Oil and gas sector

‘Encouraging’ progress made on ending US-Iran war

Iranian Parliament Speaker Mohammad Bagher Ghalibaf meets with chief of Defence Forces of Pakistan, Field Marshal Asim Munir, in Tehran, Iran, May 23, 2026. Iranian Parliament Speaker Office/WANA (West Asia News Agency)/Handout via REUTERS

US diplomat dangles energy diversification to APEC group

Delegates attending the opening ceremony of the APEC meeting in Suzhou, China, on May 22.

Pakistan military chief arrives in Tehran, in push to end Iran war

Field Marshal Asim Munir, Pakistan’s army chief, arriving in Iran on May 22.

Third Qatari LNG tanker heads through Strait of Hormuz to China, data shows

A vessel in the Strait of Hormuz, off the coast of Iran, on May 22.

Oil market risks ‘red zone’ by summer, IEA chief warns

IEA chief Fatih Birol warned that it will take “a lot of time” for production and refining capacity to return to pre-war levels.

US and Iran still at odds on key issues, but Rubio sees some ‘good signs’

US Secretary of State Marco Rubio speaking to the press before boarding his plane on May 21 to travel to a meeting of NATO foreign ministers in Sweden.

Fishing boats worldwide tuck dockside as diesel prices surge on Iran war

Fuel is a leading expense for fishing fleets, which might require tens of thousands of gallons to fill their boats.

While You Were Sleeping: 5 stories you might have missed, May 21, 2026

A US helicopter patrolling near a commercial vessel as American forces enforce the US' maritime blockade against Iran.

Iran weighs US offer as Trump says peace talks on ‘borderline’

A US helicopter patrolling near a commercial vessel as American forces enforce the US' maritime blockade against Iran.

New UAE oil pipeline bypassing Strait of Hormuz is 50% complete ahead of 2027 start

Dr Sultan Ahmed Al Jaber says the UAE has accelerated delivery of its pipeline to 2027.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.