- Sep 21
Europe Faces 510,000 Barrel Daily Jet Fuel Deficit as South Korean Imports Hit Four-Year High
A fourth-quarter shortfall of 510,000 barrels per day has pushed European buyers toward distant Asian refiners as regional inventories drop to a seven-year low.
- Sep 17
US diplomats meet Houthi delegates in Oman as Washington declines direct role in Yemen
US embassy personnel held unpublicized talks with Houthi officials in Muscat, securing assurances on commercial shipping while Washington rejected Saudi requests for direct military intervention.
- Sep 14
Oil rises past $107 a barrel after drone strike shuts Saudi East-West pipeline
Brent crude climbed past $107 per barrel on 14 September 2026 following drone attacks that shut Saudi Arabia's East-West pipeline, threatening up to 4% of global oil supplies.
- Sep 13
Oman postpones Gulf ministerial summit on Strait of Hormuz deal after regional objections
Oman and Iran delayed a foreign ministers meeting in Salalah intended to unveil a transit agreement after Bahrain announced a boycott and Saudi Arabia requested changes to the draft.
- Sep 6
Iran to declare maritime exclusion zone near Strait of Hormuz in coming days
Tehran will establish a restricted maritime zone extending from the US naval blockade line into the Persian Gulf, sanctioning any vessel that enters.
- Aug 25
Iran and Oman Discuss Seven-Mile Strait of Hormuz Corridor and Demining Plan
Foreign ministers in Tehran outlined a phased framework for an 11-kilometer navigation route through the Strait of Hormuz as technical teams prepare joint demining protocols.
- Aug 23
Iran grants special permits for Iraqi oil tankers to navigate Strait of Hormuz
State news agency Irna confirmed on 22 August 2026 that Tehran permitted selected Iraqi crude shipments across the chokepoint over the past six months, even as Iran prepares future transit fees and holds talks with Oman.
- Aug 18
Pezeshkian calls to end US conflict as Washington expands economic sanctions
Iranian President Masoud Pezeshkian says Tehran wants to conclude the six-month war from a position of strength, while Washington threatens third-party trade penalties and coordinates oil transit through the Strait of Hormuz.
- Aug 9
Iran sets six conditions for reopening Strait of Hormuz as talks with Oman near final stages
Iran's Supreme National Security Council laid out six sweeping demands on Washington, from lifting sanctions to paying war reparations, before it will reopen the strategic Strait of Hormuz to shipping.
- Aug 9
Trump threatens Oman with bombing as 60-day US-Iran peace deal expires
Donald Trump announced the United States will not extend its 60-day memorandum with Iran, issuing military threats against Oman as shipping through the Strait of Hormuz remains restricted.
- Aug 3
Iran denies any talks with US, says only Oman consultations underway on Strait of Hormuz safe passage
Iran's foreign ministry on Monday denied any current negotiations with the United States, hours after President Trump said talks would begin that afternoon and that he had called off a planned military strike.
- Aug 1
US embassies across Middle East tell Americans to prepare to leave as Iran conflict widens to Egypt
Diplomatic missions in Amman, Jerusalem, Muscat, Baghdad and Beirut issued coordinated alerts on Saturday after a drone strike hit a Greek gas carrier and a US floating gas depot at an Egyptian port.
- Jul 27
US and Iran pause attacks after 13 nights of airstrikes, oil drops 6% as diplomacy gains room
After 13 consecutive nights of US airstrikes on Iran and retaliatory attacks on American allies, both sides have held fire for two days. Behind-the-scenes talks via Oman, Qatar and Pakistan are underway, while Brent crude fell 6% to $91.
- Jul 27
Oil tanker explodes in Strait of Hormuz after hitting mine, Iranian media report
Iranian state-linked media say a tanker deviated from a prescribed route and switched off its radar before striking a sea mine. No Western confirmation has been issued.
- Jul 26
US pauses Iran strikes for second day as Oman-mediated talks on Strait of Hormuz advance
Washington suspended bombings for a second day as Omani mediators held talks in Tehran on safe passage through the Strait of Hormuz, while both sides signalled openness to a negotiated end to the nearly two-week escalation.
- Jul 26
Trump offers Iran 'last chance before decapitation' as oil drops; Tehran denies talks, demands Strait of Hormuz control
President Trump said he is giving Iran 'one last chance before decapitation,' while Brent crude fell nearly 5% to just over $83 a barrel. Iran insists it is not negotiating with Washington, only with Oman on a new shipping route through the Strait of Hormuz.
- Jul 26
Trump says he will declare Strait of Hormuz US territory as Iran rejects the claim
President Donald Trump told a rally in Garden City, New York, that he would soon declare the Strait of Hormuz US territory, prompting Iran's deputy foreign minister to insist the waterway 'will remain Iranian.' The 60-day memorandum of understanding expires on Monday 17 August.
- Jul 26
US immobilizes two tankers, boards others as Iran blockade intensifies; Trump says discussions ongoing
US forces redirected 12 commercial ships, immobilized two tankers and boarded two more in the Gulf of Oman and Arabian Sea over the weekend, CENTCOM stated. President Trump said the US remains in talks with Tehran even as he considers larger-scale bombing.
- Jul 25
Iran threatens to kill one US soldier for each Iranian death, rejects ceasefire over Hormuz demands
Tehran's top military command declared it would kill one American soldier for every Iranian killed, while US airstrikes continued for a 13th night and Iran's foreign minister insisted any ceasefire must address demands over the Strait of Hormuz.
- Jul 12
Iran’s new supreme leader vows revenge, freezes talks as Trump declares Strait of Hormuz ceasefire over
Supreme Leader Mojtaba Khamenei pledged to avenge his father’s killing and Iran suspended negotiations hours after President Trump declared the three-week ceasefire dead, while diplomats gathered in Oman.