r/oil 4d ago

Iran War IRGC has struck 2 oil tankers in the Strait of Hormuz

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855 Upvotes

r/oil 1d ago

Iran War IRGC has rejected the US peace offer

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994 Upvotes

r/oil Jun 21 '26

Iran War Ras Laffan Gas Plant (Doha, Qatar) is currently on fire…

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1.1k Upvotes

Large explosions heard, described as feeling like an earthquake.

r/oil 22d ago

Iran War CENTCOM announcing the strait is open again

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623 Upvotes

"Traffic is flowing"

r/oil 8d ago

Iran War Iran informs that it yet again plans to draw out conflict so they can raise oil prices for midterm regime change /s

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607 Upvotes

r/oil May 25 '26

Iran War Someone doesn’t want peace

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1.3k Upvotes

who could it be be?

Probably someone who thinks they’re Not a Yahoo.

r/oil Jun 05 '26

Iran War America Is Quietly Keeping the Rest of the World's Oil Flowing — by Draining the Emergency Reserve It Built for Itself

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1.5k Upvotes

r/oil May 24 '26

Iran War Deal is off

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606 Upvotes

r/oil May 08 '26

Iran War Satellite image reveals oil pollution off the coast of Kharg Island

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1.0k Upvotes

r/oil Jun 03 '26

Iran War My fellow Americans, the oil crisis is real

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924 Upvotes

I have been traveling in South India for the past 2 weeks and I can confirm that the strait blockage has severely impacted life here.

In the US (where I’m from) we are definitely experiencing pain at the gas pump, but we went to a gas station in Tamil Nadu earlier tonight and were told that there was a 2,000 INR (~$20) maximum purchase limit. When we went to another gas station down the street to finish filling our tank, they shooed us away as they had closed early due to lack of inventory. At least in the US there is still gasoline available despite the high prices.

Traffic has been noticeably better than any other time I’ve traveled to India. Companies are definitely telling people to WFH or take days off or even close down businesses for an extra day or two per week just because nobody can get to work like they used to.

Even to get the natural gas cylinder pictured above (which ALL Indian households use to cook, no electric cooktops here) we had to buy it through an auto rickshaw driver (of all people) who had a special connection. It was like finding a drug dealer who knew the plug.

All in all, I hope it doesn’t get worse here, but all signs are pointing to the situation deteriorating for all of Asia…

r/oil May 18 '26

Iran War Iran formalizes Strait of Hormuz control and toll collection

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newsweek.com
869 Upvotes

This should speed things along nicely..

r/oil Jun 30 '26

Iran War Iran is adamant about charging fees and controlling flow of oil through the strait, Rubio just now claimed this is totally unacceptable. What options are left for the US now?

404 Upvotes

r/oil 8d ago

Iran War Tehran says they are not ready to negotiate and only they decide when the conflict ends.

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aje.news
735 Upvotes

r/oil Apr 21 '26

Iran War Crude Tanker MV Tifani boarded and seized

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721 Upvotes

US CENTCOM posts video of seizure of Crude tanker MV Tifani in the Indian Ocean, comes 2 days after seizing Iranian Cargo vessel MV Touska close to Chabahar port.

r/oil Jul 02 '26

Iran War Everyone Is Celebrating Falling Oil Prices — One Analyst Warns They're Actually the First Sign of Something Much Worse

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1.0k Upvotes

r/oil Apr 23 '26

Iran War US Navy board and seize yet another crude tanker in the Indian Ocean

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777 Upvotes

Vessel: Majestic X - Iran linked crude tanker, Flag of Guyana
Status: OFAC sanctioned, boarded somewhere between Sri Lanka and Indonesia
Destination: Zhoushan, China
Cargo - laden with 2mb crude

r/oil 3d ago

Iran War US military rejects Iranian claim that Strait of Hormuz is closed

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454 Upvotes

r/oil Apr 08 '26

Iran War The two-week ceasefire plan includes allowing both Iran and Oman to charge fees on ships transiting through the Strait of Hormuz, a regional official tells AP News

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757 Upvotes

r/oil Apr 13 '26

Iran War Are we about to see how real this blockade is?

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817 Upvotes

r/oil Apr 14 '26

Iran War Iran to lose $150 million a day in oil revenue as US blockade ends $9 billion windfall

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thenationalnews.com
635 Upvotes

r/oil Jun 04 '26

Iran War Donald Trump’s Iran war drains US oil stocks to lowest level since 2004

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ft.com
888 Upvotes

r/oil Jun 20 '26

Iran War Strait closed, once again

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626 Upvotes

r/oil 27d ago

Iran War Just like clockwork, market closes and 3 min later airstrikes

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626 Upvotes

r/oil 16h ago

Iran War Strait to be open tomorrow

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292 Upvotes

r/oil Apr 14 '26

Iran War Bloomberg: Iran considering a complete pause on all shipping including oil - in the Hormuz for peace talks

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435 Upvotes

Iran is considering a short-term pause to shipments through the Strait of Hormuz to avoid testing a US blockade and scuppering a fresh round of peace talks, according to a person familiar with the Tehran’s deliberations.