Strait of Hormuz blockade affects everyone - Russian Foreign Ministry
The restricted shipping in the Strait of Hormuz and the U.S. naval blockade of Iran affect Russia, Russia's Deputy Foreign Minister Alexander Pankin said.
oil prices
Oil prices rising on Strait of Hormuz tensions
Oil prices extended their gains on Thursday, rising more than $1 in the wake of stalled peace talks between Iran and the U.S. and as both nations maintained restrictions on the flow of trade through the Strait of Hormuz. …
Unblocking Strait of Hormuz to take six months - report
The U.S. military estimates that it may take up to six months to fully clear the Strait of Hormuz of mines, The Washington Post reported, citing sources.
Russian oil exports to China up 31 percent
Russia’s crude oil supplies to China have increased by 31% in Q1 2026 year-on-year to 31.86 mln tons, according to figures released by the General Administration of Customs of China.
Oil prices jump once again
Oil prices rose sharply on Monday, after the U.S. seizure of an Iranian vessel hit hopes for a peace deal.
Washington expects oil prices to peak in coming weeks
Oil prices are likely to hit their peak "in the next few weeks" once ship traffic resumes through the Strait of Hormuz, U.S. Department of Energy Secretary Chris Wright said.
Oil price to exceed 150 per barrel - Dmitriev
Russian president’s special envoy for investment and economic cooperation with foreign countries and CEO of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev has warned that oil price may surpass $150 per barrel already this week.
Oil prices fall sharply after US-Iran ceasefire announced
Oil prices have fallen sharply and stock markets have soared on news of a two-week ceasefire between the United States and Iran.
OPEC plus to ramp up oil output in May
Eight leading OPEC+ countries have decided to increase oil production by 206,000 barrels per day (bpd) in May (compared to April levels), the organization’s statement said.
Oil price may exceed 150 per barrel - Dmitriev
The price of oil on the global market could exceed $150 per barrel in the next two weeks, special presidential envoy and Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev stated.
Azeri Light oil price soars to over 130 dollars
The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved up by $4.3, or 3.36%, on March 31 from the previous level, coming in at $132.35 per barrel, a source in the oil market said.
Oil retreats on hopes of Iran war resolution
Oil prices briefly fell below $100 a barrel and shares opened higher in Europe on Wednesday after U.S. President Donald Trump said the U.S. will leave Iran in "two to three weeks" regardless of whether a deal is struck with Tehran.
Russia refuses to supply oil to countries supporting price cap
Russia will not supply oil to the countries that maintain a price ceiling, Deputy Foreign Minister Andrey Rudenko said. The energy markets …
Türkiye's energy import spending increases to 8 billion dollars per month
Due to the conflict in the Middle East, Türkiye's energy import spending has increased by 60% in the past month, reaching $8 billion, according to media reports.
Demand for Russian oil increasing - Peskov
The demand for Russian oil is high globally and Russia may soon find it difficult to satisfy it, Kremlin Spokesman Dmitry Peskov said.
China puts limits on fuel price hikes
China has limited the amount by which the country’s fuel costs can rise, the government announces, as oil prices have surged due to the Middle East war.
Oil prices plummeted after Trump announced halt to strikes on Iran's energy sector
Oil prices fell after Trump announced a temporary halt to US strikes on Iranian energy infrastructure, with Brent crude falling below $100 per barrel.
Azeri Light crude oil rises above 120 dollars per barrel
Azerbaijani Azeri Light crude oil prices have surpassed the $120 per barrel threshold. At the same time, global markets are indicating a significant increase in the prices of major energy commodities.
Iranian Parliament proposes charging tolls for passage of ships through Strait of Hormuz
Iranian MP Somayeh Rafiei has proposed to impose a toll for the safe passage of ships through the Strait of Hormuz.
Brent oil price reach 117 dollars per barrel
Brent oil futures with delivery in May 2026 climbed to as high as $117 a barrel on the London-based ICE today for the first time from March 9, according to trading data.
