IEA countries to meet later Tuesday on release of oil reserves, but no decision made yet
The International Energy Agency will convene an extraordinary meeting of its member countries Tuesday to discuss a possible release of oil stockpiles to address...
Oil tops $100 as big Middle East producers cut output amid Iran war
Crude oil prices surged above $100 per barrel on Sunday, after major Middle East producers cut output because the critical Strait of Hormuz remains...
Kuwait cuts oil production due to Strait of Hormuz closure
Kuwait said Saturday that it has cut oil production and refining output because tankers cannot transit the Persian Gulf due to threats from Iran....
Trump admin announces $20 billion insurance program for oil tankers
The Texas Voyager oil tanker sits anchored off the coast of Chevron's El Segundo Refinery in El Segundo, California on March 4, 2026. Patrick...
Trump wants Navy escorts for tankers in the Gulf. Why it may not work
President Donald Trump is ready to use the U.S. Navy to escort oil tankers through the Strait of Hormuz as the war against Iran...
