war with Iran, with the U.S. contributing the bulk of the supply…

Iran War Exposes Risks of Fossil Fuel Dependence

Mar 11, 2026

The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years - first with Russia’s invasion of Ukraine and now with the U.S.-Israeli war on Iran - undermining U.S. President Donald Trump’s flagship push to double down on fossil fuels…

Oil Drops 7% After Trump Predicts War Could End Soon

Mar 10, 2026

Oil prices plummeted 7% on Tuesday after soaring to a more than three-year high in the previous session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to oil supplies…

Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade

Mar 10, 2026

Saudi Arabia's Aramco, the world's top oil exporter, said on Tuesday there would be 'catastrophic consequences' for the world's oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.Oil shipments have been largely blocked from traversing through the shipping artery…

OSV Market: Asia Pacific Downshifts for the Long Haul

Mar 09, 2026

2025 was a year of recalibration, continuing the softness experienced since the fourth quarter of 2024. Rather than a slowdown, this period can be better described as a collective deep breath as the industry prepares for the next upcycle in the Asian Pacific region…

Governments Move to Shield Economies as Oil Jumps 25%

Mar 09, 2026

Governments scrambled to limit the impact on economies and consumers from the widening Iran war, which fuelled a record surge in oil prices on Monday after key producers cut output and Tehran signalled that hardliners would remain in charge…

Subsea7 Extends Engagement on Türkiye’s Sakarya Field with New Deal

Mar 04, 2026

Subsea7 has secured a large variation order by Turkish Petroleum Offshore Technology Center AS (TP-OTC) relating to the Sakarya field development in the Black Sea, offshore Türkiye.The award represents an extension to the contract announced…

Oil Prices Go Up 3% as Iran Crisis Disrupts Supply

Mar 04, 2026

Oil prices rose 3% on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump suggested the U.S. Navy could escort vessels through the Strait of Hormuz…

Qatar LNG Halt Forces Asia to Seek Alternative Supplies

Mar 03, 2026

India began rationing natural gas on Tuesday while countries around Asia looked to the spot market to replace supplies, activated emergency plans and prepared to step up production, as the conflict in the Middle East curtailed shipping and halted Qatari output…

Current News

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

Thai Tanker Transits Hormuz after Iran Talks

Thai Tanker Transits Hormuz after Iran Talks

Iran to UN: 'Non-Hostile' Ships Can Transit Strait of Hormuz

Iran to UN: 'Non-Hostile' Ships Can Transit Strait of Hormuz

Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears

Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears

Oil Executives Flag Long-Term Impact of Iran Conflict

Oil Executives Flag Long-Term Impact of Iran Conflict

Oil Rises as Iran Denies US Talks, Supply Risks Persist

Oil Rises as Iran Denies US Talks, Supply Risks Persist

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