Oil Infrastructure

Members reportedly agree rise of 206,000 barrels a day in May but move symbolic with strait of Hormuz effectively closedMiddle East crisis – live updatesIranian drones struck Kuwait’s oil infrastructure on Sunday, causing “severe material damage” that threatened to further disrupt oil supplies already hit by the US and Israel’s war with Tehran.It came hours before members of the Opec+ group that represents major global oil suppliers gathered to discuss how to bolster output despite Iran’s effective closure of the crucial strait of Hormuz shipping route. Continue reading...

The US military reports striking 15,000 targets in Iran since the war began, with President Trump stating forces 'totally obliterated' military sites on Kharg Island vital to Iran's oil network and threatening further action on oil infrastructure. This escalates as Iran reports 43,000 residential and commercial units damaged from US and Israeli strikes. Government spokesperson Fatemeh Mohajerani detailed the widespread destruction on Saturday. Global oil markets remain volatile with Hormuz disruptions.

President Donald Trump announced US forces 'obliterated' military targets on Iran's Kharg Island, primary terminal for its oil exports, prompting threats of escalated retaliation from Iran's Parliament speaker. Iranian media reported 15 explosions on the island targeting air defenses, naval bases, and helicopter hangars, with no oil facilities damaged. The strikes coincide with Iran closing the Strait of Hormuz, halting shipping and surging global oil prices, as the US considers Navy escorts for tankers. Trump warned of further action against Iran's oil infrastructure if attacks continue.

President Donald Trump announced US forces 'obliterated' military targets on Iran's Kharg Island, primary terminal for oil exports, prompting threats of escalated retaliation from Iran's Parliament speaker. Iranian media reported 15 explosions targeting air defenses, naval bases, and airport facilities with no oil damage confirmed. The strikes occur as Iran has halted shipping through the Strait of Hormuz, disrupting a fifth of global traded oil. Trump warned of further action against Iran's oil assets if disruptions continue.

The United States and Israel have conducted the largest attacks yet against Iran on the 14th day of the conflict, hitting approximately 15,000 targets since the war began. President Donald Trump announced that American forces executed "one of the most powerful bombing raids in the History of the Middle East," destroying military targets on Kharg Island in the Persian Gulf, while threatening to target Iranian oil infrastructure if Tehran continues blocking energy flows. Trump stated the U.S. would continue its campaign "as long as necessary" and indicated the Navy would begin escorting ships through the Strait of Hormuz "very soon," signaling further escalation of the two-week regional conflict. The joint international decision to release record oil reserves this week appeared to have minimal impact on crude prices, while the U.S. simultaneously moved to ease Russian oil sanctions over a 30-day period to alleviate rapidly rising energy costs.

President Donald Trump announced that US forces obliterated military targets on Iran's Kharg Island, a key oil export terminal, on March 13, 2026, with Iranian media reporting 15 explosions targeting air defenses, naval bases, and airport facilities but sparing oil infrastructure. Trump warned that Iran's oil infrastructure could be next if retaliation escalates, as the two-week war shows no signs of ending amid ongoing missile and drone attacks on Israel and Gulf states. The strikes heighten global energy risks since Iran has closed the Strait of Hormuz, through which 20% of world oil passes, potentially driving prices higher despite recent reserve releases. US officials are deploying 2,500 more Marines and an amphibious ship to the Middle East to bolster forces.