Mitsui OSK Lines convoy exits Hormuz via route near Iran, including some of the last trapped oil tankers departing the critical chokepoint.

World absorbs historic Iran war oil supply loss as depleted stockpiles raise further energy market risks

Global markets are absorbing a historic oil supply loss caused by the Iran war, but depleted stockpiles pose further risks.

Saudi Aramco makes largest cut to main oil price since at least 2000, a major pricing shift by the world's top crude exporter.

Aramco has made its largest cut to its main oil price since at least 2000.

Alberta and Ontario propose Canada-wide crude oil pipeline and energy corridor to cut reliance on the US, signaling a major shift in Canadian energy policy amid trade tensions.

Alberta and Ontario have proposed a crude oil pipeline and energy corridor across Canada aimed at reducing the country's dependence on the United States.

OPEC+ agrees to another oil production hike amid uncertain demand for the additional barrels, Bloomberg reports

OPEC+ has agreed on another production hike, though there may be little demand for the extra barrels, Bloomberg reports.