Browsing Tag
Fatih Birol
10 posts
Strait of Hormuz declared open as Israel-Lebanon truce holds; Trump says Iran deal ‘very close’
Iran's foreign minister declares the Strait of Hormuz fully open for commercial vessels during the ceasefire, as a 10-day Israel-Lebanon truce takes effect on 17 April 2026.
Trump’s Iran speech sends crude to six-year high, gas tops $4 nationwide
U.S. crude oil surged nearly $12 per barrel on April 3, 2026, its largest one-day gain since 2020, after Trump pledged more Iran strikes with no Strait of Hormuz reopening plan.
Trump signals US exit from Iran war within weeks and threatens NATO withdrawal as global oil crisis deepens
Trump signals US exit from Iran war within weeks and threatens NATO withdrawal as global oil disruption hits historic levels in April 2026.
Albanese warns Australians of months-long economic pain from Middle East war as petrol prices hit historic highs
Australian PM Anthony Albanese warns Middle East war will cause months of economic shocks; fuel excise halved and public transport urged amid historic petrol price surge.
Trump: Iran gave us a ‘very big present’ worth ‘tremendous money’ related to Hormuz oil flows
Trump says Iran gave a major oil and gas concession linked to the Strait of Hormuz on March 24, 2026, as the US and Iran inch toward talks via Pakistan.
Iran’s top civilian official denies Trump’s peace talks claim as oil markets swing wildly
Iran's Parliament Speaker Ghalibaf denied any US negotiations on 24 March 2026, contradicting Trump's claims of productive talks and a five-day pause on strikes.
Five-day clock starts as Trump suspends Iran energy strikes pending contested diplomacy
Trump delays US strikes on Iranian power plants for five days citing talks via Kushner and Witkoff. Tehran denies negotiations as global energy crisis deepens.
Trump threatens to obliterate Iran power plants unless Strait of Hormuz fully reopens within 48 hours
Trump threatens to obliterate Iran's power plants within 48 hours if the Strait of Hormuz remains closed, as Iranian missiles strike Dimona, Arad, and Diego Garcia.
Trump administration authorises 172 million barrel SPR drawdown as 32 IEA nations coordinate record emergency oil release
US releases 172 million barrels from the Strategic Petroleum Reserve as IEA coordinates a record 400 million barrel drawdown amid Iran war supply disruption.
Iran: Get ready for $200 oil. IRGC fires on more ships in the Gulf
Iran warned of $200 oil as IRGC forces attacked merchant ships in the Strait of Hormuz. The IEA ordered a record 400-million-barrel strategic reserve release.