US to Continue Iran Strikes, Pause Applies Only to Energy Sites, Semafor Reports

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March 24 (Reuters) – The United States will ‌continue its strikes on Iran, with the pause applying only to attacks on Tehran’s energy sites, Semafor ​reported on Monday, citing a U.S. official, ​during what President Donald Trump has described ⁠as “productive” talks with unidentified Iranian officials. Earlier on ​Monday, Trump had postponed for five days …

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United Airlines Bets Bigger on Premium Travel as Iran War Drives Up Fuel Costs

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By Rajesh Kumar Singh United plans to receive over 250 aircraft by April 2028 United focuses on premium seating with new Airbus models Premium travelers seen as resilient to fare increases CHICAGO, March 24 (Reuters) – United Airlines (UAL.O) on Tuesday ​unveiled a broad aircraft and cabin overhaul centered on higher-end seating, pressing ahead with …

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Japan to Tap Joint Oil Stockpiles, PM Says, With No End Seen to Supply Crisis

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By Katya Golubkova, Yuka Obayashi and Tamiyuki Kihara Japan began tapping private oil stockpiles on March 16 Japan to open public stockpiles on March 26, PM Takaichi says To use five days worth of oil supply from joint oil stockpiles Three tankers, not related to the Strait of Hormuz, heading towards Japan Industry calls for …

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The Return of $100 Oil

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Historic Strait of Hormuz disruption and limited supply response expected to drive Brent prices to average $95/bbl for the remainder of 2026, $100/bbl for 2027 CALGARY, Alberta (Mar. 24, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy-dedicated artificial intelligence and data analytics company, is releasing an updated global oil outlook that …

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Valero Shuts Texas Refinery After Explosion Rocks Diesel Unit, Sources Say

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Valero shuts Texas refinery after explosion rocks diesel unit, sources say Reuters Valero Energy Corp has shut its 380,000-barrel-per-day (bpd) oil refinery in Port Arthur, Texas, following an explosion and fire at a diesel hydrotreater unit, people familiar with the plant operations said on Monday. The explosion at the 47,000-bpd 243-diesel hydrotreater unit rocked the …

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Iran War Deals Harder Blow to Natural Gas Than Oil: Maguire

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  At first glance, the Iran war appears to be hitting oil and gas with equal force, as missiles, drone strikes and shipping disruptions choke flows through the Strait of Hormuz. But beneath that surface symmetry lies a critical imbalance. The global gas supply chain has fewer rerouting options and less storage capacity than the …

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Shell Concerned Iran War Will Impact Long-Term Confidence in LNG Supply

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  Shell is concerned that the Iran war could impact long-term confidence in the affordability and security of natural gas supplies, said the company’s president of integrated gas, Cedric Cremers. “These geopolitical shocks…send the wrong signals to customers around the long-term fundamentals of gas,” Cremers said at the CERAWeek conference in Houston. The conflict has removed …

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India’s Reliance Buys 5 Million Barrels of Iranian Oil After US Waiver, Sources Say

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  (Reuters) – India’s Reliance Industries, operator of the world’s biggest refining complex, has purchased 5 million ​barrels of Iranian crude, days after the U.S. temporarily removed sanctions on ‌the oil, three sources familiar with the matter said on Tuesday. The Indian refiner bought the oil from the National Iranian Oil Co., two of the sources …

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OIL RISES as Supply Disruption Persists and Iran Denies US Talks

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Summary Trump says US, Iran have ‘major points of agreement’ Iran rejects claim of contact with Washington Macquarie says Brent could hit $150 if Hormuz shut through April (Reuters) – Oil rose on Tuesday as the world’s ‌biggest supply disruption persisted and as Iran denied it had talks with the U.S. to end the war in the …

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Oil Execs Warn of Long-Term Damage From Iran War as US Downplays Crisis

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(Reuters) – Some of the world’s top oil executives and energy ministers in Houston on Monday expressed growing concern over the long-term effects of the U.S.-Israel war with Iran on the global economy, while the U.S. Energy Secretary Chris Wright downplayed the crisis. The war has caused one of the biggest disruptions to energy supplies …

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