Crude oil

South Korea may use fuel price cap to curb consumer prices

The rising risk of a drawn-out conflict has particular significance for South Korea, the world's fourth-largest oil importer, which gets around 70% of its oil from the Middle East.

Thailand to boost fuel reserves, bids to secure LNG amid Iran crisis

China urges domestic refiners to suspend fuel exports amid Mideast war

What's in China's new 5-yr plan for commodity markets

India's MRPL shuts refining units due to oil shortage

Charting the widening impact of the Iran crisis on energy markets

The repercussions of the ongoing U.S.-Iran war are being felt across the world, with U.S. fuel prices, European natural gas costs and Asian tanker freight rates all jumping sharply since strikes began at the weekend.

More tankers come under attack as U.S.-Iran conflict spreads in the region

Nine vessels have come under attack since the conflict broke out between the U.S., Israel and Iran on Saturday. Iran launched a wave of missiles at Israel early on Thursday and also sent drones into Azerbaijan

MOL, Slovnaft file formal complaint with European Commission over alleged abuse of monopoly position by JANAF

On 27 January 2026, crude oil deliveries to Hungary and Slovakia via the Druzhba pipeline were interrupted. The pipeline has been out of service since then, significantly increasing the dependence of landlocked Central and Eastern European refineries on the Adria pipeline as the only viable route.

Russia prepared to divert oil to India as Middle East conflict disrupts flows

India is vulnerable to supply shocks, with crude stocks covering only about 25 days of demand, while refiners hold similarly limited inventories of gasoil, gasoline and liquefied petroleum gas.

Hormuz shutdown worsens after U.S. hits Iranian warship; tankers stranded for fifth day

The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis that has paralyzed shipping through the Strait of Hormuz for a fifth day and choked off vital Middle East oil and gas flows.