News Live

Financial Times, citing diplomats: US officials have informed their European counterparts that no further sanctions will be imposed on Russian oil.

British Energy Minister: We are talking with Washington and allies to reopen the Strait of Hormuz, and there are things Britain can do.

An Iranian drone/missile reportedly hit Sheikh Isa Air Force Base in Bahrain this morning, starting a fire in the vicinity of the main base area. A large cloud of smoke can be seen rising from the airbase

Emirate of Fujairah: A fire broke out as a result of falling debris following the successful interception of a drone by air defenses, with no injuries reported.

Bloomberg: Some oil operations halted following a drone attack in Fujairah, UAE, which caused a fire.

Iranian drone strikes hit oil facilities at Fujairah Port in the UAE, with videos showing large plumes of black smoke

Trump: If Iran tries to disrupt shipping in the Strait of Hormuz, I will immediately reconsider the decision not to strike oil facilities.

Trump: We will see energy prices drop soon after the war ends

Delcy Rodríguez: "The lifting of sanctions is key to the interconnection between Venezuela and Colombia"

Power outages have been reported in parts of Tehran, including Shahrak-e Gharb in the capital’s west, after massive airstrikes hit multiple areas of the city and the nearby city of Karaj

LyondellBasell reports fire at Bayport Choate chemical plant in Texas

The Kremlin: Without large quantities of Russian oil, stabilizing the global market will be impossible.

Trump: Ships must show courage and cross the Strait of Hormuz

U.S. Treasury Secreaty: .@POTUS is taking decisive steps to promote stability in global energy markets and working to keep prices low as we address the threat and instability posed by the terrorist Iranian regime. To increase the global reach of existing supply, @USTreasury is providing a temporary authorization to permit countries to purchase Russian oil currently stranded at sea. This narrowly tailored, short-term measure applies only to oil already in transit and will not provide significant financial benefit to the Russian government, which derives the majority of its energy revenue from taxes assessed at the point of extraction. President Trump's pro-energy policies have driven U.S. oil and gas production to record levels, contributing to lower fuel prices for hardworking Americans. The temporary increase in oil prices is a short-term and temporary disruption that will result in a massive benefit to our nation and economy in the long-term

Saudi Arabia says that 72 of the 207 Iranian drones launched at the kingdom to date attempted to target the Shaybah oil field

Brent crude oil closed trading on Thursday above $100 a barrel for the first time in nearly four years.

Spokesperson for the Khatam al-Anbiya Headquarters: Ships in the Strait of Hormuz must operate according to Iranian laws in wartime conditions to avoid damage

Iran's Armed Forces spokesperson: The slightest attack on Iran’s energy infrastructure or ports will trigger a crushing and devastating response. Oil and gas facilities across the region linked to the U.S. and its allies will burn

Kuwaiti Ministry of Defense: Some power lines are out of service due to falling debris from intercepting aerial targets

At night, Russia attacked a transformer substation in the Kyiv district of Kharkiv, - Mayor Terekhov. Part of the city was left without electricity, power workers have already partially restored power supply. After the first hit, there was a second strike.

Trump: "The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money."

Oil prices rise 6% and trade above $97.5 a barrel

The Iraqi Ministry of Oil told Al-Arabiya TV: We have been affected by the ongoing events in the region, and our export operations have stopped.

Saudi Arabia Ministry of Defense Spokesperson: A drone was intercepted and destroyed in the Empty Quarter, heading towards the Shaybah oil field.

Fires at the Tikhoretska pumping station in Krasnodar Krai

Bahrain says fuel tanks attacked, requests residents stay home

Drones have attacked Tikhoretskaya oil pumping station in Krasnodar Krai or Russia

President Trump has authorized the United States to release 172 million barrels of oil from the Strategic Petroleum Reserve, per @Sam_Waldenberg and @adamcancryn

Iranian television: US oil tanker targeted near Umm Qasr port in Basra, southern Iraq, by a remote-controlled speedboat

Iraqi ports: 31 people rescued, search continues for those missing after attack on two oil tankers