Middle East

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

Indonesia's Chandra Asri declares force majeure as Middle East conflict disrupts supplies

QatarEnergy ceases additional downstream unit production

India eyes alternative energy supplies amid Strait of Hormuz disruption

Shipping through the Strait of Hormuz between Iran and Oman, which carries around a fifth of oil consumed globally as well as large quantities of gas, has ground to a near halt after vessels in the area were struck as Iran hit back after U.S. and Israeli strikes.

India most vulnerable to prolonged disruptions to Mideast oil, analysts say

Both China and India, Asia's top energy consumers, source around half of their crude imports from the Middle East, but India has far less oil in storage than its neighbor and is more dependent on that region's crude now than in the last three-plus years.

Iran conflict disrupts Middle East oil, fuel, LNG