Middle East
News
March 23, 2026
Oil prices plunged after President Trump signaled potential talks with Iran, though disruptions in the Strait of Hormuz continue to constrain global supply, keeping markets volatile despite hopes for a near-term de-escalation.
News
March 23, 2026
Aramco’s CEO has pulled out of CERAWeek as the Middle East conflict intensifies, highlighting the growing strain on oil supply, export routes and global markets tied to disruptions in the Strait of Hormuz.
News
March 22, 2026
U.S. officials say military operations against Iran are targeting positions near the Strait of Hormuz, a key global oil chokepoint, as escalating conflict raises risks to crude flows and keeps energy markets on edge.
News
March 20, 2026
Iraq has declared force majeure on foreign-operated oilfields after Strait of Hormuz disruptions halted crude exports, Reuters reported, forcing sharp production cuts and tightening global supply amid escalating regional conflict.
News
March 20, 2026
Attacks on Qatar’s Ras Laffan hub have removed nearly 20% of global LNG supply, with Wood Mackenzie warning the disruption could last months—or longer—tightening markets, delaying new capacity and reshaping global gas flows.
News
March 19, 2026
An Iranian strike on Qatar’s Ras Laffan complex could remove 17% of the country’s LNG export capacity for up to five years, Reuters reported. The disruption would raise long-term supply risks for global gas markets and key buyers in Europe and Asia.
News
March 19, 2026
Shell confirmed damage to its Pearl gas-to-liquids (GTL) plant following an Iranian strike on Qatar’s Ras Laffan Industrial City, highlighting escalating risks to critical LNG and downstream infrastructure in the Middle East.
News
March 19, 2026
The UK and allied nations are urging Iran to halt attacks on energy infrastructure and restore shipping through the Strait of Hormuz, as disruptions threaten global oil and gas supply chains and intensify pressure on energy markets.
News
March 19, 2026
Oil and gas prices surged after strikes hit key Gulf energy infrastructure, including Qatar’s Ras Laffan LNG complex and refineries in Saudi Arabia, Kuwait and the UAE, raising concerns over prolonged supply disruptions and tighter global markets.
News
March 18, 2026
Iran and Israel have exchanged strikes on major energy infrastructure, including Qatar’s Ras Laffan LNG hub and Iran’s South Pars field, raising global oil and gas supply risks as Brent crude approaches $110 and Hormuz disruptions persist.
News
March 18, 2026
U.S. Vice President JD Vance will meet with oil industry executives at the American Petroleum Institute as fuel prices surge following the Iran conflict, with discussions expected to focus on supply, production and market stabilization efforts.
News
March 18, 2026
Saudi Aramco has restarted operations at its 550,000-bpd Ras Tanura refinery after a drone-related shutdown, restoring a key supply hub as Gulf energy infrastructure remains under pressure from ongoing regional conflict and shipping disruptions.
News
March 18, 2026
Iran has warned that oil and gas infrastructure across the Gulf could become targets following a strike on the South Pars gas field, raising concerns over regional supply disruptions and escalating risks to global energy markets.
News
March 17, 2026
Iran has intensified drone attacks on Saudi Arabia, targeting key oil-producing regions and raising concerns over potential disruptions to Gulf energy infrastructure, shipping routes and global oil supply amid escalating regional conflict.
News
March 12, 2026
TotalEnergies has restarted production at Libya’s Mabruk oil field with a new 25,000-bpd facility, marking the return of output from the onshore field after operations halted in 2015.
News
March 10, 2026
Oil prices plunged more than 12% as traders struggled to interpret conflicting signals about tanker traffic and possible U.S. naval escorts through the Strait of Hormuz, the critical chokepoint that handles roughly one-fifth of global oil supply.
News
March 03, 2026
A sustained disruption to Strait of Hormuz transit could push Brent toward $110 and tighten global LNG markets, EY-Parthenon warns. While a short-lived escalation may produce only temporary price spikes, a prolonged interruption could trigger a major supply shock and recession risk.
News
March 03, 2026
Enverus warns that escalating Strait of Hormuz risks could remove up to 14 MMbpd of crude and 20% of global LNG from trade flows, potentially pushing Brent prices sharply higher if disruptions persist.
News
March 03, 2026
Energy infrastructure across the Gulf is under mounting pressure as refinery outages, drone strikes and a near-total halt in Strait of Hormuz tanker traffic drive Brent above $83/b. An analyst warns that refined products — not crude — may face the greatest volatility if disruptions persist.
News
March 03, 2026
Drone debris triggered a major fire at the Fujairah oil storage and export hub in the UAE, disrupting terminal operations and highlighting risks to Gulf crude flows outside the Strait of Hormuz.
News
March 02, 2026
Upstream oil producers accelerated 2026 hedging programs after crude prices surged on Middle East tensions, using swaps to lock in cash flow, manage volatility and capitalize on a widening backwardated futures curve.
