Oil – Page 3 – War Watch

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Fuel tankers burst into flames in Iraqi waters after suspected Iranian boat attacks – video
ByGuardian staff March 12, 2026

Iranian boats appear to have attacked two fuel tankers, which were seen ablaze after projectiles struck three vessels in Iraqi waters, port officials said. The ships targeted in late-night armed boat attacks in the Gulf near Iraq were the Marshall Isla…

Read More Fuel tankers burst into flames in Iraqi waters after suspected Iranian boat attacks – video
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US intelligence sees direct attacks by Iran on oil tankers as greater risk than mines
ByHugo Lowell in Washington March 11, 2026

Strait of Hormuz, key transit passage for global oil trade, has been effectively shut down by Islamic Revolutionary GuardSign up for the Breaking News US email to get newsletter alerts in your inboxUS intelligence reporting sees direct attacks by Iran …

Read More US intelligence sees direct attacks by Iran on oil tankers as greater risk than mines
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Iran escalates attacks on infrastructure and transport networks across the Gulf
ByJason Burke, Jerusalem March 11, 2026March 11, 2026

Iranian officials warn of ‘war of attrition’ and global economic chaos as energy supplies are throttledMiddle East crisis – live updatesIran dramatically escalated its strategy of striking civilian infrastructure and transport networks across the Gulf …

Read More Iran escalates attacks on infrastructure and transport networks across the Gulf
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Countries must seek energy independence through renewables and nuclear, says John Kerry
ByFiona Harvey Environment editor March 11, 2026

Former US secretary of state says oil shock driven by war in Iran highlights dangers of reliance on fossil fuelsMiddle East crisis live – latest updatesCountries must seek energy independence through renewable resources and nuclear energy for their nat…

Read More Countries must seek energy independence through renewables and nuclear, says John Kerry
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Will releasing millions of barrels of oil stockpiles really bring down fuel costs?
ByHeather Stewart March 11, 2026March 11, 2026

Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress pricesIEA orders largest ever release of stockpiled oil to reduce crude priceHow the Iran conflict could affect energy prices – vide…

Read More Will releasing millions of barrels of oil stockpiles really bring down fuel costs?
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IEA orders largest ever release of stockpiled oil to reduce crude price
ByJoanna Partridge March 11, 2026March 11, 2026

Members agree unanimously to release about 400m barrels amid market volatility caused by Iran warBusiness live – latest updatesMiddle East crisis live – latest updatesThe International Energy Agency has ordered the largest release of government oil res…

Read More IEA orders largest ever release of stockpiled oil to reduce crude price
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How Iran has used the strait of Hormuz to throttle oil and gas – a visual guide
ByJillian Ambrose. Graphics by Lucy Swan, Harvey Symons and Heidi Wilson March 11, 2026

The Tehran regime has weaponised geography in retaliation for the attacks by the US and Israel Global oil markets have recorded some of the biggest price swings in history this week after the US-Israeli war with Iran throttled the flow of Middle Easter…

Read More How Iran has used the strait of Hormuz to throttle oil and gas – a visual guide
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Why Iran’s vital Kharg Island oil hub is still untouched by US-Israel bombers
ByDan Sabbagh Defence and security editor March 11, 2026

While some argue for destroying the terminal though which 90% of Iran’s oil exports flow, others caution of a global market ‘tailspin’Kharg Island – through which 90% of Iran’s oil exports flow – is arguably the country’s most sensitive economic target…

Read More Why Iran’s vital Kharg Island oil hub is still untouched by US-Israel bombers
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Three merchant ships struck as tensions rise in Hormuz strait amid Iran war
ByMark Saunokonoko and agencies March 11, 2026March 11, 2026

Crew of Thai-registered bulk carrier forced to flee fire, as US says it has destroyed 16 Iranian mine-laying vesselsMiddle East crisis live – latest updatesThree merchant ships have been struck in and around the strait of Hormuz, including a Thai regis…

Read More Three merchant ships struck as tensions rise in Hormuz strait amid Iran war
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How are EU and member states reacting to energy crisis triggered by Iran war?
ByLisa O’Carroll March 10, 2026

Prospect of Trump easing US sanctions on Russian oil is a nightmare for the bloc as nations work out how to respond Middle East crisis – live updatesThe Iran war has thrown global oil and gas flows into chaos and the prospect of Donald Trump easing US …

Read More How are EU and member states reacting to energy crisis triggered by Iran war?