Oil (Petroleum) and Gasoline – Page 7 – War Watch

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Loss of Emirates Further Weakens OPEC’s Influence
ByIvan Penn and Rebecca F. Elliott April 29, 2026April 29, 2026

The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.

Read More Loss of Emirates Further Weakens OPEC’s Influence
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Treasury Issues More Sanctions on Iranian Oil Exports
ByAlan Rappeport April 28, 2026April 28, 2026

The measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.

Read More Treasury Issues More Sanctions on Iranian Oil Exports
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It’s Not Just War That’s Making the U.A.E. Leave OPEC
ByVivian Nereim and Ismaeel Naar April 28, 2026April 29, 2026

The United Arab Emirates’ decision to leave OPEC has rocked the region, underscoring how the country, at odds with Saudi Arabia, is increasingly charting its own course.

Read More It’s Not Just War That’s Making the U.A.E. Leave OPEC
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UAE Says It Will Leave OPEC as Iran War Strains Oil Markets
ByVivian Nereim April 28, 2026April 28, 2026

The Gulf government has long complained about the group’s quotas, which officials believe unfairly limited its exports. Its departure is expected to weaken OPEC’s influence.

Read More UAE Says It Will Leave OPEC as Iran War Strains Oil Markets
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The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can
ByIvan Penn April 28, 2026April 28, 2026

Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.

Read More The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can
Embargoes and Sanctions | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Oil (Petroleum) and Gasoline | Ships and Shipping | Treasury Department | US and Israeli Attack on Iran (2026)

U.S. Unveils More Sanctions Targeting Iran’s Shadow Fleet
ByAlan Rappeport April 24, 2026

The Treasury Department also targeted a top independent Chinese refinery that it said was a major buyer of Iranian petroleum.

Read More U.S. Unveils More Sanctions Targeting Iran’s Shadow Fleet
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Iran and U.S. Blockades in the Strait of Hormuz: What to Know
ByPranav Baskar April 24, 2026April 25, 2026

The foes are trying to exert control over the narrow passageway. Most ships aren’t moving. Here’s what to know.

Read More Iran and U.S. Blockades in the Strait of Hormuz: What to Know
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Trump Extends Waiver Allowing Foreign Ships to Move Goods Between U.S. Ports
ByPeter Eavis April 24, 2026April 24, 2026

The move was intended to ensure the flow of fuel in the United States, but some economists say it might reduce gas prices for consumers only a small amount.

Read More Trump Extends Waiver Allowing Foreign Ships to Move Goods Between U.S. Ports
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How the Iran War Is Morphing Into a Volatile Standoff in the Strait of Hormuz
ByAnton Troianovski April 23, 2026April 23, 2026

The conflict has morphed into a volatile standoff in the Strait of Hormuz, as the economic costs mount and President Trump faces a political backlash at home.

Read More How the Iran War Is Morphing Into a Volatile Standoff in the Strait of Hormuz
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Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
ByEmmett Lindner April 23, 2026

The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.

Read More Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline