A blockade of the strait, through which one-fifth of global oil consumption passes, would have a catastrophic impact on the ...

Middle East tensions threaten fuel and fertilizer flows via the Strait of Hormuz, raising global farm input costs and market ...

BP Plc, TotalEnergies SE and Eni SpA have reduced staff at oil fields in Iraq as a precaution, as tensions escalate in the region.

Nearly the entire southern border of Iran is populated by oil and gas fields, many of which are jointly operated with allies ...

Despite fears of rising prices due to tensions, oil prices fell after recent Iranian missile strikes, demonstrating a shift ...

Riyadh, May 26, 2025, SPA -- The governments of the Kingdom of Saudi Arabia and the State of Kuwait announced that Wafra Joint Operations have made a new oil discovery in (North Wafra Wara-Burgan) ...

With American B-2 bombers pummeling Iran this weekend, and Iran attacking a U.S. base in Qatar Monday, the region is suddenly ...

The US has a number of military bases in Iraq, including two air fields - the Al-Harir and Al Asad air bases - and dozens of ...

The war between Israel and Iran has raised concerns that Iran could try to close the Strait of Hormuz, the world’s most ...

Global oil markets jolted sharply upward on Monday after the United States bombed three of Iran’s key nuclear facilities over ...

This assertive posture aligns with Saudi Arabia’s broader economic vision, including the ambitious Vision 2030 plan to diversify its economy and reduce dependence on oil revenues. Managing oil ...