India Was Iran’s Second Largest Oil Customer — Indian Refineries Are Scrambling for Alternatives
India, the world's third-largest oil importer, is facing its most severe energy supply crisis in decades.
Category Oil
Chinese Companies Were Buying Sanctioned Iranian Oil — That Supply Is Now Disrupted
For years, Chinese independent refineries quietly purchased massive quantities of sanctioned Iranian crude oil at steep discounts, creating a...
Iran’s Oil Exports Were Already Under Maximum Sanctions — But the War Changes Global Supply Dynamics
Iran's oil exports were already crumbling under the weight of sanctions before the first missile flew. Crude shipments to China had dropped to roughly 1.
Iran Sits on the Fourth Largest Proven Oil Reserves in the World
Iran sits on approximately 208.6 billion barrels of proven crude oil reserves, placing it among the top four holders on the planet and accounting for...
Saudi Arabia Allowed U.S. Aircraft to Use Its Airspace for the Iran Strikes — Report
The headline claiming Saudi Arabia allowed U.S. aircraft to use its airspace for strikes on Iran is not supported by the available reporting.
Only Israel, Saudi Arabia, and UAE Have Clearly Supported the Military Operation
The claim that only Israel, Saudi Arabia, and the UAE clearly supported Operation Epic Fury — the massive U.S.
Natural Gas Prices Spike Alongside Oil After Iran Strikes Disrupt Markets
Natural gas prices are spiking dramatically alongside crude oil as Iranian retaliatory strikes disrupt two of the most critical chokepoints in global...
OPEC Emergency Meeting Called After Strikes Hit Major Oil-Producing Region
Eight OPEC+ nations convened an emergency virtual meeting on March 1, 2026, agreeing to boost oil output by 206,000 barrels per day starting in April,...
Environmental Experts Warn Oil Fires in Iran Could Cause Widespread Ecological Damage
The coordinated U.S.-Israeli military strikes that began on February 28, 2026, targeting Iran's energy and military infrastructure, have triggered what...
Saudi Arabia May Accelerate Its Own Nuclear Ambitions After Seeing Iran’s Program Destroyed
Yes, Saudi Arabia is almost certainly going to accelerate its nuclear ambitions now that Iran's program has been demolished.