Oil and Gas | The Eastern Herald

Venezuelan Acting President Delcy Rodriguez speaks outside the International Court of Justice in The Hague rejecting Trump’s 51st state remarks

Venezuela Rejects Trump’s ‘51st State’ Remark, Delcy Rodriguez Defends Sovereignty

Venezuela’s acting president Delcy Rodriguez has forcefully rejected suggestions that the South American nation could become the 51st state of the United States, pushing back against comments attributed to President Donald Trump

May 12, 2026

Government and Politics·News

US gas prices rise above $4.50 as Iran conflict disrupts Strait of Hormuz oil supply and Trump considers gas tax suspension

Trump Moves to Suspend Federal Gas Tax, Iran Conflict Sends US Fuel Prices Soaring

President Donald Trump said Monday that his administration will move to temporarily suspend the federal gasoline tax as American consumers face rapidly rising fuel prices triggered by the escalating conflict surrounding Iran

May 12, 2026

Conflicts, Military and War·Government and Politics·News

Oil tankers stranded near the Strait of Hormuz during global energy crisis caused by supply disruption

Saudi Aramco Warns 880 Million Barrels of Oil Lost Forever, Strait of Hormuz Crisis Shakes Global Markets

Saudi Aramco has issued one of the starkest warnings yet about the state of the global energy market, declaring that nearly 880 million barrels of liquid hydrocarbons have effectively vanished from global

May 12, 2026

Business·Economy·News

CSL shares plunge as ASX 200 falls amid Iran oil tensions and global market volatility

ASX Slides After CSL Meltdown, Rising Oil Prices Shake Investor Confidence

Australia’s stock market slid sharply on Monday after biotech heavyweight CSL plunged in one of the most dramatic collapses in modern ASX history, wiping nearly A$10 billion from its market value and

May 11, 2026

Business·Economy

Donald Trump and Iran tensions rise as fragile ceasefire talks near collapse in the Strait of Hormuz crisis

Iran Says US Wants Capitulation, Not Peace, Hormuz Crisis Deepens

The ceasefire that halted weeks of open warfare between the United States and Iran is showing signs of collapse after Tehran accused the Trump administration of demanding what Iranian officials described as

May 11, 2026

Conflicts, Military and War·News

Oil tankers waiting near the Strait of Hormuz amid Iran conflict

Hormuz Crisis Enters Dangerous Phase, Trump Rejects Iran Response

Donald Trump’s blunt rejection of Iran’s latest proposal to end the war sent oil markets sharply higher on Monday and reignited fears that the global economy is drifting toward a prolonged energy

May 11, 2026

Business·Conflicts, Military and War·Economy·News

Wall Street traders react as oil prices surge and AI semiconductor stocks rally amid Iran tensions

Dow Wavers, Oil Surges on Iran Tensions While Intel and AI Stocks Drive Nasdaq Rally

Wall Street struggled for direction Monday as investors weighed surging oil prices, renewed Iran tensions and another explosive rally in artificial intelligence-linked semiconductor stocks that continued pushing the Nasdaq toward record territory.

May 11, 2026

Business·Conflicts, Military and War·News

Iran responds to US peace proposal through Pakistan amid Strait of Hormuz tensions

Iran Sends Response to US Peace Proposal Through Pakistan, Hormuz Attaks Threaten Fragile Ceasefire

Iran has formally delivered its response to a US-backed proposal aimed at ending the escalating Middle East conflict, using Pakistan as the main diplomatic intermediary in what is becoming one of the

May 11, 2026

Conflicts, Military and War·News

Hungary signals continued reliance on Russian energy supplies despite growing EU sanctions pressure

Hungary Refuses to Cut Russian Energy Ties, EU Pushes Harder Against Moscow

Hungary’s incoming economy and energy minister, István Kapitány, has declared that Budapest will not abandon Russian energy imports, delivering one of the clearest signs yet that the country’s new leadership intends to

May 11, 2026

News

Iranian Foreign Ministry spokesman Esmail Baghaei speaks about future nuclear talks with the US in Tehran

Tehran Signals Conditional Openness to US Nuclear Talks After Months of Conflict

Iran signaled Monday that it remains open to discussing its nuclear program with the United States in the future, even as senior officials in Tehran insisted that the country’s immediate priority is

May 11, 2026

News

Oil and Gas- Page 27

Venezuela Rejects Trump’s ‘51st State’ Remark, Delcy Rodriguez Defends Sovereignty

Trump Moves to Suspend Federal Gas Tax, Iran Conflict Sends US Fuel Prices Soaring

Saudi Aramco Warns 880 Million Barrels of Oil Lost Forever, Strait of Hormuz Crisis Shakes Global Markets

ASX Slides After CSL Meltdown, Rising Oil Prices Shake Investor Confidence

Iran Says US Wants Capitulation, Not Peace, Hormuz Crisis Deepens

Hormuz Crisis Enters Dangerous Phase, Trump Rejects Iran Response

Iran Sends Response to US Peace Proposal Through Pakistan, Hormuz Attaks Threaten Fragile Ceasefire

Hungary Refuses to Cut Russian Energy Ties, EU Pushes Harder Against Moscow

Tehran Signals Conditional Openness to US Nuclear Talks After Months of Conflict

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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