Luxury Yacht Linked to Russian Oligarch Passes Through Strait of Hormuz
The Nord, a 464-foot vessel, appears to be tied to Aleksei A. Mordashov, a Russian steel mogul who is under American and European sanctions.
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UAE to quit OPEC and OPEC+
UAE to quit OPEC and OPEC+ The United Arab Emirates said on Tuesday that it will leave the OPEC and OPEC+ oil cartels on 1 May, state media has reported. “This decision reflects the UAE's long-term strategic and economic vision and evolving energy profile,” the official WAM news agency said. The shock announcement could cause disarray in the groups of major oil producing countries and their de facto leader, Saudi Arabia, as the fallout from the war on Iran and the feud between the two Gulf kingdoms continues.
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United Arab Emirates says it is leaving Opec
United Arab Emirates says it is leaving Opec Submitted by Alex MacDonald on Tue, 04/28/2026 - 13:32 Gulf state to leave petroleum cartel from 1 May following regional energy shocks Off The United Arab Emirates has announced its withdrawal from the Organization of the Petroleum Exporting Countries (Opec). In a statement, the UAE energy ministry said it followed a "comprehensive review" of its production policy. "While near-term volatility, including disruptions in the Arabian Gulf and the Strait of Hormuz, continues to affect supply dynamics, underlying trends point to sustained growth in global energy demand over the medium to long term," read the statement.
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Ukraine accuses Israel of receiving shipments of grain 'stolen' by Russia
Israel's foreign minister says it has received no evidence to support the claim that a vessel carrying grain from occupied Ukraine has reached Haifa.
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From Hormuz to Lebanon, crisis reverberates through trade routes, upending humanitarian networks
Disruptions in the Strait of Hormuz continue to send shockwaves through global food systems, the UN Food and Agriculture Organization has warned, as a widening crisis across the Middle East continues to strain humanitarian operations and deepen instability.
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UK will tax soaring BP profits from Iran war, says Ed Miliband
UK will tax soaring BP profits from Iran war, says Ed Miliband Ed Miliband, the UK's energy and net zero minister, has said his government will tax windfall profits for companies like BP to help with the cost of living crisis fuelled by the war on Iran. Responding to news that BP's profits had more than doubled as the war on Iran spiked oil prices, Miliband initially said in a social media post that, "Profiting from a crisis is morally and economically wrong. " He then appeared to delete this message, rephrasing it as: "It would be completely wrong for a government to stand by and allow companies to make excess profits from a war.
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Sweden issues early warning of potential jet fuel shortage
Sweden issues early warning of potential jet fuel shortage Sweden is issuing an early warning of a potential jet fuel shortage because of the war on Iran, the country's energy minister Ebba Busch said on Tuesday. Busch said the warning was based on the "Energy Agency's assessment". Sweden could in a worst case scenario face rationing of aviation fuel, but the situation depends to on how the market adapts, said Energy Agency General Director Caroline Asserup.
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Two months offline: Iran blackout drives losses, access splits
Iran’s near-total shutdown of the global internet reached 60 days on Tuesday, worsening economic losses and social restrictions as authorities move toward selective access for some users and businesses.
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The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can
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.
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Oil Prices Jump Again as U.S.-Iran Talks Appear Deadlocked
Investors parsed reports that President Trump told advisers that he was not satisfied with Iran’s latest proposal to reopen the Strait of Hormuz.
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India in talks with US and Iran on key port Foreign Ministry
New Delhi says the Middle East conflict has complicated discussions regarding the development of Chabahar New Delhi is engaged in talks with Washington and Tehran on the development of a key port in Iran, the Indian Foreign Ministry has said. The statement comes after a temporary sanctions waiver by the US on the port of Chabahar in Iran ended on April 26.
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Iran using Hormuz as economic nuclear weapon Rubio
The US will not allow Tehran to control the critical chokepoint, the secretary of state has said US Secretary of State Marco Rubio has accused Iran of using the Strait of Hormuz as an "economic nuclear weapon," stressing that Washington will not accept the reopening of the waterway on Tehran's terms and postponing talks on its nuclear program.
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Iran using Hormuz as 'economic nuclear weapon' - Rubio
The US will not allow Tehran to control the critical chokepoint, the secretary of state has said US Secretary of State Marco Rubio has accused Iran of using the Strait of Hormuz as an "economic nuclear weapon," stressing that Washington will not accept the reopening of the waterway on Tehran's terms
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Russian superyacht sails through Strait of Hormuz despite blockade
The 141m-long vessel, linked to a close ally of Russian President Vladimir Putin, cleared the waterway despite an ongoing blockade.
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Spokesman Condemns US Seizure of Iranian Oil Tankers as Piracy
TEHRAN (Tasnim) – The Iranian Foreign Ministry’s spokesperson condemned the US actions targeting Iranian oil shipments as “piracy”, stressing that the United States must be held accountable for violations of international law and maritime security.
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Spokesman Raps EC President’s Hypocritical, Shameful Insistence on Iran Sanctions
TEHRAN (Tasnim) – Spokesperson for the Iranian Foreign Ministry Esmaeil Baqaei denounced the European Commission president’s remarks on maintaining sanctions against Iran as hypocritical and disgraceful, and dismissed the human rights justification as a pretext.
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Satellite images show Iran tankers clustering near Chabahar
Satellite images show Iran tankers clustering near Chabahar Bloomberg reported that satellite images show multiple Iranian oil tankers gathering near the port of Chabahar, outside the Strait of Hormuz. The images identified at least eight large tankers alongside smaller vessels in the area. According to the report, the build-up suggests Iran continues loading oil, while also reflecting the impact of the United States blockade, which is limiting the movement of crude to global markets and creating a bottleneck near export routes.
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Iran slams EU sanctions, condemns US tanker seizures
Iran slams EU sanctions, condemns US tanker seizures Iran’s foreign ministry spokesman Esmail Baghaei criticised the European Union, saying its sanctions reflect “double standards” and “hypocrisy”, and were “never about human rights” but instead harm ordinary citizens. Baghaei also condemned the United States for seizing Iranian-linked tankers, calling the actions “outright piracy and armed robbery on the high seas”. Iranian officials have warned that such measures undermine international law and maritime security as enforcement actions in the region intensify.
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US Hits Iran's 'Shadow Banking' Network With New Sanctions
New posts 22:09 US Hits Iran's 'Shadow Banking' Network With New Sanctions The US has announced new sanctions targeting 35 entities and individuals tied to Iran's covert financial network. Announcing the move, State Department spokesperson Tommy Pigott said that Iran's shadow banking operations have "enabled the transfer of tens of billions of dollars to evade sanctions.
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US Flags Sanctions Risk Over China "Teapot" Refineries
New posts 08:42 US Flags Sanctions Risk Over China "Teapot" Refineries By RFE/RL The US Treasury Department has warned that China-based independent "teapot" refineries, especially in Shandong Province, pose sanctions risks due to their role in importing Iranian crude oil.
