Oil exports

Iran accused the US of violating a peace agreement after US military strikes targeted sites around the strait of Hormuz. The strikes followed Iranian attacks on three commercial vessels transiting the strait, which the US claimed violated a ceasefire. The US also revoked a temporary sanctions waiver for Iran's oil exports.

The US launched attacks on Sirik, Bandar Abbas, and Qeshm in Iran following explosions linked to Hormuz attacks. The strikes occurred after the US revoked waivers on Iranian oil exports.

Canada’s Carney has secured a deal for a pipeline project aimed at expanding oil exports beyond the United States. Ottawa states the pipeline will reduce economic dependence on the US amid Donald Trump's trade war.

Saudi oil exports are nearing pre-war levels as shipments through the Hormuz Strait increase. Saudi ships have ramped up export volumes from Ras Tanura in recent days.

Iran's President Masoud Pezeshkian announced the easing of some financial and foreign-exchange restrictions in ongoing talks with the US, including continued oil exports. US President Donald Trump described the negotiations as 'very good' and noted Iran's progress, while emphasizing Iran cannot have a nuclear weapon.

Mexico's exports grew by 25.4% year-on-year in May 2026, reaching $69.54 billion, driven by 25.6% growth in non-oil exports and 18% in oil exports. The trade surplus for the month was $2.26 billion, contributing to a cumulative surplus of $5.77 billion for January-May 2026, up from $918 million in the same period in 2025.

Iraq, a founding OPEC member, has urged the organization to increase its oil production quota due to industry damage from past conflicts and the recent US-Israeli war on Iran. The oil ministry emphasized the need to reassess production baselines to align with Iraq's sustainable capacity and unique security-economic circumstances.

The US has temporarily allowed Iran to export oil and pledged billions to address the crisis caused by the war. However, with ordinary Iranians struggling, Tehran is concerned about potential new protests.

Operation Epic Fury revealed a strategic oversight in US military actions against Iran. While US strikes damaged Iranian military assets, Iran's economic resilience, particularly through Kharg Island's role in 90% of its oil exports, allowed it to endure. The US focused on missiles and proxies rather than targeting the economic system sustaining Iran.

Angola's oil export revenue decreased by 22% to $24.4 billion in 2025 due to weakened crude prices. The decline highlights the need for diversification in Africa's second-largest oil producer.

U.S. President Donald Trump threatened to strike Iran and seize control of its Kharg Island oil terminal, escalating tensions as ceasefire negotiations stall. The Strait of Hormuz has been disrupted, affecting global energy supplies, while the U.S. and Iran exchanged strikes, heightening regional conflict.

The U.S. trade deficit decreased to $55.9 billion in April as oil exports reached a record high, contributing to total exports of $327.1 billion, an all-time record.

The EU is preparing its 21st sanctions package against Russia, focusing on restricting oil exports, expanding sanctions on energy companies, and targeting shadow fleet vessels. The measures may also include penalties against Russian Orthodox Patriarch Kirill.

The French Navy, with support from the United Kingdom, intercepted a sanctioned oil tanker traveling from Russia. The action is part of efforts by nations supporting Ukraine to target Russian oil exports that fund President Vladimir Putin’s war.

Iran's blockade of the Strait of Hormuz has disrupted freedom of navigation, casting doubt on whether oil exports through the region will return to pre-Iran war levels.

Transporting oil to China via rail is a limited solution for Iran's export challenges and cannot fully replace sea-based oil trade. The overland route offers a restricted lifeline for Tehran but is insufficient as a substitute for maritime exports.

Britain has imposed new sanctions on the A7 crypto network, which is being used to support Russia's wartime economy and facilitate payments for Russian oil exports.

Saudi Arabia's oil exports reached their highest value in three years during March, driven by increased global demand and higher oil prices. This surge reflects the Kingdom's recovery in petroleum revenues and strengthens its position as a major global oil producer.

The US is becoming the last resort oil supplier as disruptions in the Hormuz Strait worsen. US Gulf Coast exports are constrained by infrastructure and shipping limitations, capping consistent crude oil shipments.

The US is being urged to increase oil exports to Britain to mitigate the impact of the Iran fuel crisis on British family holidays. The crisis in Iran is causing disruptions that threaten to affect travel and holiday plans.

Venezuela's oil exports have reached 1 million barrels per day in the post-Maduro era, with the Paraguana Refinery Complex in Punto Fijo, Falcon State, playing a key role in this increase.

Saudi Arabia's Hormuz Oil Bypass has not yet achieved full export capacity, as indicated by oil tankers moored at Yanbu crude berths on April 8, 2026. The bypass is intended to circumvent the Strait of Hormuz but remains operational at reduced levels.

U.S. oil exports are surging due to the Iran war and Strait of Hormuz blockage, but infrastructure limits on the Gulf Coast may cap growth. Experts predict a 'soft ceiling' for crude exports and note declining domestic fuel inventories could force refiners to reduce exports.

The U.S. has begun naval patrols in the Strait of Hormuz to disrupt Iran's oil exports, but experts warn that enforcing such blockades is complex and unpredictable. The White House aims to cut Iran's oil revenue, though the effectiveness of this strategy remains uncertain.

The U.S. has begun naval patrols in the Strait of Hormuz to disrupt Iran's oil exports, a move the White House claims aims to cut Iran's revenue. However, experts warn that enforcing such blockades is complex and unpredictable due to geopolitical and logistical challenges.

Rep. Jason Crow (D-Colo.) claims Russia is the 'real winner' of the U.S. blockade in the Strait of Hormuz, which disrupted oil exports and raised global prices. Crow questions the blockade's effectiveness, noting Iran had already been blockading the strait.

Iran generated $5bn in oil exports last month while blocking the Strait of Hormuz to most ships, but this revenue is now at risk due to the US-imposed blockade. The situation raises questions about Iran's ability to mitigate economic harm from the maritime disruption.

Reps. Eric Swalwell and Tony Gonzales are resigning due to misconduct allegations. The U.S. and Iran are both restricting oil exports. Donald Trump removed a controversial post following a dispute with the Pope.

Brazil's foreign minister announced the country is prepared to increase oil exports to Japan, signaling strengthened bilateral trade relations. The statement reflects Brazil's commitment to expanding its energy sector partnerships in Asia.