The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down gasoline prices as President Donald Trump escalates his attacks on Exxon Mobil XOM.Nand Chevron CVX.N for making "too much money."

Oil production in Brazil reached a record high in June as rising supplies from producers a world away from the Middle East cushion disruption from the fallout of the war in Iran.

A cargo ship transiting the Strait of Hormuz was struck by an unknown projectile late Monday, leaving one crew member missing and the ship disabled in the latest attack on...

The prospect of a deal between the US and Iran appeared to be gaining traction on Tuesday, after Qatar said a proposal had been drafted and American Treasury Secretary Scott Bessent sounded hopeful on an agreement to reopen the Strait of Hormuz.

Disruptions on one of Europe’s most important trade arteries are poised to intensify after the Rhine fell to the lowest on record ahead of the peak summer dry season, with conditions likely to worsen in the weeks ahead.

The U.S. Department of the Interior has proposed targeted changes to federal regulations governing exploratory oil and gas drilling in Alaska’s Arctic offshore, arguing the revisions will reduce unnecessary regulatory...

President Donald Trump declared Monday that the United States has complete control of the Strait of Hormuz and insisted negotiations with Iran are continuing, even as Tehran denied any talks...

Seafarer morale declined sharply in the second quarter of 2026 as the immediate shock of conflict in the Persian Gulf gave way to the grinding pressures of everyday life at...

Shipbroker and maritime services giant Clarksons reported record first-half earnings on Monday, saying disruption caused by the Strait of Hormuz crisis helped fuel exceptional trading conditions across global shipping markets...

Iran said on Monday there were no talks under way with the United States and no plans for any meetings, contradicting U.S. President Donald Trump who had cited talks he said would take place that afternoon as justification for calling off attacks.

The key Saudi export port of Yanbu in the Red Sea appeared to have its busiest day since Houthi threats upended shipping in the region, while more ships transited dark through the Bab el-Mandeb chokepoint.

By Zoltan Simon Aug 2, 2026 (Bloomberg) –Hungary is fully shutting down its sole nuclear power plant for the first time due to the record low levels of the Danube River,...