oil

Ukraine's defence ministry says its forces hit six strategic oil refineries deep inside Russia over a single week, some up to 1,600 km from the front line. Kyiv describes the facilities as key fuel suppliers for Russia's defence industry and occupation forces, framing the campaign as retaliation for Russian strikes on Ukrainian energy infrastructure.

A new battlefield update claims Ukraine launched its most massive drone attack yet on Moscow, with a large oil refinery reportedly put out of action. If confirmed, the strike would mark one of the deepest and largest Ukrainian drone operations of the war, targeting Russian energy infrastructure. Audiences following daily war coverage are discussing the scale of the attack and its possible impact on Russian fuel supplies.

President Trump said Saturday outside the White House that he was rejecting an Iranian offer to reopen the Strait of Hormuz. Iran had proposed reopening the strategic waterway and resuming talks on its nuclear program within seven days, on condition that the United States lift its naval blockade. Trump's refusal signals continued US pressure despite Tehran's overture.

Saudi Arabia has withdrawn from a China-led cross-border currency platform, according to the Financial Times. The move marks a retreat from Beijing's efforts to build alternatives to dollar-based international payments, and it will fuel debate over the pace at which Gulf states are willing to align financially with China. The reported decision has drawn wide attention given the kingdom's central role in global oil trade and dollar settlement.

Iran's Revolutionary Guards have seized a US submarine drone in the Strait of Hormuz, saying the operation was carried out for data recovery, according to NDTV. The incident escalates tensions in the strategic waterway, through which a large share of the world's oil passes, and comes amid ongoing friction between Tehran and Washington over naval activity in the Gulf.

President Trump said the United States will "win this war very soon" and that oil prices should fall sharply once the conflict ends. He framed the key objective as preventing Iran from obtaining a nuclear weapon. The remarks come amid ongoing fighting and continued attention to energy markets, with analysts watching how quickly oil prices might react to any resolution.

Iran has put forward a new proposal aimed at reaching an agreement to reopen the Strait of Hormuz, the strategic waterway at the centre of rising regional tensions. The pitch suggests Tehran may be seeking a negotiated off-ramp, and observers are weighing what concessions Iran wants and how the US and Gulf states might respond to the offer.

French President Emmanuel Macron announced that France will send soldiers and air defense systems to Saudi Arabia to help protect Yanbu's critical oil-export facilities from Houthi attacks. He did not rule out an additional French Air Force fighter deployment as well. The move marks a significant expansion of France's military role in the region and its security cooperation with Saudi Arabia.

Iran has expressed support for diplomatic efforts after Saudi Arabia's foreign minister called for a return to the situation in the Strait of Hormuz as it stood before February 28. The statement signals continued regional engagement over tensions surrounding the key oil shipping route, with Riyadh pushing to restore earlier conditions in the strategic waterway.

Donald Trump says he urged Ukrainian President Volodymyr Zelensky to "calm down" on attacks targeting Russian oil refineries, arguing Ukraine should strike other targets instead. The remark, reported amid ongoing US pressure for a negotiated end to the war, is drawing criticism from observers who see it as Washington limiting Ukraine's most effective strikes on Russia's energy and export infrastructure.

Iran says it remains committed to diplomatic channels despite a missile strike in the Strait of Hormuz, according to financial news reporting. The incident has heightened tensions in one of the world's most important oil shipping routes, with markets watching closely ahead of the trading open as investors weigh the risk of further escalation in the region.

Oil prices dropped as hopes grew for renewed diplomatic talks between the United States and Iran. Traders weighed the prospect of eased tensions, which could reduce supply risks in the region and potentially open the door to more Iranian oil on world markets. Analysts are watching whether negotiations materialize and how far prices might fall if a deal becomes more likely.

Donald Trump said he expects further talks between the United States and Iran this week as diplomacy between the two countries continues. The remarks point to ongoing negotiations despite long-standing tensions, and markets are watching closely since any escalation or breakthrough could affect oil prices. Attention will be on whether the discussions produce tangible progress or stall.

President Donald Trump has rejected an Iranian proposal that would have opened the Strait of Hormuz and brought an end to fighting between the two countries. The strait is a critical artery for global oil shipments, and the rejection keeps tensions high and raises questions about the risk of further escalation in the region. Markets and governments are watching closely for Tehran's next move.

Oil prices moved higher and stock futures slipped following news that an offer from Iran was rejected, according to a Bloomberg markets wrap. Traders are weighing the implications for energy supply and broader risk sentiment, with oil's gains reflecting concern that the rejected offer could escalate tensions and tighten crude supplies.

British authorities are reported to have foiled a possible terror attack near a US military base in the United Kingdom. Details about suspects, the alleged plot, and the timing of the operation have not been released. The reported link to an American installation has drawn attention given the heightened security concerns around US bases in Europe.

Donald Trump declared 'we got them' after authorities foiled a suspected terrorist plot targeting a UK airbase. The comment suggests US involvement or coordination in the operation, though details about the suspects and the intended targets have not been fully disclosed. The case is drawing attention because of its transatlantic security implications and the former president's prominent role in announcing it.

US stock futures are being watched closely following President Trump's decision on Iran, with investors assessing the potential impact on oil prices, global markets and geopolitical risk. Traders are weighing how the decision could affect energy supplies and whether it signals escalation or de-escalation in the region, with market reaction expected to set the tone for the trading week.

President Donald Trump said the conflict with Iran will be over 'soon' and predicted oil prices will plunge once it ends. His comments come as markets watch the Middle East conflict closely, with energy prices sensitive to any escalation or de-escalation. Observers are weighing whether the forecast reflects genuine expectations of a rapid resolution or an attempt to calm markets.

Russia's oil production is expected to drop to 494 million tonnes in 2026, a 3.4% decline from the previous year and the lowest level since 2009, according to Le Grand Continent. Observers are weighing what the decline means for Russia's economy, its refining capacity, and global energy markets amid ongoing sanctions pressure.

Following this week's summit between Donald Trump and Xi Jinping, China has frozen Iran's money held there, according to claims circulating widely. Commentators note the significance: China previously bought around 90% of Iran's oil exports before Trump's blockade, so the move is being read as a major diplomatic shift and a sign of changed global alignments.

Shipping traffic through the Strait of Hormuz remains lower than its 10-day average following the US-Israeli war on Iran, which began on February 28. Before the conflict, the strait typically handled about 125 large commercial vessels a day, including tankers, gas carriers, bulkers and container vessels. The continued shortfall underscores lingering disruption to one of the world's most important oil and gas transit routes as operators remain cautious.

A Wall Street Journal opinion piece reports that British authorities have thwarted a possible terrorist attack in the United Kingdom. Details of the suspected plot, those arrested and how the operation unfolded are not provided beyond the headline. The intervention is being presented as a successful counterterrorism action by UK security services.

The United States has helped double the volume of oil leaving the Gulf, with the US military now guiding tanker ships through the region in broad daylight. The move signals a more visible American security presence along key shipping lanes, reassuring exporters and insurers that vessels can transit safely despite ongoing regional tensions affecting maritime traffic.

Saudi Arabia's oil exports have jumped roughly 80% to about 6 million barrels per day, a figure reported just days after a drone attack targeted the kingdom's energy infrastructure. Commentators are weighing the resilience of Saudi output against ongoing regional security risks, with analysts noting the kingdom's ability to sustain high shipments despite repeated threats to its facilities.

Iran is stepping up diplomatic efforts after Donald Trump rejected a peace plan concerning the Strait of Hormuz, a critical global oil shipping route. Iranian officials argue that only a negotiated solution can resolve tensions in the region. The rejection has raised concerns about escalation between Washington and Tehran and the potential impact on energy markets.

Iran is pressing a diplomatic opening over the Strait of Hormuz, but Donald Trump has rejected a peace proposal tied to the strategic waterway. The standoff leaves tensions unresolved in a region where any disruption to the strait would threaten global oil shipments. Observers are watching whether further diplomatic channels remain open between Tehran and Washington.

British authorities have reportedly detained five people near a US military base as part of an alleged Iran-linked terror plot. Donald Trump claimed the operation prevented a plan to cause 'big damage'. Details remain limited, and UK officials have not fully confirmed the nature of the alleged plot or the suspects' links.

US President Donald Trump has rejected an Iranian proposal to reopen the Strait of Hormuz within a week, according to i24NEWS. The waterway is a critical artery for global oil shipments, and Tehran's offer came amid heightened tensions over shipping access. The rejection leaves uncertainty over the strait's status and is drawing attention from markets and governments watching energy supply risks.

Iran says it remains committed to diplomatic solutions after Donald Trump rejected a peace plan concerning the Strait of Hormuz. Tehran's stance signals it still seeks negotiation despite Washington's dismissal of the proposal. The exchange keeps attention on tensions in the Persian Gulf, where the Strait of Hormuz remains a critical chokepoint for global oil shipments.

A late-night drive by masked men reportedly derailed a planned deadly terror attack targeting US troops on British soil. Details of how the plot was disrupted remain limited, with the report suggesting an unplanned encounter prevented an attack on American service members stationed in the United Kingdom. The alleged plot and its disruption have drawn attention to security concerns around US personnel in Britain.