Iran – Oil & Gas 360

Iran’s GDP drain grows as maritime blockades tighten financial pressure points

April 20, 2026

(Oil & Gas 360) By Greg Barnett, MBA – Iran’s economy is absorbing a fast‑widening financial shock as the combined impact of the Strait of Hormuz blockade and Red Sea disruptions sharply constrains oil exports, trade flows, and access to hard currency. Analysts tracking sanctions enforcement and maritime traffic estimate the immediate economic damage at roughly $435 million per day, with

Inflation jumps to 2.4% in March driven by Iran war oil shock, StatCan says

April 20, 2026

(BOE Report) – The annual rate of inflation accelerated to 2.4 per cent in March as the war in Iran sent fuel costs soaring, Statistics Canada said Monday. That’s a jump of more than half a percentage point from the headline inflation rate of 1.8 per cent in February, though economists had widely expected the March figures to come in

Iran may join peace talks after Pakistan works to end US blockade, Iran source says

April 20, 2026

(Investing) – DUBAI – Iran is considering attending peace talks with the United States in Pakistan, a senior Iranian official told Reuters on Monday, following moves by Islamabad to end a U.S. blockade of Iran’s ports, a major hurdle for Iran to rejoin peace efforts. However, the official stressed that no decision had been made. With a two-week ceasefire set

Oil prices crater below $90 after Iran, U.S. say Strait of Hormuz temporarily open

April 17, 2026

(Investing) – Oil prices tumbled below $90 a barrel on Friday after Iran and the U.S. declared the Strait of Hormuz temporarily open, removing constraints on a critical shipping bottleneck that have sparked worries over a widespread inflation spike. Investors were also assessing a media report which said the U.S. was considering a $20 billion cash-for-uranium deal to end the war

Strait of Hormuz traffic barely affected on first day of US blockade, data shows

April 15, 2026

(Investing) – SINGAPORE/LONDON – The first full day of a U.S. blockade on vessels calling at Iranian ports made little difference to Strait of Hormuz traffic on Tuesday, with at least eight ships including three Iran-linked tankers, crossing the waterway, shipping data showed. U.S. President Donald Trump announced the blockade on Sunday after weekend peace talks in Islamabad between the U.S.

Nomura: Full U.S. blockade could cut off another 2.3 million bpd oil supply

April 14, 2026

(Oil Price) – Oil supply from the Middle East could drop by another 2.3 million barrels per day (bpd) if the U.S. were to completely block the Strait of Hormuz, according to bank Nomura. “We estimate around 2.3mbpd loss of incremental oil supplies versus March 2026, and nearly 9.3mbpd loss versus March 2025 in the event the US were to

Trump warns Iran on Hormuz tolls as energy crunch prompts Japan to release more oil

April 10, 2026

(BOE Report) – U.S. President Donald Trump warned Tehran not to charge tolls on ships crossing the Strait of Hormuz, as a mounting global energy crisis prompted Japan on Friday to announce a further emergency oil release. The Iran war has damaged Gulf energy production, stranded tanker traffic, and boosted oil prices by about 50% in the world’s worst energy

Hormuz on Edge: Ceasefire holds, but control and risk, shifts to Iran

April 9, 2026

(By Oil & Gas 360) – A fragile ceasefire is holding just enough to steady markets, but not enough to restore confidence. Diplomatic momentum is building around a broader pause in hostilities. Lebanon has pushed for a temporary ceasefire with Israel to open the door to wider negotiations, a move seen by regional players as a necessary step to prevent further

Why pressure toppled Caracas but not Tehran

April 9, 2026

(Oil Price) – Just over a month since President Donald Trump’s decision to go to war with Iran, taken in the shadow of his military intervention in Venezuela, the contrast between the two is hard to ignore. One intervention is drifting into uncertainty, while the other is settling into something easily described as a success. As the world’s attention remains fixed

Kharg Island targeted in U.S. strikes as Hormuz tensions lift oil prices

April 7, 2026

(World Oil) – The U.S. carried out strikes near Iran’s Kharg Island early Tuesday, targeting military sites while avoiding key oil export infrastructure, as tensions in the region continue to inject volatility into global energy markets. U.S. forces hit bunkers, radar systems and ammunition storage facilities on the island, according to reports, in a renewed round of attacks similar to

Oil on edge ahead of Iran deadline

April 6, 2026

(By Oil & Gas 360)- Global oil markets are no longer reacting to supply and demand; they are reacting to deadlines. With President Donald Trump declaring a final Tuesday deadline for Iran to strike a deal, tensions have entered a more binary phase: agreement or escalation. The ultimatum has raised the stakes not just diplomatically, but economically, as markets weigh

Countries need to step up on Strait of Hormuz, says - oil and gas 360

Countries need to step up on Strait of Hormuz, says Hegseth

March 31, 2026

(Investing) – WASHINGTON – The United States has done the lion’s share of the work in making Iran less of a threat and other countries now need to step up to reopen the critical Strait of Hormuz waterway, Defense Secretary Pete Hegseth said on Tuesday. Hegseth cited President Donald Trump’s early morning exhortation to other countries to loosen Iran’s stranglehold on

Premium Content