Iran’s Islamic Revolutionary Guard Corps announced it destroyed several US military aircraft stationed in Jordan during missile and drone attacks.

Overnight US airstrikes targeted an airport, a railway station, and two bridges in southern Iran, killing at least two people.

Brent crude climbs to 85 USD per barrel amid renewed Middle East tensions.

China is building an increasingly important buffer against global oil price shocks: its fleet of electric taxis.

Iran releases satellite images of alleged US UAV control centers in the Middle East damaged after attacks.

Washington aims to increase economic pressure on Tehran by sanctioning oil sales and freezing digital currency wallets.

A video circulating on social media shows 4 Iranian missiles successively striking a base hosting US forces in Jordan, while multiple Patriot missiles were launched.

President Donald Trump announced a shift from his proposed "protection fee" for ships transiting the Strait of Hormuz, opting instead for trade and investment agreements with Gulf allies.

Just one day after announcing a 20% "protection fee" for cargo ships passing through Hormuz, the US president has withdrawn the proposal.

Trump threatened to destroy the Pickaxe mountain facility, believed to be beyond the reach of the most powerful bunker-buster bombs in the US arsenal.

Gold prices have fallen below $4,000 per ounce, while Brent crude oil has surpassed $80 following the US's reimposition of a blockade on Iranian seaports.

Energy Aspects, an energy consultancy, estimates Europe will face a shortage of nearly 600,000 barrels of jet fuel per day in Q3.

Despite escalating tensions in the Middle East, oil prices have only fluctuated by a few USD as the market has gradually adapted, supply has increased, and demand has decreased.

The U.S. announced a new wave of strikes against Iran, following accusations that Tehran attacked a cargo ship in the Strait of Hormuz.