US refineries taking in half of Venezuela’s oil output, official says
US official says Venezuela is sending 500,000 of its 1.25 million barrels per day output to Gulf Coast refineries.
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Oman says oil spill from stricken tanker has reached its coast
Up to 40km of coastline affected by oil pollution, Omani environmental authority says.
From: NewsFeed
Drone attacks on energy infrastructure deepen Libya’s energy crisis
Repeated drone strikes on oil and power infrastructure are deepening Libya’s energy crisis.
Published On 12 Aug 2026
US consumer inflation slows in July as energy prices briefly retreat
Energy prices declined 1.5 percent in July but remain 14.7 percent higher compared with a year ago.
Oil prices rise as attacks dent hopes for Strait of Hormuz reopening
Brent crude climbs as renewed violence dampens hopes for a return to stability in energy markets.
Huge fire breaks out at Libya’s Zawiya refinery after drone attack
National oil company warns it may halt operations at the country’s largest operating refinery if drone attacks continue.
Trump demands compensation from Iran as talks on Strait of Hormuz continue
US president seeks payment for ’50 years’ of alleged damages after Iran conditions opening of Hormuz on war reparations.
From: NewsFeed
Trump to demand compensation for Tehran’s ‘conflicts’
President Donald Trump says he’ll demand compensation from Iran for people killed or wounded in the US war on Iran.
Published On 10 Aug 2026
Oman trying to contain extensive oil spill from stricken tanker
The Caroline Bezengi is believed to be part of Russia’s ‘shadow fleet’ that Moscow uses to circumvent Western sanctions.
Oil prices, stocks surge as Hormuz closure drags on
US petrol prices dropped nine cents last week but could again surge if the strait closure continues, analysts warn.
EXPLAINER
What’s behind Trump’s shift to economic pressure on Iran? Will it work?
Months into the war, Trump is returning to squeezing Iran’s economy rather than military offensive for now.
