Middle East

China's Wanhua Chemical declares force majeure on supplies to Middle East

Iran war causes major oil, gas disruptions

The U.S.-Israeli war on Iran and Tehran's attacks on Gulf neighbors have disrupted oil and natural gas exports from the Middle East and forced production stoppages.

Asia refineries, petchem firms cut runs as Middle East conflict disrupts feedstock supplies

Asian steam crackers, which source more than 60% of their naphtha feedstock from the Middle East, have been quick to declare force majeure on petrochemical supplies to customers.

India invokes emergency powers, orders refiners to boost LPG output

Russia gets export boost from Iran war as price of oil to India surges

The Iran conflict, now in its seventh day, has left the Strait of Hormuz, a critical shipping chokepoint, all but shut, cutting countries off from a fifth of global oil and liquefied natural gas (LNG) supplies.

South Korea may use fuel price cap to curb consumer prices

The rising risk of a drawn-out conflict has particular significance for South Korea, the world's fourth-largest oil importer, which gets around 70% of its oil from the Middle East.

China urges domestic refiners to suspend fuel exports amid Mideast war

Asia refining margins rocket to highest in nearly 4 years on Hormuz supply disruption

Charting the widening impact of the Iran crisis on energy markets

The repercussions of the ongoing U.S.-Iran war are being felt across the world, with U.S. fuel prices, European natural gas costs and Asian tanker freight rates all jumping sharply since strikes began at the weekend.

More tankers come under attack as U.S.-Iran conflict spreads in the region

Nine vessels have come under attack since the conflict broke out between the U.S., Israel and Iran on Saturday. Iran launched a wave of missiles at Israel early on Thursday and also sent drones into Azerbaijan